Ann: Exploration Update - WA & NT Base Metal & Lithium Projects-MZN.AX, page-3

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Nitrox

1,479 Posts.

16/06/16

07:43

Post #: 18042646
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Originally posted by earmelon ↑

This is awesome piece of news! Get on board now, this beauty is gonna start go nuts soon...

Thick zone of zinc chlorite mineralisation intersected in the first EIS stratigraphic hole at the Newman Base Metal Project – assays due within 2-3 weeks.

Australian lithium expert Dr Leigh Bettenay retained to assist Marindi to design upcoming exploration programs at the newly acquire Forrestania Lithium Project.

Recent results released by Kidman Resources (ASX: KDR) on tenements adjoining Marindi’s project include one of the best spodumene intersections reported in WA, of 54.2m grading 1.53% Li2O and 33.5m at 1.39% Li2O.

Planning also underway for maiden exploration program at the 100%-owned Caranbirini Base Metal Project, located 8km from Rox Resources’ Teena Project, where a maiden Inferred Mineral Resource of 58Mt grading 12.7% Pb+Zn was recently announced.

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Looks like we only got one good hit from the 2 holes. One hit it big time with results due in a few trading days
There's no doubt something special is going on down there, we just gotta keep drilling to define where it is. Drilling now for discovery is cheap Vs 3 years ago. Keep drilling guys.

Imo the SPP will be scaled back to a 1:30 and that just shows me they priced this WRONG. It should have been .015 with a free option.
I picked up quite a few in the .010 dump last week so I'm not so bitter about not getting my full allocation in the SPP.

Just sayin.
Last edited by Nitrox: 16/06/16

MZN Price at posting: 1.1¢ Sentiment: Hold Disclosure: Held
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