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1.3¢ magnum mining and exploration limited

Ann: Cloncurry East Project Farm-in Announcement, page-6

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alimak

734 Posts.

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01/09/17

10:48

Post #: 26924649
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Originally posted by Nowhere Man ↑

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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Nowhere Man.....any idea when emerald news/updates due?

I see lots of upside with the CEP but the lack of liquidity in the stock is a problem. BOD need to start spreading the news and enlighten the market.

First round of drilling will hopefully stir things up a bit, and some nice emerald announcements may bring MGU to the attention of the market

MGU Price at posting: 5.8¢ Sentiment: Hold Disclosure: Held
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