MEP is one of those special few exploration companies that provide a very high standard of information for investors. This ASX release is richly concise yet perfectly detailed. It reeks of potential wealth for those who speculate on early exploration results:
'Jericho comprises multi-plate EM conductors with the J1, J2 and J3 conductive zones covering combined 8km of strike (Figure 2). One hole tested the southern end of J1 and 7 holes in the central section of the anomaly tested parts of the J1, J2 and J3 conductors.'
Or how about this: 'Copper-gold intersections at multiple locations along 300m of strike within the J1 and J2 conductors confirm the pervasive nature of mineralisation (Figure 3-5).'
And if you want a summary then try this: 'Results to date are on par with early drill holes prior to discovery of the nearby Eloise deposit by BHP, providing guidance that Jericho exhibits potential to host a similar scale deposit.'
Definitely one to watch in 2018!
Broosta
MEP Price at posting:
9.4¢ Sentiment: Hold Disclosure: Held
