Update on MED as per an "unknown" director...LOL Actually I just cant divulge who it is...
MED is hiring a German/Swiss IR firm who will be taking the MED story to Europe. They feel that the location of the play will garner good interest over there. They plan on a media blitz first and then follow that up with 3 to 4 roadshows which will include MED personnel . They will also be doing site visits with NLWs and institutional investors.
He says that it was felt that it was a bit too early to do a promo but now with two JVs underway and results pending they are ready. They will also be calling NA based media and getting the story out in more detail here as well. Print ads out in British media shortly to kick things off. Some garble about wanting solid longer term investors and not just a two day spike in share price...LOL makes sense ,,I guess.
Also they have apparently got some real faith that this amended interpretation of the deposit is accurate and they are expecting the drilling to verify it.
Dan James, the president of Medgold, said: "Recent work at the Lagares gold project has been very encouraging. We have identified high-grade mineralization at surface and underground, but more importantly, our work has led to a new geological model and interpretation of historical results from the project. Several phases of historical exploration have been conducted on the property. Using the historic drill data and underground mapping, and our new interpretation of the controls of the mineralization, we believe we have significantly increased the potential for the area. This is supported by our reconnaissance work and geochemical sampling, which have identified strongly altered rocks and mineralization extensive over a strike length of four kilometres. Our field teams are carrying out a systematic exploration program to further develop the geological model and its potential link to a significant and large-scale mineralized system."
Medgold's work has completely revised the apparent controls on gold mineralization and has put the project within a larger-scale geological context. The revised model assumes that the main controlling feature is a normal fault, which is typically mineralized. Associated with this fault are stacked, antithetic, shallow-dipping fluid conduits which are also mineralized. The Railway fault is now interpreted to be a series of parallel normal faults, rather than a single fault, which therefore allows much greater fluid introduction and increased gold mineralization. Lastly, it was previously thought that the footwall of the fault was unmineralized, but the company's reinterpretation shows that some of the best and highest-grade mineralization is located in the footwall, hosted in breccias and commonly bounded between the intrusive contact and the Railway fault. This combination of parallel normal faults in the hangingwall with associated antithetic veins opens up significant resource potential. |
