Ann: CLY Secures Key Cobalt Licences Next to Bou Azzer Mine, page-40

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ddzx

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11/04/18

14:01

Post #: 32377984
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Originally posted by kellbys ↑

May not be as good as they say???

"The Bou Azzer district comprises a series of small Co-As-(Au) vein deposits in the Anti Atlas Mountains of southern Morocco, 320 km east of Agadir.

The Co-Ni-As-(Au) ores of the Bou Azzer district are hosted in variably steep shear zones which occur mainly at or close to the contact of serpentinites with other rock types. Mineralisation has been traced locally for ~1 km within structures that can be followed for up to 5 km. Individual veins and lodes that make up the ore zones are usually between 0.2 and 2 m wide, and have lengths of 30 to 120 m along strike and extend down dip for 20 to 300 m. The pristine ore mineral assemblage mainly consists of Co-Ni-Fe arsenides and sulpharsenides.

Since 1933, 55 000 tonnes of Co and between 2 and 5 tonnes of gold have been produced. Currently (2008), about 150 000 t of ore with grades of ~1% Co, 1% Ni and 3 to 4 g/t Au is mined annually from several mines in the Bou Azzer district."

http://www.portergeo.com.au/database/mineinfo.asp?mineid=mn615

"1,200 miners are working under conditions akin to slavery, more than six hundred meters below the surface without any safeguards against the risk of landslides.
The mine operator is Compagnie de Tifnout Tiranimine (CTT) from the Managem industrial group. The mine is situated 120 Km south of Ouarzazate. It has a yearly production capacity of 2000 tonnes of Cobalt and employs between 1200 and 1600 people."

https://ejatlas.org/conflict/illegal-animal-traficking-iraq

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check the history on FEL people. while I posted i was profit taking & it might be a pump & dump, @kellbys was ramping FEL to the stratosphere; believing in their error of judgment that FEL had cobalt.

CLY is looking for cobalt in prospective ground (which is different to @kellbys claiming FEL actually had cobalt)

Last edited by ddzx: 11/04/18

CLY Price at posting: 0.5¢ Sentiment: None Disclosure: Held
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0 Great analysis

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Ann: CLY Secures Key Cobalt Licences Next to Bou Azzer Mine, page-40

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