Latest update from KMN. Anyone in the know care to interpret? I know nothing about Molybdenite!
Was alerted to KMN after article in Australian business section back page on Thursday.... ++++++++++++++++++ Kalman Drilling – Partial Drillhole Intercept Update The Company is pleased to announce that a series of assays has been received from ALS Townsville. In summary, the results have provided the following downhole intercepts for the diamond drillholes.
We continue to be very encouraged by the drilling results – particularly the high grade and continuity over hundreds of metres of the molybdenite. The upper 42 metres of the molybdenite zone in K-58 for which assays have been received, bottomed for the last 6m @ 3.08% MoS2. When further assays are received for these exciting drillholes, sections will be provided. As has previously been advised the first resource estimate for Kalman will be released before the end of the year, with geological modelling well underway.
KMN Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
