ML7 metals 479 ltd

IPO - Metals 479 Ltd, page-6

Currently unlisted. Proposed listing date: APPLICATION WITHDRAWN
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    Metals 479 is a new mineral exploration and development company, with a highly-experienced board and management team based in Australia under the leadership of proven mining entrepreneur Frank Terranova. ML7’sCorcoran Silver-Gold Project is an advanced exploration project covering approx. 20 km2 with 17,895 metres of exploration drilling having already been conducted identifying some outstanding drill intercepts including:


    • Hole CC-30, which averaged 390 g/t Ag over 43 metres from 93-135 metres and included several higher-grade portions.
    • Hole CC-38, which averaged 1874 g/t Ag over 6.1 metres from 59- 65 metres
    • Hole CCD-09, which averaged 4103 g/t Ag over 1.5 metres from 35.1-36.6 metres

    The latest resource estimate by Centennial in 2015 estimated 3.7 million tonnes at 257 Ag g/t and 0.3 Au g/t at a lower cut-off grade of 68.6 g/t Ag. Post listing, a resource validation campaign (including diamond drilling) in the Silver Reef Zone will be a priority to verify historical resource estimates and report them in accordance with JORC 2012.
 
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Currently unlisted public company.

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