Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Oct. 26, 2011) – Mesa Exploration Corp. (TSX VENTURE:MSA)(PINK SHEETS:MSAJF) (“Mesa”) is pleased to announce that the company has acquired 23 line-miles (37 line-km) of historic 2-D seismic data covering the Green Energy and White Cloud projects in southeast Utah. The amount of data is significant and will be used in the interpretation of geologic structures, rock units and verifying a recently completed 3D model. The seismic lines cross the center of the projects and are close to several wells currently being drilled by a private oil/gas company. Mesa is discussing terms to acquire this logging data for the brine bed at the Green Energy project and the multiple potash beds at the White Cloud project.
