MPJ 0.00% 0.0¢ mining projects group limited

.007 wall about to fall, page-28

  1. 601 Posts.
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    This is the kind of news paper clipping I want to read within the next few weeks with a big MPJ in the heading.

    From todays West Australian.

    Shares in Boadicea Resources climbed as high as 279 per cent this morning after the explorer reported hitting sulphides at its Symons Hill project, a nearology play near Sirius Resources’ Nova find.
    Melbourne-based Boadicea placed its shares in a trading halt at 21.5 cents on Friday, and they shot out of the blocks this morning to hit a high of 60 cents before the bubble deflated and its shares came back down to trade at 35 cents at 9am.
    The sulphide discovery is 6km north-east of Sirius’ Nova-Bollinger deposit, the 2012 find which sparked a rush to the Fraser Range.
    The project was passed on last month as part of Independence Group’s $1.8 billion takeover of the company.
    Contractors DDH1 Drilling intersected disseminated sulphides from 499.05m to 506.6m down-hole at the Red Cap prospect, part of the Symons Hill project.
    Boadicea said sulphide zones of drill core have been submitted for laboratory analysis and assay results are expected in two weeks.
    The company is planning a down-hole electromagnetic survey to plan further drilling.
    The Clarke Dudley-led Boadicea, which listed on the ASX in October 2012, claims to be the only public company with an exploration license adjoining north-east of the lease containing Nova.
    The Fraser Range, on the edge of the Nullarbor, is arguably Australia’s hottest exploration property.
    But currently Classic Minerals’ Mammoth prospect is the only known significant deposit of nickel-copper mineralisation outside of Nova-Bollinger. - NOT FOR LONG
 
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