What is the potential Resource Target of Morning Stars tenement holding?
The Company is currently conducting a detailed study in order to rank its key regional tenements other than the Morning Star mine. This is being conducted by Dr. Peter Jackson and is designed to ultimately determine an overall resource endowment in MOC’s 220km2 tenements and to continue developing key resource targets in turn. In July 2008, Morning Star released its maiden preliminary JORC Resource of 910,000 Ounces of Gold. This was purely for the Morning Star mine and Morning Star Hill above the mine’s poppet head. MCO is confident its Regional Exploration Program will see this resource ultimately grow. Regional diorite/gabbro-dykes, which were in many cases high producers of gold from shallow workings mostly above the water table, are numerous on MCO tenements. Key primary targets include All Nations, Waverly, Rose of Denmark, Hunts and Wallaby mines.
