DEG 0.00% $1.18 de grey mining limited

HiThanks as always john435 for your generous map sharing and...

  1. 58 Posts.
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    Hi

    Thanks as always john435 for your generous map sharing and comments.

    There is a new player in the Deseado Massif called Samco Gold. If you go to their website at http://www.samcogold.com/Home and then open the link to their presentation then slide 8 it shows their 10 new exploration projects. A few more pieces in the map jigsaw.

    They are on the Canadian stock exchange and have only been up and running for a couple of weeks. Their initial offering was for C$25m. Most of this is dedicated to two years of intensive exporation.

    Some further info on the launch of these guys is available at:
    http://www.usetdas.com/TDAS/NewsArticle.aspx?NewsID=17826

    By my calculations - we have 7x Samco's tenement hectares (back of envelope and quickly done), however theirs are all 100% owned and they are cashed up.

    Given the jurassic volcanics in the Deseado Massif are now largely held by mining companies, in my mind we got in at a good time.

    On to the initial drilling...

    Regards

    Elisby1
 
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