News

January 08, 2008

Mount Burgess Joins The Queue At The Assay Labs

By our man in Oz

No-one enjoys queuing, but for most of us standing in line for a drink or something over the Christmas/New Year period is just a frustration, not a money-making matter. It’s different for Nigel Forrester and the shareholders of the company he runs, Mt Burgess Mining. Their queue snakes away from the front door of an assay laboratory which holds the core from the latest 42 drill holes sunk into the company’s Kihabe zinc and lead project in the southern African country of Botswana. In theory, and assuming the Geological Gods have not been playing games, those 42 holes will confirm an enhanced grade of mineralisation at Kihabe and back up a belief that the prospect is a potential company-maker for Mt Burgess. “We’re not alone, if that’s any compensation,” Forrester told Minesite just before Christmas about the long wait for assay results. “Everyone is suffering the same delays in the getting their drill results back.”

For Mt Burgess, however, the next set of assay results are more than just another technical report. They are potentially the information which could send the stock sharply higher, or see it wallow in that never-never land that all explorers fear. Quite simply, Forrester and Mt Burgess need a break that will end a 14-year drought since their last significant mining venture, and Kihabe is the resource most likely to deliver that break. The problem is that the project has, so far, revealed thick...