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Magnum Mining & Exploration Ltd.
Summary
| Project: | Cloncurry East | |
|---|---|---|
| Deposit: | Notlor | |
| Location: | Australia | |
| Commodities: | Copper-Gold | |
| Date: | 2/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-2-2018: Magnum Mining & Exploration Ltd. announces an Exploration/Drilling Update report for its Notlor deposit at the Cloncurry East project. Drilling results incl. 78m @ 1.36% Cu, 0.127% Co, 0.55g/t Au from 22m. Magnum CEO Grant Button said: “These i | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Howard Dawson (Internal) | |
| ABSTRACT: | Magnum CEO Grant Button said: “These impressive results build further on the initial results from King Edward reported last month, further identifying the exceptional copper and cobalt potential at Cloncurry East. “Our maiden drilling program has clearly demonstrated the potential to establish copper-cobalt resources in close proximity to the regional centre of Cloncurry. The strategic location of our tenements close to infrastructure enhances the potential value of this project for Magnum.” Further to the results reported from the King Edward prospect on 22 January 2018, Magnum Mining and Exploration (ASX: MGU) is pleased to announce further highly encouraging initial assay results from drilling completed in December 2017 at the Notlor Prospect, part of its Cloncurry East Joint Venture with Exco Resources The results confirm the significant prospectivity of the Cloncurry East Project for copper, cobalt and gold mineralisation, with significant assay results having now been returned from two prospect areas. Magnum’s Cloncurry East Project consists of two tenement groups, both located between 10- 20km east of Cloncurry in North West Queensland. The Project lies within the highly mineralised Mt Isa Eastern succession with nearby mining operations and advanced projects including Ernest Henry (Cu-Au), Monakoff (Cu-Au-Pb-U), Great Australia (Cu-Au), Rocklands (Cu-Au) and Dugald River (Zn-Pb-Ag). The Cloncurry East Project area is at an advanced stage of exploration and is considered to be highly prospective for iron oxide copper gold (“IOCG”) +/- cobalt mineralisation and variants of this style of mineralisation. | |
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