From the GMM activity report on their Mongolia Potash Project
"In October/November the Company drilled of a series of 8 shallow structural holes totalling 1,100m by a combination of direct circulation rotary and down-hole hammer drilling to a maximum depth of 150m. The obtained geological information helped to better understand this underexplored area and will be used in planning a deeper drilling program in the coming 2011 field season seeking bedded potash that is the Company?s primary exploration target"
I'm assuming field season in Mongolia is not till October / November this year then given the company did there last drilling in the field season of 2010 during oct/nov and will be doing deeper drilling during field season in 2k11 to seek bedded potash, pity drilling isn't around the corner with the heat in the potash sector at the moment.
Still with a tiny market cap could be a good entry at current levels.
GMM Price at posting:
13.6¢ Sentiment: Buy Disclosure: Held
