MGU 30.0% 1.3¢ magnum mining and exploration limited

Ann: Cloncurry East Project, Drilling Programme Update, page-2

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  1. 3,010 Posts.
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    So drilling ahead nicely at Cloncurry East, with the first of the Notlor assay results due mid-December.

    Looking forward to them ...and Salebury to follow!

    It was only a review of the historical dataset that alerted our guys to the ground's prospectivity for Cobalt. Broad zones appear to contain 300-500ppm Cobalt with enriched sections grading between 1,000 (0.1%) – 3,000ppm (0.3%) Co.

    Since Salebury already boasts an initial (2004 JORC) indicated and inferred resource of 1.3 million tonnes grading 0.9% Copper and 0.5g/t Gold, and Notlor appears similarly endowed by grade ...and both are open at depth and along strike! ...decent Cobalt hits could put a real rocket under project economics here.

    Every possibility of exciting new discovery.
 
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