PS: Thanks for the above challenge re the yellow dots by the way LT. All part of my investment decision process.
1. In reply to your earlier question about why I persist when I do not yet hold shares: because I am seriously interested in MHK's Leinster prospects and in investing in the company if it is real. But first I need to convince myself that the potential is real, so I am taking the time to investigate it, and hoping that someone here can contribute some of the concrete answers rather than just optimistic supposition.
2. Regarding what all those yellow dots in the company figure that you reproduced actually represent, I have now inspected every one of them in the Mines Dept database that they come from, concentrating on the eastern limb of the Lawlers anticline (red-circled area on map below):
And I am afraid to say, I am simply not wrong.
All but one of these yellow dots (GSWA recorded gold occurrences) is an insignificant little gold prospectors' scratching.
These prospects include just one very small, shallow pit at a prosect called White Hope, where a couple of thousand ounces have probably been dug out and taken to the local state battery. But this small operator's prospect that would be of no intertest to a commercial mining company.
There is only yellow dot that is of any remote significance, and this is the Fairyland mine (marked F in red above and named on the map below). This is not very significant though, and it is not something a company could mine on its own.
Fairyland was a small satellite open pit/underground gold operation mined by Barrick in the1990s. The small quantity of ore that it produced was trucked to their main Lawlers mill as subsidiary mill feed.
The Fairyland operation then ceased and is now closed.
And how big was the Fairyland gold mine? Not very big at all. It would never have been economic as a stand-alone gold mining operation:
Fairyland's original Measured+Indicated+Inferred gold resource was 150,000oz Au at a grade of about 3.5g/t
Fairyland's mineable Proven+Probable gold reserve was about half that:
84,000oz Au at a grade of about 4.0g/t. This is what all that would have actually been mined and put through the Lawlers mill.
None of those other yellow dots are of any significance at all.
So ignore the yellow dots. Only the mine symbols count. You don't want to find another yellow dot.
And interestingly, four more yellow dots have now appeared on the Mines Dept's GeoVIEW.WA database (see below).
These are Siberian Tiger, Bengal Tiger, Thylacine and Tysons.
And that tells you all you need to know about those yellow dots. They are not gold mines. They are reported gold occurrences. Mostly just gold prospects with no commercially significant gold production. The mine symbols are the only gold mines.
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