MAS Gold (MAS-V) has received assays of up to 14.38 grams of gold per tonne over seven metres from the Point gold prospect on its Preview Lake property, northeast of La Ronge in north-central Saskatchewan. The assays, from the first two holes drilled this winter, returned 9.27 grams per tonne over three metres in the other hole, with subsequent, slightly deeper hits of 4.66 grams per tonne over two metres and 5.09 grams per tonne over three metres. Assays are pending from another 11 holes, including nine tests designed to test the downdip and northward extensions of the mineralization.
David Tupper, the company's vice-president of exploration, says that he and his crew were "very excited to present these new drill results." (The stock nosed higher on the news initially, but the market's lethargic and lower close suggests that investors were not as excited to receive the results.) Mr. Tupper says the assays highlight the potential of the "long-overlooked but significant" Point gold prospect, and the prospectivity of the La Ronge gold belt generally, adding that the new assays and increased confidence in historical results are an important step in establishing a resource estimate for the Point deposit.
Mr. Netolitzky, a veteran Howe Streeter and the company's chairman and chief executive officer since 2011, does not draw a salary or collect fees from MAS. An old-school promoter, he earns his keep through stock options. Unfortunately, the company's stock chart shows that his opportunities have been limited in that regard. |
