3rd Hole, page-29

Here is view of Locantro.com on the second hole :

LOCANTRO'S LIFE: MINOTAUR EXPLORATION (MEP) 2nd hole results......still very much game on
"Dear Subscriber,
The second hole at Artemis has thrown up some surprises as geology often does, however please note that in no way do the results from the second hole downgrade the discovery.

The best way to describe the drilling is to picture a cigar and imagine the top part is wet from the smoker and here you have the calcite and elevated levels of lead-zinc and silver. These weren’t minor numbers either but of significant grade, but obviously less conductive than the first hole. It is also very shallow and could have value as ore and not overburden or waste material. There is a transition zone (20-30m) and this might be 10-15m from where the second hole was drilled. The transition involves zinc-lead dominated sulphides into copper-gold-zinc massive sulphides.

The DHEM has confirmed a far more conductive body at depth and the current deep hole that is in progress is aiming for the chalcopyrite zone of the hole that has the potential to be a result of massive sulphides and hopefully a repeat of the copper-gold grades seen in the first hole. More importantly the “Eloise” style analogy remains. We will only know once the rotary lie detector hits the zone but the EM and DHEM have worked extremely well thus far regardless of the lower chalcopyrite in the upper zone.

MEP also intend to drill EVT56 and EVT49, so there is plenty of activity over coming months.

Those expecting higher copper-gold grades in the shallower hole may have sold out but I doubt many traders/speculators would have the knowledge and/or patience for anything less than a spectacular hit on every hole."

Here is Tony Locantro's view on the 3rd hole:
LOCANTRO'S LIFE: MINOTAUR EXPLORATION (MEP) No downgrade to Artemis despite market reaction

"Dear Subscriber

Starting to feel like I have been through this experience before. Get off a plane and into a sell off in MEP after they put out results that have confirmed not only the potential for an “Eloise” style deposit,  but are just as significant as the initial hole that fuelled the excitement in the first place. The true width is 4m wider than the discovery hole, and it shows that they could have just hit the tip of what may prove to be a copper rich resource.



Clearly some were expecting the mother of all “hits” hence the market selling off but this is all part of the risk/reward process and being involved in speculation. I would expect the selling pressure to gradually ease, and as we saw with the second hole a recovery of sorts, although this one might take a bit more work.



I am looking forward to further information and the future work plan which should be released shortly. Shame about the market response but this is all about building an ore grade resource of value, rather than catering for nervous day and short-term traders.

I spoke to Tony. He is to my mind one of the best around at this game and is well informed. Nobody knows wots in the ground though. He feels "the market doesn't get it".

No bonanza but listening to BRR and the MD with a bit of luck the strike length may increase. Lets hope no issues with Trad Owners' approval. The 3rd hole - same characteristics as hole 1, has provided evidence of depth and another poster has commented we need strike length. The MD on BRR was quite bullish on that this morning. I will top up if it falls much lower. I think this crew know what they are doing - unlike many others. Tony Locantro thinks highly of management too.

ps I have written approval from Tony Locantro to copy his comments to his subscribers.