MGU 30.0% 1.3¢ magnum mining and exploration limited

Ann: Cloncurry East Project Farm-in Announcement, page-4

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
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  1. 3,010 Posts.
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    Yes, Temple7, and today's Announcement is a great first step.

    By outlining hitherto unrecognised zones of significant Cobalt enrichment within the CEP, the Company's systematic review of the historical data-base suggests there may be some exciting icing on the Copper-Gold cake here.

    We'll discover more from the proposed exploration and metallurgy programme scheduled for October, but the identification of broad zones containing 300-500ppm Cobalt - with enriched sections grading between 1,000 (0.1%) - 3,000ppm (0.3%) - has huge potential to enhance project economics.

    Plenty more news to come.

    And remember, Cloncurry is a second string to the bow for Magnum, whose Gravelotte/Cobra emerald project will be bulk sampling shortly.
 
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