MEU 4.88% 3.9¢ marmota limited

No Mention of JORC

  1. 439 Posts.
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    Another high reading in the Assay of the 1M samples and not much impact

    on the share price. Jumped a little but back tracked to it's opening 

    quote again. Not a mention that they were going ahead with a JORC although

    you would imagine that they have enough data to strike one. All efforts appear

    to be channelled towards finding the main lode . In doing that however  they are

    expanding the grid which isn't a bad thing and lately the grid has become  much

     bigger being wider , longer and still very shallow. 

    Back in 2014 Apollo Minerals had 75% of Aurora Tank and 100% of Mars in the

    Mars Aurora Tank JV .Early work on the JV likened the mix of minerals  to be very

    similar to Prominent Hill in the same early stages. The Mars tenement is adjoined

    to Aurora Tank at the Southern end and lets hope the mother lode does not go into Mars.

    All earlier work was focused on the Aurora Tank so lets hope we still have the better

    chances of scoring the lode if one at all. OK so no JORC which means more drilling

    in the months ahead. Must be running low on Cash again to finance further drilling 

    so a Capital Raising looks very likely. What would be the harm in cashing  in on some

    of the shallow gold to self finance further drilling costs. Cant work that one out.

 
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