Khul Morit Property Endures Significant Potential to Host an Economic Deposit of Copper and/or Gold
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Business Editors TORONTO--(BUSINESS WIRE)--MAGR-- Reno J. Calabrigo, President and CEO of Magnum d'Or Resources, Inc. ("Magnum") (OTCBB:MAGR) is pleased to announce an updated report received for the Khul Morit property licenses. Work done on the Kuhl Morit licenses included detailed mapping and sampling, which outlined several copper occurrences that also contain variable gold content. A favourable environment for porphyry copper deposits are suggested by zoned alteration in conjunction with copper-rich base metal mineralization related to Paleozoic-aged intermediate composition and hydrothermally altered plutons. Fieldwork detailed the north and central portion of the property. This work revealed trench T-10 (located at the north end of Line 5800 E) contains 3.531 ppm Cu across 9 meters. Other nearby trenches such as T-9, T-11 and T-14 returned between 501 ppm Cu to 633 ppm Cu across 12 meters. Another area of interest is sample 186060 (located in the northeast portion of the grid area) where quartz-tourmaline breccia with minor limonite and trace amounts of malachite returned a value of 419 ppb Au. Geological mapping has revealed more than 2 square kilometres of pervasive alteration adjacent to a multiphase intrusive complex
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Glassman... Are you still in this? I remember last Fall, MAGR was a decent trading stock... enough to trade weekly anyway. The price was quite a bit higher too. Anyway, I forgot about it and seeing your post now just reminded me. Are you thinking MAGR will see .20s again this Fall? The pattern is predictable with MAGR. Low pps in summer, higher in Fall/Winter. Not a bad idea to invest here for an easy 3x your $$ by Christmas. salemm.
quote:Originally posted by glassman: nite just raised their ask...
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yeah i've still got a few "free" LOL shares, i've followed all the progress, they are finding what they expected, a lot of copper with some gold, we should see the same kind of action as last fall as more of the tests come in.... the O/S is up to 134 million so that brings the value down a bit from previous highs, but they have added several properties to their portfolio and are meeting the exploration requirements, so i expect a very good fall/winter here... remember Mongolia is close to China so delivery costs are greatly reduced, and the USSR already put in the roads and power plants so there is a lot of infrastructure already in place.... Good Luck...
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hey, gold goes up and gold goes down, but it's always in demand...LOL besides gold is the gravy here... copper is what runs the whole worlds electrical grid....LOL
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