Australian (ASX) Stock Market Forum

Reply to thread

Re: MTN - Marathon Resources





Kgee, you been quite since we sorted out the whole Hetigage issue,


But according to their presentation Mt Gee driling is still underway,


How much longer? Don't think it can be too much longer they started in Early Feb, its been almost 2 months the drilling should have been finished by Mid March, give 2-3 weeks for lab assays and stuff sets this week or next at the latest as an announcement time.


The principal purpose of the program is to investigate extensions of the deposit as the current model suggests its further continuation in each direction. The drilling will also increase confidence in the results of drilling by

previous explorers, and enhance the resource estimate through the provision of additional data.



My guess is they're feeding assays into Computer Modeling to build new resource Calculation, which will have a much higher confidence, ie move more to indicated category.


Top