Morning Star Gold NL     (ASX: MCO)

MCO is a listed gold explorer and mine developer, focused solely on historically known high grade gold production targets in the rich Eastern Victorian Goldfields at Woods Point, Victoria, S.E. Australia. The Woods Point Gold Project is located 120km east-nor-east of Melbourne adjacent to the historic gold town of Woods Point and is accessed via the picturesque Yarra Valley & Marysville.

The Woods Point Dyke Swarm and nearby Walhalla together comprise one of the most significant gold fields in Australian history. Known production was 155 tonnes or ~6 million ounces of Gold since the early rushes. Production grades were close to an ounce per tonne. Morning Star Gold has dewatered & rebuilt the shaft and upper drives of the famous ‘Morning Star’ mine to complete ~5kms of underground diamond drilling to date, targeting areas of the mine which were largely unexplored by Gold Mines of Australia (WMC) between 1934-1959. The primary exploration targets are in an area coined the 'Gap Zone' between existing Levels 7-15 of the mine (~250-500m depth). The Gap Zone contains ~60 Million Tonnes of diorite-dyke host rocks with only 6 historic drill holes recorded.

Morning Star Gold holds the largest aggregation of Exploration and Mining Licences in the Woods Point Dyke Swarm with over 220km² tenements. Historical production from MCO's tenements is ~2 million ounces of gold. Morning Star is modelling its regional dykes in order to assess an overall endowment of resources. Key initial targets proximate to the Morning Star mine are the Waverly, All Nations, Rose of Denmark and Loch Fyne dykes, all of which historically produced high grade gold, much of it gained from shallow workings above the water table.