MRD 0.00% 0.1¢ mount ridley mines limited

Ann: Exploration Update, page-17

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  1. 407 Posts.
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    What's not to like?
    1. First unambiguous bedrock conductors identified from ground EM, using the same system Sirius were running over their ground. the key phrase is "at least 150m" down dip extent. That put the bottom of the plates 350-400m below surface - the limits for the technique to see any conductors in this sort of terrane. Who knows what may be deeper.
    2. No evidence so far for formational or spurious conductors - not to say they're not there somewhere, but haven't been seen yet.
    3. Drill hole relatively nearby with the right rocks and the right sulphides.

    No guarantees, but they're planning to drill, and rightfully so.

    This is exploration folks. It's all about joining the dots. It took Sirius 3 years of doing exactly this style of exploration to find Nova, and even then they nearly walked rather than spend their last dollar winging their last 3 holes on a blind EM anomaly. The current MRD management have been at it 7 months. All those that want instantaneous 100% certainty should invest in the banking sector instead. The rest of us optimists will take whatever sniffs of encouragement we can get.
 
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