MAN 11.1% 3.0¢ mandrake resources limited

Ann: Drilling to Commence at Newleyine, page-10

  1. 2,945 Posts.
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    Its great to hear they've done mapping, sampling and HH XRF over the VTEM targets. The XRF can't detect PGEs low enough but it can measure nickel and copper which could be indicators of PGEs, which will be verified by the samples. Lots of new targets to negotiate access over. The tenement E70/5345 is still listed as being held by Andean Energy but to get an approval to drill suggests acknowledgement of MAN's title.

    Now the drilling... it could be a bit earlier, could be a bit later, but having it actually on a contractor's booking sheet means its definitely going to happen. Results will be late July early August UNLESS they pay to hotshot the samples through a lab.

    I think we'll see early selling this morning from frustrated mum & dads,with bigger buyers will be in mopping up to finish on a high. They'll try to keep the lid on it for as long as possible, but anyone with doubts should take a look at CPN's performance last week. Also remember this has been drilled before and it showed blebby Ni + Cu over >200 metres depth and PGEs were widespread over sampled outcrop.
 
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