With the need to increase the 6g/t to 8g/t or higher, just hope this is not just one of those statements that dwindles away, and never mentioned again.
From the Last Quarterly
"It should be stressed that MCO has mined lower grade resources due solely to access and near term availability of those ores. This was also considered to be desirable in order to provide lower grade feed to the mill enabling optimisation of the gold recovery circuits prior to processing high grade ore feed. Mining of higher grade ore was commenced at the close of the quarter and both Burns and Kenny stopes will be online in the following period. In addition, a high grade extension above Maxwell’s zone and 8L at the enriched eastern sediment-dyke contact near the junction of Stones and Tills has been discovered late in the quarter and will beadded to the mining plan in the near term."
MCO Price at posting:
11.5¢ Sentiment: None Disclosure: Held
