Neither the DFS or a resource upgrade is contingent on further drilling. The company will be using data from 45,000 metres drilled since the last JORC compliant resource statement (2008).
The resource upgrade will either be announced prior to, or concurrent with release of the DFS. (Q1 2011)
Marengo intends on utilising it's 2011 drilling capacity to further expand and measure the Yandera resource - after release of the imminent resource upgrade and DFS.
The recent deep drilling campaign demonstrated a lot more copper sits at Yandera than had been measured in the past. This is not like 'a few kms down the road' type mineralisation that could add production feed to a mine - it is instead located within the primary resource zone, deep at depth, with substantially increased grade. If the drilling confirms continuity of mineralised envelopes, the current (2008) resource would be blown away. (Q4 2011?)
Hope this helps.
All the best.
MGO Price at posting:
34.0¢ Sentiment: LT Buy Disclosure: Held
