MPJ 0.00% 0.0¢ mining projects group limited

MPJO on the move, page-16

  1. 2,267 Posts.
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    Actually BUX SP went to 28.5c on 10/08/15 with ann of 3.05%Ni from 47m deep. Interestingly, this strike occurred only 2 days after ann of drilling:

     - Drilling has commenced at the Double Magic nickel-copper project in the West Kimberley
     - Eight separate conductors to be tested in ~2,500m RC drilling program
     - Targets include conductor D with a conductance of up to ~15,000 siemens

    They announced drilling on 4/8, TH 6/8, results 10/8 !? Hmmm... BUX then quickly raised $2m via an oversubscribed placement @ 19.5c for: 

    An intensive technical program of results assessment, field mapping, on-ground geological interpretation, structural analysis and several types of geological surveys (including down-hole EM surveys and possibly high powered ground EM surveys)

    Since then nothing of note. Certainly a different methodology to that employed by MPJ who seemingly won't target drill until the tenement has first been fully surveyed (be nice if they'd just stick a drill into their chief suspect ). Or maybe this is why BUX has now faltered - not enough groundwork preparation.
    Last edited by pow4ade: 24/09/15
 
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