MGY malagasy minerals limited

massive sulphides confirmed

  1. 3,072 Posts.
    Malagasy confirms Ianapera sulphide system

    Published 9:49 AM, 28 Oct 2010



    Source: News Bites

    Malagasy Minerals Ltd has confirmed a magmatic massive sulphide system at its Ianapera (Ampanihy) project in southern Madagascar.

    Results from drill hole IPC0001 confirm the magmatic provenance of the massive and disseminated sulphide zones. The first 2 m are representative of massive sulphides, with 0.11% nickel and 0.07% copper, whilst the rest of the sulphide zone carried lower grades of nickel and copper in the range of 50ppm to 235ppm nickel and 0.04% copper.

    A total of 15 holes for 1,840 metres are planned as part of the phase one program to test the gossan system. Eight are considered high priority targets.
 
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