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
BDI Price at posting:
0.1¢ Sentiment: Hold Disclosure: Held