31st October 2007 ASX Announcement ASX: MMB
THICK PGE ZONE EXTENDED BY FURTHER DRILLING RESULTS FROM THUNDER BAY NORTH
KEY POINTS
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Assay results have been received for the three remaining holes drilled in the northern part of the Current Lake magnetic anomaly. These holes intersected a thick near-surface zone of PGE mineralisation, with similar excellent results to the first three holes, including 36.8m @ 1.54g/t Pt+Pd+Au, 0.20% Cu & 0.19% Ni from 3.7m, including 8.8m @ 4.72g/t Pt+Pd+Au, 0.57% Cu & 0.31% Ni.
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As before, high-grade intercepts were associated with massive-sulphide veins including: 0.25m @ 22.30g/t Pt+Pd+Au, 1.79% Cu & 0.68% Ni.
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Mineralisation has been defined over a strike length of approximately 40m and is open along strike to the north and south within the 1.5km-long Current Lake magnetic anomaly.
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