EMC 4.17% 12.5¢ everest metals corporation ltd

Everest Metals Corporation chief operating officer, Simon...

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    Everest Metals Corporation chief operating officer, Simon Phillips, said: “The transition to EMC and hard work by all involved will manifest through key work programs over coming months.

    The Bulk Sampling of High Grade Gold ore at The Revere Gold Project will be followed by the processing of the ore through a Geko Gravity Circuit plant and use the production criteria for resource and reserve estimation.

    Concurrently, EMC is very excited to Drill its Cu/Au Degrussa style VMS targets at depth on the Revere Project as well drilling the highly fertile Pegmatite Field at the Paynes Find Mt Edon project.

    Active proposed drilling programs by its JV partners, Rio Tinto (WA) and Stelar Metals (Broken Hill) round out the complementary Battery Mineral Projects.

    The potential for exceptional news over the next few months is very high with this level of activity.”

    A little-known fun fact about Phillips’ boss, Caruso, is that he was the major shareholder of ASX-listed Mineral Commodities when that company was the major shareholder of tiny ASX-listed minnow, Allied Mining and Processing a couple of decades ago.

    Allied Mining and Processing had some mobile gold plant technology and two very early-stage iron ore plays in the Pilbara that were pretty much sitting dormant.

    As the Chairman of Allied, Caruso ended up negotiating and doing a deal with a chap by the name of Andrew Forrest who subsequently took the reins of Allied – and a big slab of its shares and options.

    Forrest subsequently changed his company’s name to Fortescue Metals Group and the rest is history.


 
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