"Gave away a no-brainer Gold play in Miyabi imo."Comedy...

"Gave away a no-brainer Gold play in Miyabi imo."

Comedy gold!!

Bright Star are the company who have engaged in a JV in Miyabi, here are the spectacular, results from this no brainer:

http://www.brightstargold.com/downloads/announcements/asx-releases/2011/16-08-2011-Miyabi-Gold-Project-Drilling-Results.pdf

Gold Mineralisation Extended at 520,000oz
Miyabi Gold Project, Tanzania
 First pass shallow RAB drilling at IP70 Prospect defines shear
zone hosted gold mineralisation in multiple structures;
 Better results include:
o MBRB503 9m at 1.82g/t Au from 21m*
o MBRB534 6m at 1.14g/t Au from 18m
o MBRB535 15m at 0.21g/t Au from 12m*
o MBRB561 15m at 0.27g/t Au from 12m
o MBRB579 7m at 0.27g/t Au from 9m*

Wow, looks like they might add to the resource and eventually end up with overall grades up to .4g/t.

This should prove profitable if gold prices get to about $5000 per tonne.
MHM must be too busy kicking themselves to get anything else done.

Actually it looks like they know when to hold and when to fold.

Isn't it a bit weird that people are being critical of a company with exploration leases for exploring them. Anyone who thinks they shouldn't must think the AL division is a sure thing. Which I agree with, but why not try to build value in the other holdings. Exploration costs have not been that high and as the money rolls in, will become even less of an issue and in I doubt they'll persist too long if they can't find a decent resource.