Historical Production

Morning Star's current tenements produced at least 1.8 Million Ounces of Gold. The majority of producing mines in MCO's tenements, were worked only above the water table. The Morning Star is an exception, having produced gold historically ~700m below the water table to a depth of 940 metres. Diamond drilling beneath 1km has returned mineralised gold assays historically.

MCO Tenement Map & Production History (102.84 Kb)

 

*** IMPORTANT UPDATE - MCO TENEMENT AREA INCREASES TENFOLD TO ~220km2. ***

Morning Star Gold received from the D.P.I. Victoria confirmation of granted Exploration Licences and Mining Licences covering over 220km2 of highly prospective 'Woods Point Dyke Swarm' tenements. This is a huge increase (over tenfold) in Morning Star's areas. (see PDF above)

MCO received confirmation of its newly granted Mining Licences (ELs and MINs) covering the three major 'shear zones' running northwest from Woods Point. These zones run along the Ross Creek Line, the All Nations Line and the Tingha line of dykes and workings. Many mines exist within these new Mining Licences and two ELs, some of which were mined for rich returns of Gold from shallow workings historically.

Additionally Morning Star has purchased MIN5299 known as the 'Dempsey Licence'. This current Mining Licence contains the historically rich Dempsey, Hunts and Rose of Shamrock Mines which have produced ~87,000ozs Au - some recently.

The areas shaded pink on the tenement map diagram (see PDF above) are now officially granted Mining Licences, most adjoining the Morning Star MINs (licences) or adjacent. The newly granted Exploration Licences, of which there are two, are also 100% held by Morning Star Gold are depicted in orange.

Indigenous Land Use Agreements (ILUA) are agreed and signed by MCO and the traditional owners of MCOs tenements over the entire tenement area. They were recently registered in the Federal Court in perpetuity. Morning Star Gold is the first company to have made such agreements under the NNTT ever. This strengthens MCO's tenement position greatly.