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Ann: Encouraging Results from Second DD Campaign at Maintirano, page-6

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  1. 15,831 Posts.
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    Geez, sounds good to me.
    Where's the buying? Look at the cap peeps.
    Blina Minerals
    NL (“Blina”
    conducted another campaign of exploration
    due diligence
    during the last qu
    arter of
    2018
    on
    the
    Maintirano Copper
    Project
    ,
    a strategic landholding of
    1,757 square kilometres in western
    Madagascar
    .
    Blina has a
    signed Option Agreement with Madacu
    Resources Pty Ltd (“Madacu”
    and is
    conduct
    ing
    due diligence studies
    .

    Fifteen
    more rem
    ote
    copper occurrence
    s were visited and
    59 samples
    collected and assayed. The
    chemical
    analyses
    r
    eceived in December
    2018
    returned
    high
    -
    grade
    values
    with one sample registering 37.5%
    c
    opper and 33ppm
    s
    ilver
    , and
    a total of 8 samples registering in excess
    o
    f 5%
    c
    opper
    .

    High grade samples seem to coincide with steeply dipping veins which
    contain secondary copper carbonates, chalcocite and cuprite. Samples
    with more than 15%
    c
    opper content were collected from 3 different
    geographical locations over 10km distan
    ces away fro
    m each other,
    supporting the theory of a large
    -
    scale system.

    Blina recogni
    s
    es the importance of the veins (containing observed
    c
    halcocite and
    c
    ovellite) as excellent target for the planned aerial
    magnetic survey and is confident to discover a
    number of additional
    veins under cover for subsequently envisaged reconnaissance drilling.

    Blina is optimistic the planned aerial surveys will discover additional
    vein systems as the Maintirano area has not seen any sophisticated
    exploration methods applie
    d, all recently visited occurrences were
    predominantly “discovered” by pastoralist by coincidence, in partly
    very remote areas.

    Based on the recent observation it is assumed that the vesicular lower
    grade occurrences are fed by veins not necessary reachin
    g to the
    surface but could potentially be located by aerial magnetic methods
 
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