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How miners grade mineral discoveries, page-7

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cobalt play

788 Posts.

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10/10/18

08:27

Post #: 36061503
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Originally posted by catscatscats ↑

BMR is talking up McARA as a large commercially viable Cobalt Mine in their IPO doco, that's in the cobalt camp and they only just finished the drill?

One sec checking location - yup it's in the belt. They are using that as a basis for the IPO

BMR's exploration resulted in a maiden NI 43-101 resource at our McAra project. The McAra project is one of BMR's ten district prospects in Canada. It is a narrow high-grade deposit, open at depth with additional prospects to the west and south. Large, intense magnetic and radiometric anomalies indicate the potential for widespread cobalt mineralization.
BMR's focus on over 5000 meters of cobalt-oriented exploration drilling has outlined two parallel zones of outcropping cobalt sulphide veins, breccia and massive sulphides at McAra. The McAra target has and will continue to be the focus of intense exploration.
Recent Exploration Activities at McAra
An extensive drill campaign is underway to continue exploration. The cobalt grade comparison of McAra relative to peers indicates the potential of the asset.

Source: BMR. McAra grade relative to peers.

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Thanks..McAra 1.27% average is very impressive...Their website doesn't mention how many million tons the resource it is so we aren't able at this point to know how many thousand contained tons of cobalt they have drilled....

MEI Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
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How miners grade mineral discoveries, page-7

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