CLE 0.00% 0.1¢ cyclone metals limited

yes tokyo , esp. with these new areas to come , maybe mini or...

  1. 1,943 Posts.
    yes tokyo , esp. with these new areas to come , maybe mini or maybe maxi Marampas. After the quarterly report due in next few days i expect more updates on SL iron ore including Pinnacle in coming months will be exciting. Then there's all the other "bits" in the CFE portfolio , a flood of anns. a coming !! Can we cope !!

    CFE Sept Q report.
    Sierra Leone Regional Exploration.

    Two Reconnaissance Licences RL04/2010 (Gbinti West) and RL03/2010 (Mawanka) covering 678km2 were granted during the quarter (refer Figure 2). These new licences are held
    by Metal Exploration (Mauritius) Limited, a wholly owned subsidiary of Cape Lambert, and cover areas prospective for large hematite deposits along strike of Marampa.

    The Gbinti West licence has two known occurrences of specular hematite mineralisation (refer Figure 2).
    In addition, five more applications for reconnaissance licences covering 1,942km2 have been lodged with the Ministry of Mineral Resources (refer Figure 2).

    Including Marampa, the existing and newly granted licences (1,222km2) and the applications (1,942km2) secure a dominant landholding (total 3,164km2) in an under explored region with the potential for discovery of new hematite deposits less than 70km from the existing Marampa
    Infrastructure.

    Airborne geophysics and geological mapping will be undertaken in the December 2010 quarter to define targets on the three new Reconnaissance Licences.
 
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