MNS 0.00% 4.2¢ magnis energy technologies ltd

627 million tonne - at shallow depths, page-2

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    A couple of nice points from todays announcement -

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    Of significance is the two holes in block E, NARC045 and NARC047 which were respectively extended to 64 m and 70 m in depth and they both showed that mineralization continued at depth. These holes were stopped at these depths due to drill rig limitations.


    CEO Rod Chittenden commented “It is very pleasing to have the RC programme confirm our original assessment that there is a very significant amount of mineralization on this tenement. With 46 out of 47 holes drilled in the 829 ha target area showing significant intersections of mineralization and with several holes still open at depth, this is a great result.”
 
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