Drilling results from rawang have been delayed for about 2 weeks but a mining application licence has been submitted - must be pretty confident that a decent size orebody is there !!
"A Mining Application License for the Rawang Project has been lodged with the affor mentioned Ministries, and pending the EIR satisfying all regulatory conditions, a Mining License can be granted within approximately 6 weeks. A total area of 190 hectares (Ha) is included under the application and covers the area of current drilling. "
"The Rawang Project is a zone of magnetite which extends 400 metres east-west, running semi parallel to the Trans Sumatran Fault Zone (“TSFZ”), and is exposed for 100 metres in width. Mineralisation from historic exploration is exposed in ten north-south trending trenches and exposes multiple stacked sheets of blocky magnetite. The current drilling program was designed to delineate and potentially extend the zone of magnetite."
CZR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
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(20min delay)