Gold Juniors

[JBmurc]

Well for one I've gone off the idea of MKO - EAR merger ....for me a J.V toll treatment deal would work much better for MKO holders imho unless the merger price is right (certainly no higher than current value)....why because EAR only has great drill results to date ...No JORC so zero Gold reserves yet ..so EAR needs to spend a good chunk more cash on drilling and then PFS and mining and environment permits before any J.V deal
much rather let EAR dilute than MKO


Time frame... well by the sounds of it MKO have another 6000m of exploration drilling very soon to be underway and for sure be able to increase their 270koz resource ...

Sounds like they have a very interested party that wants not only a stake in MKO but access to the plant to toll treat ore >>also they had the beast 2.3mtpa Bronzewing plant up and trail running only days ago and it seemed to be in order >>

Fact is MKO is in the right place at the right time ...surrounded by stranded Gold resources in the heart of the Gold fields ..

[penn]

Nice work thanks JB. The (warmorangemetalsite) is off-line, and I wanted to say what a nice presentation from MOY this morning.

[babymonster]

Hi JBmurc, any small gold companies on your radar lately? apart from MKO...

[JBmurc]

was looking over EXU LSR recently ....have really only scratched the surface ....both seem to have pretty good potential

[babymonster]

thanks for that I will have a look too

[babymonster]

lsr just had a sheety result... esr looks more promising in a shorter time frame?

[JBmurc]

IRC worth a look old PXG MD jon price at the helm ...marketcap 12mill(3mill in listed investments) ...should see some gold production in the DEC qty

http://www.proactiveinvestors.com.au...ect-67778.html

• Australian gold sector remains strong, declining A$ and costs of production
• New team focused on consolidation, growth and development in the WA goldfields
• Expanding JORC Resources – 3.94Mt at 2.66g/t Au for 337,370oz1
• Development ready Teal gold project fully permitted 12km NW of Kalgoorlie
• Narrow vein high grade underground focus to support mill installation at Menzies
• Acquiring value accretive projects within the Menzies – Kalgoorlie corridor
• Potential to develop significant long term production pipeline
• $1.7m cash, liquid investments and potential to monetise non-core assets
• Early stage value proposition with low EV, tight capital structure and near term
production
.free carried by muti J.V


http://www.intermin.com.au/

[penn]

MOY
very good early stage drilling results today, (up 20%) on this news, but with pog up overnight - looks to have further upside.

Drilling hits extensive high-grade gold at three separate Nullagine deposits
Outstanding results of up to 1 oz per tonne to be included in
a revised Mineral Resource Estimate and Ore Reserve


Millennium Minerals Limited (Millennium or Company – ASX: MOY) is pleased to advise that it continues to generate outstanding exploration results at its 100%-owned Nullagine Gold Project
(Project) in WA (Figure 1), with the latest drilling returning hits of up to one ounce per tonne
from three separate deposits.
Millennium has three RC drilling rigs operating at the Project and one diamond rig to assist with
delineation of new Mineral Resources and Ore Reserves.
As part of this exploration campaign, Millennium has made a significant new high-grade discovery
at Anne de Vidia and recorded strong results from extensional drilling programs at the Roscoes
Reward and Otways deposits (ASX Release 22 February 2016).
This latest round of drilling has focused on near-mine opportunities at the All Nations deposit as
well as first-pass RC programs at Round Hill and Gambols Hill, both of which are located close to
existing mining centres at Nullagine.
Millennium Chief Executive Glenn Dovaston said the exploration program stood to create
significant value for shareholders.
“Given that we are now debt-free and own our processing plant, the free cash flow which will
stem from exploration success is substantial and will in turn create more opportunities for
Millennium.
“In light of our enviable position, these latest results are great news for Millennium shareholders.”

[babymonster]

you guys heard of Peel mining (PEX)?

[penn]

looks to be an illiquid stock, But IF the drill- finds good grades at apollo hill, in the next two weeks, would/ could go pow!
(DYORIHANIWIATA)