"All technical and legal due diligence completed to date has been satisfactory, the Company is now pursuing full support of the community to ensure a clear path to immediate exploration activities ahead of acquisition completion."
"The project is largely contiguous and incorporates a number of key prospects with Delfin 1 being the focus of historical exploration activity. Such historical work has concentrated on a 300m x 100m area and includes two artisanal mines and over 15,000m of diamond and reverse circulation (RC) drilling." Look at all that high grade Copper just oozing out of the ground.
The key to proving up a JORC compliant Copper resource will be finding the deeper source to all that high grade copper already discovered so far.
"Further opportunity at Delfin exists at depth with 80% of the historical drilling being shallower than the average penetration depth of only 140m. The Delfin Project also has significant potential for deeper copper porphyry mineralization given the genesis of copper mineralization at Delfin has not yet been determined."
"The due diligence extension will allow Mandrake to finalise due diligence and ensure a clear path to immediate exploration activities upon acquisition."
MAN Price at posting:
5.0¢ Sentiment: Buy Disclosure: Held
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