From the midwest website on their adjacent robinson range tenements. Looks to be some future value in being adjacent to a company like midwest, lot's of piggy back synergies for gpn, aurium jv , midwest are doing explorations and there should be a lot of synergies and data association with their announcments. Also some possibility for increased value if Midwest and or it's larger shareholders interested in acquisitions....
A map from their website...
http://www.midwestcorp.com.au/images/map/map-robinson-range.jpg
"Robinson Range
Koolanooka Blue Hills Tenement Map
Midwest is in the early stages of exploration at its Robinson Range project, approximately 120km north of Meekatharra, in Western Australia, which it is developing for iron ore and manganese potential.
A recent detailed mapping and surface sampling programme produced rock chip samples which returned average assay ranges of 59.2% to 63.4% Fe with acceptable levels of deleterious contaminant elements occurring over substantial strike lengths.
Although these results represent the early stage of exploration, it is noteworthy that the surface samples imply that further exploration is justified over a substantial area. Additionally, Robinson Range's proximity to Jack Hills and Weld Range means that any economic Mineral Resource confirmed at Robinson Range could be transported using the same rail and port infrastructure available to transport Weld Range and Jack Hills ore.
Midwest has also acquired ML52/244 at Robinson Range which is a known previous source of high grade manganese in the Robinson Range area. Midwest has identified other mineralised outcrops of manganese on tenements at Robinson Range, and a drilling programme is scheduled to commence in the third quarter of 2008 to delineate resources. Midwest will be evaluating the opportunities to develop a small scale manganese mining operation using the existing infrastructure at Geraldton Port for the current Koolanooka/Blue Hills operation."
and from the company agm presentation in April 08......
"Significant Exploration Potential
• Hematite DSO and manganese potential
Key Milestone Targets
Field mapping and chip sampling 59.2% - -63.4% Fe over significant strike lengths
Initial drilling campaign for Robinson Range planned for 2008
Start up manganese operation scheduled for Q3 2008
Initial resource (Q4 2008)"
All good for adding value to GPN and it's joint ventures in the robinson range . GPN's upside looks equal to or greater than midwests at Robinson but time will tell I think.
My "buy" sentiment is increasingly looking like becoming a "strong buy" but will wait to see what the head office comes up with first. The more I research the iron-ore and/ or manganese potential value of GPN's prospects in the Robinson Range, the more I like what I see.
more to come.....
GPN
greater pacific gold limited
