G79 0.00% 2.7¢ goldoz limited

This is there last update I could find. Ruby JV in Mozambique...

  1. 689 Posts.
    This is there last update I could find.

    Ruby JV in Mozambique (MTA diluting to 25%)

    During the quarter the Company’s joint venture partner, Mozambican Ruby Lda progressed the Montepuez East Ruby Project via conducting a 2000 metre auger drill program. The drill program went very well and identified numerous additional fertile (corundum/ruby bearing) gravel horizons and additional fertile amphibolite’s (the host rock which is the source of the rubies) which were previously unknown. Approximately 500 samples were generated by the drill program and these samples require washing, sorting and then analysis.

    A pilot plant unit has been constructed and will be mobilized to the project location during the December quarter for trial mining and processing to commence.

    Detailed mapping and soil sampling within the license is ongoing. Based on a combination of drilling and costeaning, the Company has identified a number of corundum prospects which will be subject to follow up work targeting high quality gem discovery.
 
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Currently unlisted public company.

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