Mantle confirms consistent high grade gold mineralisation at Morning Star
Published 15-MAY-2017 15:09 P.M.
2 minute read
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Mantle Mining Corporation (ASX: MNM) has received encouraging news in relation to its Morning Star and Rose of Denmark gold mines in Eastern Victoria.
Having completed a structural reinterpretation and historical review of the high grade Kenny’s zone in the Morning Star gold mine, MNM has been able to ascertain that it is distinguished by the substantial quantity of very high grade gold intercepts, featuring drill results of up to 17,608 grams per tonne gold.
While this particular intercept was of a very narrow width of 0.15 metres, management noted that the high-grade intercepts occur over a recognisable zone of approximately 150 metres by 50 metres where no mining and little underground sampling has taken place.
Consequently, the company sees the prospect of regular high grade mineralisation at the deposit. This view appears to be validated by some of the larger widths which included 1.5 metres grading 38.6 grams per tonne.
Commenting on this development, MNM’s Chief Executive Tom de Vries said, “The abundance of high-grade intercepts in the Kenny’s zone gives us further encouragement for the mining potential of this zone, and it is encouraging that this zone is already accessible from existing underground mine development”.
It should be noted here that this is an early stage play and investors should seek professional financial advice before making an investment decision.
Consequently this zone is a priority target for further underground sampling and development as the company works towards the reopening of the Morning Star mine.
Historical data suggests recent exploration results are consistent with previous mining characterised by multiple narrow zones of high-grade veining which made the area at the northern end of the Whitelaw reef one of the best high-grade producing zones in the Morning Star mine.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.