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ML7 metals 479 ltd

you've got to be kidding, Hole CCD-09, which averaged 4103 g/t...

Currently unlisted. Proposed listing date: APPLICATION WITHDRAWN

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makingmoneystill

17,185 Posts.

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18/03/18

20:54

Post #: 31842505
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Originally posted by blueballs ↑

Hunter Capital Advisors has been mandated to raise between $5 to 7m in the upcoming IPO ofMetals 479 Limited (ML7:ASX). The Metals 479 Corcoran silver-gold asset has the potential to be one of the highest grade open pit silver mines in North America and the highest-grade silver deposit listed on the ASX.

Please refer to the term sheet attached for more information.

Management will be road showing in Australia on the following dates. If you would like to meet with Frank Terranova, CEO please reply by email to[email protected] with your preferred time.

Perth: Mon 19 & Tues 20 March

Melbourne: Thurs 22 & Fri 23 March

Sydney: Mon 26 & Tues 27 March

Brisbane: Wed 28 & Thurs 29 March

About Metals 479:

Metals 479 is a new mineral exploration and development company, with a highly-experienced board and management team based in Australia under the leadership of proven mining entrepreneur Frank Terranova. ML7’sCorcoran Silver-Gold Project is an advanced exploration project covering approx. 20 km2 with 17,895 metres of exploration drilling having already been conducted identifying some outstanding drill intercepts including:

Hole CC-30, which averaged 390 g/t Ag over 43 metres from 93-135 metres and included several higher-grade portions.

Hole CC-38, which averaged 1874 g/t Ag over 6.1 metres from 59- 65 metres

Hole CCD-09, which averaged 4103 g/t Ag over 1.5 metres from 35.1-36.6 metres

The latest resource estimate by Centennial in 2015 estimated 3.7 million tonnes at 257 Ag g/t and 0.3 Au g/t at a lower cut-off grade of 68.6 g/t Ag. Post listing, a resource validation campaign (including diamond drilling) in the Silver Reef Zone will be a priority to verify historical resource estimates and report them in accordance with JORC 2012.

Investment Highlights:

The company aims to become a mining house with a portfolio of high quality mining and exploration projects in preferred jurisdictions and focused on precious and base metals

The company has identified and acquired its first project – the high grade Corcoran gold and silver project in Nevada, USA – one of the world’s most mining-friendly locations

Historical drilling has identified extensive high grade mineralised zones at Corcoran that suggest this could be one of the richest undeveloped open-pit silver/gold projects in North America

Total drilling on the Corcoran Project to date is 17,895m in 123 holes. Of this drilling, about 11,500m in 78 holes de ne the Silver Reef mineralised zone

Drilling encountered significant mineralization, and included intercepts which averaged 390 g/t Ag over 43 m from 93-135 m and includes several higher-grade portions

Funds raised through the IPO will be used to accelerate resource definition for the development of the Corcoran project, and other corporate purposes

Post IPO, Metals 479 will have a minimum of 77,431,666 shares on issue, giving the Companyan enterprise value of approximately $10 million based on the IPO issue price of 20 cents per share

Upon listing, Eric Sprott will be one of the largest shareholders

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you've got to be kidding,

Hole CCD-09, which averaged 4103 g/t Ag over 1.5 metresfrom 35.1-36.6 metres

thats what i would call awesome,

will put this on my watch list, and monitor,
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0 Great analysis

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Add ML7 (ASX) to my watchlist