MGK 0.00% 0.8¢ mil resources limited

map update and some thoughts

  1. 11,521 Posts.
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    Hi here's the first of a few maps I've been working on,if there of interest I'll post more of the PNG mainland leases as well.
    The first map shows most of the holders in the Bismarck Archipelago and in particular Papua Precious Metals,Lihir and Simbari Island.As you can see MGK holds the ground surrounding NCM at Manus Island and more importantly holds the majority of ground on New Ireland and the islands north and south of Lihir and Simbari.If anyone is going to find another Lihir monster then IMHO MGK stand a good chance.
    The second map shows MGK's ground on New Britain and it's proximity to a very large anomaly (which I've circled) on FNT's ground in the Uasilau Copper Belt which they've JV'd with Ok Tedi and also the proximity of MGK's ground in the Kulu-Awit Copper belt to COY's porphry discovery at Nakru where COY have reported intervals of [email protected]%Cu .33g/t Au,[email protected]% Cu .46g/t Au and 140m@ .57% Cu
    The last piece is a copy of Papaua Precious Metals announcement 2 days ago of their discovery at New Hanover Island .The nice thing is that MGK hold a fair bit of ground between New Hanover and Lihir and Simbari Islands I think the Bismarck Archipelago leases are superb and worthy of a long hold until events unfold.They are the jewels in the crown I reckon





 
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