MDS 6.25% 15.0¢ midas resources limited

did you find out anything with regards to Paterson leases...

  1. 810 Posts.
    did you find out anything with regards to Paterson leases Bozena?

    the last qtrly suggests management are extremely confident of E45/3768 as a significant copper play.

    "The tenements are also in proximity to tenements held by Encounter Resources Limited and Encounter has reported significant oxide copper mineralisation at its BM-1 and BM-2 prospects. The key stratigraphy for copper mineralisation is the Broadhurst Formation, which is present in several of the Midas applications. The presence of a magnetic anomaly in the north of E45/3768 hosted by Broadhurst Formation and in close proximity to a major fault has also been noted by the Company and this prospect will be a high priority for exploration once tenements are granted."

    big opportunity for significant SP appreciation from these levels once the leases are granted
 
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