1MC 2.94% 3.3¢ morella corporation limited

Another little surprise that may or may not turn into...

  1. 180 Posts.
    Another little surprise that may or may not turn into anything....from the last Qrtly Activities re a review being done on historical gold prospect on the Shoobridge project Pine Creek NT....

    "...was explored in detail in the 1970?s and 1980?s by BHP, MIM and Dominion Mining. Some minor studies were undertaken in the 1990?s however the prevailing gold price throughout this period did not encourage the explorers to take developments further.

    A number of historical resource reports indicate that the Shoobridge gold prospect is of moderate tonnage and low grade however with the current sustained high gold price the economics of the Shoobridge prospect may be much different than they would have been in the past."

    Results of review were expected early Q3, so maybe it didn't show anything worth pursuing? Or maybe it's yet to be finalised?
 
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