1) We are drilling from surface at Alhambra after discovering extensive out of dyke workings at surface. Drilling has intersected dyke at around 100-170 metres downhole.
2) 7 Sub area - A new mining area we are opening up in late April and May 2012.
3) Ventilation into the Tills stope a new mining area.
6) Burns stope 1 - Narrow veins but very high grade. Mining commencing in April
5) Preparations afoot for smelting our first on-site dore bar.
6) UG Power upgrade 1000v - A massive underground power upgrade has taken place at the Morning Star Goldmine which will result in cheaper operating costs.
Comments form Me
I like the fact that they have found a new area of potentially mineralsied ground at Alhambra. This can be added to Wallaby, ROD, Loch Fyne, Waverley,Reliance, Little Commet and the rest of them.
I also like the fact that they are opening up a new mining area "Tills" in late April early May at Morning Star. I hadn't heard of Tills until seeing this. It can be added to Donaldson, Burns, Maxwells, Campbells, Whitelaws, Kenny's ect.
Lots of things happenning at morning star.
Seems to me they are positioning themselves to be around a long time.
MCO Price at posting:
18.0¢ Sentiment: LT Buy Disclosure: Held