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Metals Exploration - Positive Rewsuls 30 June 2005

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milo78 - Mon, 19 Dec 05 :

Wolstencraft, you have obviously not read this latest RNS and all the others on Runruno. MTL have not just released data on one hole:
Let us look at the facts.
Extensive data from tunnel samples taken 5m apart from 1.8km of local miner's tunnels. These samples averaged 4.3g/t Au and 1100g/t Mo.
Previous drilling by Filam on the middle of the ore body which obtained only up to 30% recovery on the core but still obtained 1.4g/t Au.
The last announcement is on 3 not one Jorc standard holes. 2 by Placer Dome and one by MTL. They were drilled exactly where Filam drilled, so demonstrating Filam's flawed drilling.
These 3 holes gave 30m at 2.37g/t Au, 44m at 3.09 g/t Au, and 36m at 2.18 g/t Au.
This is obviously an opencast mine with wide Au seams. Perhaps Wolstencraft, you can tell us an opencast mine in the World with as wide seams and higher grades?
I suggest that you are confused between high grade narrow seams (low tonnage therefore) underground mining and high tonnage, lower grade open cast mining
As you can see there is a bit more info out there than one hole.
As you put no value on Mo, perhaps the investors in International Moly should pack up and go home


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