Hi there,MGO this evening released two investor presentations:...

Hi there,

MGO this evening released two investor presentations: one for Sydney and another for North America and Europe.

Interestingly enough, the North American / European presentation had a couple of pages on the gold exploration ground held by MGO.

Also of note was MGO's comment that Yandera was the first project - the implication that others will follow.

We know the current Yandera JORC compliant resource includes 3.3 million ounces of gold and 58 million (from memory) ounces of silver, but it's the recent and planned exploration that interests me at this point.

MGO has five drill rigs currenty operating on site. I'm not sure how many of them are currently being utilised on the regional exploration program.

I know results are expected in the coming six or so weeks from recent Au exploration.

This PNG ground is highly prospective as we know. Huge deposits such as Ramu (literally next door), Ok Tedi and Lihir are in the region.


Anyway, check out the following images from the abovementioned presentation to appreciate the Au potential MGO offers: