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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (43555)	5/4/2018 6:06:04 AM
From: Goose94	Read Replies (1) \| Respond to of 202843

Mineral Mountain Res. (MMV-V) the company has received "analytical results" from three of a planned 12-hole drill program at its Standby mine target in the Rochford district of South Dakota. (It is referring to assays; highfalutin language is often a precursor to down-to-earth results.) The assays included 2.8 grams of gold per tonne across 6.1 metres from the third hole of the program and two grams per tonne across 3.2 metres in the first test. The second hole yielded 1.1 grams per tonne over 6.4 metres. These new assays compare (not so well) with historical results that produced 3.36 grams per tonne across 24 metres and 10.23 grams per tonne over 3.05 metres. Nevertheless, Mr. Coughlan, executive chairman, and Mr. Baker, president and chief executive officer, say that the results confirm the "proof of concept" in the Homestake Gold Belt district, although they left it to the company's chief geologist, Curt Hogge, to offer the customary quotes in the company's news release. Mr. Hogge said that the 30-metre-wide Homestake-type mineralized core interval in the third hole "looks as good as any hole" that he has logged in the district over his 30-year career. He adds that the geology makes the untested potential downdip and down-plunge zone a compelling target. Investors, unfortunately, did not share his enthusiasm: The market sent Mineral Mountain's stock on a down plunge journey of its own. Mr. Baker, of Vancouver, has been president and CEO since 2010. He currently draws a salary of $69,000 per year. (Fortunately, he also runs a private geological services company on the side.) Mr. Coughlan, also of Vancouver, has been with the company since 2014. He receives $60,000 per year as executive chairman.