Further to that: METALS OF AFRICA: JV TO TAKE UP MOZAMBIQUE RUBY HUNT
PEMBA, Oct 20
Mozambican Ruby Lda, a company formed by a team of veteran Australian explorers, plans an immediate start to exploration after forming a JV at Metals of Africa's Montepuez East ruby project.
It will spend $US400,000 on exploration to earn 75% of the project, in an area of active artisanal mining within one of the world's richest ruby fields. MTA says the JV will allow it to focus on its core zinc and graphite projects in Mozambique and **on. http://www.miningbusiness.net/content/metals-africa-jv-take-mozambique-ruby-hunt
PS ... MTA (BAT) only ever held one Ruby Licence L5572, and this is the one in the JV
MUS Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held