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Magnum Mining & Exploration Ltd.
Summary
| Project: | Cloncurry East | |
|---|---|---|
| Deposit: | Notlor | |
| Location: | Australia | |
| Commodities: | Copper-Gold-Cobalt | |
| Date: | 4/4/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-4-2018: Magnum Mining & Exploration Ltd. announces an Exploration/Drilling Update report for its Notlor deposit at the Cloncurry East project. Drilling results incl. 30m @ 0.66% Cu, 0.92g/t Au, 118ppm Co from 22m. Magnum Mining & Exploration Limited (AS | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Howard Dawson (Internal) | |
| ABSTRACT: | Magnum Mining & Exploration Limited (ASX: MGU – “Magnum” or “the Company”) is pleased to advise that final assay results have now been received for drilling at the Cloncurry East Joint Venture in north-west Queensland, confirming outstanding potential for copper, cobalt and gold mineralisation. The latest results confirm previously-reported assays from Notlor North (see ASX Announcement 19 February 2018), where the Company has now returned an exceptional peak assay result of 1.38% cobalt, as well as confirming the presence of elevated cobalt mineralisation at the Notlor Central and South zones. High-grade Au results have previously been reported from the King Edward prospect (see ASX Announcement 22 January 2018), indicating stand alone Au targets are also available within the project area. Magnum CEO Grant Button said the results provide the Company with an important insight into the structure and controls of copper-cobalt mineralisation at Cloncurry East. “Our maiden drilling program has delivered very positive results from across a wide area at Cloncurry East, with highly anomalous copper-cobalt mineralisation at Notlor indicating strong potential for the completion of a maiden resource estimate,” he said. “We’re now working to integrate these latest results with our existing data to determine the primary targets for our next round of drilling,” Mr Button continued. | |
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