Worth a look at .40 52 week high of .57. good daily volume. Going up when most are going down.
VANCOUVER, Jan. 10, 2007 (Canada NewsWire via COMTEX News Network) --
Mediterranean Resources Ltd. (TSX-V: MNR) (the "Company") today announced final drill results from the Karsibayir, T-6 Valley and Ugur mineralized zones on the Tac gold property now 100% owned by the Company.
Significant gold intersections returned from diamond drill holes drilled in the Karsibayir, T-6 Valley and Ugur zones. Notable among the results is Hole TD-93, which intersected a near surface interval of 24.5 metres grading 6.99 g/t Au including some very high grade gold zones returning 35.99 g/t Au over 2.9 metres, 68.7 g/t Au over 0.4 metres and 52.50 g/t Au over 0.7 metres. TD-93 is located on Karsibayir and was drilled to a depth of 253 metres on a -60 degree dip angle approximately 100 metres below and 220 metres along strike southeast of TD-98 which, in turn, was drilled 50 metres below and another 150 metres along strike and southeast of TD-95 located on Karsibayir hilltop.
TD-95 and TD-98 were drilled vertically to depths of 323 metres and 230 metres respectively. TD-95 also showed the presence of very high grade narrow fault related zones that returned up to 171.0 g/t Au over 0.2 metres and 63.1 g/t Au over 0.2 metres. TD-98 intersected an interval of 23.6 metres grading 1.45 g/t Au including several narrow high grade zones up to 31.1 g/t Au over 0.2 metres.
The results from the Karsibayir, T-6 Valley and Ugur mineralized zones continue to reveal the extent and continuity of high grade mineralization along a one kilometre strike length determined in the 2006 drill program. Peter Guest, Mediterranean President and CEO said, "These final assays are a positive conclusion to our 15,000 metre drilling campaign in 2006. By establishing an overall strike length of 1.5 kilometers, we have exceeded our expectations and anticipate a positive impact from the inclusion of these results in our soon forthcoming NI 43-101 compliant resource calculation."