MTB 0.00% 0.2¢ mount burgess mining nl

looks intersting 20% up on open, page-8

  1. 605 Posts.
    lightbulb Created with Sketch. 13
    re: looks interesting - 20% up on open
    The only aspect in the latest report that materially deviates from earlier reports are the developments at Telfer.

    I think the focus has always been on diamonds in Namibia but with Barrick Telfer looks interesting.
    I have highlighted extracts from the latest report on Telfer.

    TELFER GOLD PROJECT

    (Mount Burgess Mining N.L. 100%, Barrick Gold of Australia Limited has the right to initially earn 51%)

    During the reporting period a programme of structural and geological mapping was completed across the entire project area to compile structural sections in key locations across the Tim's, East Thompson and Camp Domes in order to gain a better understanding of the 3D geometry of the area and to ultimately aid in exploration targeting. Over one thousand structural measurements of bedding, foliation, jointing and veining were collected during the programme and this data was used to develop constrained structural sections across Tim's and East Thompson's Domes. An initial programme consisting of 1,000m deep drill holes, at each of Tim's and East Thompson's Domes, was designed to test priority targets.

    Drilling commenced in early September at Tim's Dome utilising a multi-purpose RC-diamond rig. Drilling conditions were difficult with continual cave-in experienced because of highly fractured ground within the top 300m. Although ground conditions vastly improved from around 300m, up-hole cave-in resulted in the first hole being abandoned at 338.3 m.

    This drill programme was suspended pending the availability of a large RC drill rig capable of drilling deep RC pre-collars. A large RC rig is now on site to drill four pre-collars and diamond coring will commence immediately these have been completed.

    In the abandoned hole BTDD0001, a 6m zone of silica-pyrite-carbonate-tourmaline alteration associated with stockwork-style quartz-sulphide-tourmaline veining was intersected between 325-331 metres.

    All assay results for BTDD0001 are pending.

    Rock chip sampling of the Fold Closure Project at East Thompson's Dome returned results up to 22.59 g/t Au with corresponding anomalous Copper, Arsenic, Bismuth, Tellerium and Tungsten.

    During the December quarter it is intended to complete at least three of the deep diamond tails in the time remaining this season.
 
watchlist Created with Sketch. Add MTB (ASX) to my watchlist
(20min delay)
Last
0.2¢
Change
0.000(0.00%)
Mkt cap ! $1.947M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
28 61358152 0.1¢
 

Sellers (Offers)

Price($) Vol. No.
0.2¢ 22596873 7
View Market Depth
Last trade - 16.27pm 26/07/2024 (20 minute delay) ?
MTB (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.