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5034 found 18 diamonds greater than 80 points in 104 tons of ore. Tuzo found 10 diamonds greater than 80 points in 48 tons of ore. The equivalent number for Tuzo in 104 tons would be 21.6 diamonds greater than 80 points, thereby surpassing 5034 by 20 percent. Additionally, the grade of 2.24 carats per ton is much higher than 5034 , which to date, has a known grade of 1.5 carats per ton. Tuzo results are right in line with management expectations and reflects well on the credibility of management with regard to accurate information. These numbers are submitted to MPV by Monopros, so their credibility is unquestionable. To me, it looks like Tuzo will end up with a mininum of 110.00-120.00 per ton ore values, assuming that Tuzo diamond values are equivalent to those of 5034(a reasonable assumption), and I think this will prove conservative. The results are excellent and represents the beginning of proving up the ore values for this company. Results from the other 3 pipes will be forthcoming within the next several weeks, and I think it would be safe to assume that they will come in in line or better than expectations, given the accuracy of management with respect to Tuzo results. Additionally, MPV will be conducting, through Monopros, an extensive summer drill program for additional exploration potential A lot is going on with MPV, and it all appears to be quite positive. |
