There are no listed options for Malagasy.(ie able to be purchased). Investors can confirm capital structure of any company, via Form 3b releases, or generally company presentations usually detail shares/options on issue. _______________________________________________________
In fact, both highly prospective areas owned by MGY will be drilled in this current programme. NOTE: previously, I had suggested only AMPANIHY (current drilling)....but also VOHIBORY, will follow in Oct. See below:
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AMPANIHY (Ni-Cu-PGE Sulphide) ? Large system targeting Voisey?s Bay-style nickel-copper-PGE deposits ? Gabbroic anorthosite bodies (75 sqkm) associated with mafic-ultramafic greenstone sequences ? 50 strike-km major regional suture zone between anorthosites ? virtually unexplored ? Ianapera: 11 nickel-copper bearing massive sulphide gossans identified ? June 2010 - two (2) parallel trends covering a total of 8 strike km associated with VTEM conductors and mafic ? ultramafic sequences ? July 2010 - Ground gravity survey over selected conductors confirms high-density sub-surface body associated with VTEM conductors ? September 2010 - drilling of Ianapera gossans underway from end of August 2010 ? Logistical support: Adjacent to operating labradorite facility ? accommodation, workshop, heavy equipment and air strip ? August 2010 - Additional ground acquired on margins of satellite anorthosites to east of Maniry ----------------------
VOHIBORY (Cu-Zn-Ag-[Au]) ? Polymetallic ?Besshi?-type VMS mineralisation targeted (NB: Besshi contained 30 million tonnes averaging 2.5% Cu; 0.3% Zn; 7gpt Ag & 0.2gpt Au) ? On-strike from recent anomalous competitor drilling (e.g. 21m @ 0.7% Cu; 1.1% Zn; 0.5gpt Au; 21gpt Ag) to south. Placer gold and small copper gossans ubiquitous within the property ? Gossans: 2% to 28% Cu - 2g/t to 175g/t Ag over 4 km combined strike associated with interpreted VTEM conductors (VC10 & VC-11) and eight (8) km of semi-contiguous copper-silver mineralisation defined in central and southern portions of project ? 2009 and 2010 programmes ? Mineralisation trend oriented strike-parallel with prospective underlying basement greenstone sequence (metasediments) ? July 2010 - ground gravity survey to detect massive sulphides in basement rocks under shallow cover sediments confirms anomalous trends associated with gossans and interpreted faults ? Drilling scheduled for October ? November 2010
MGY Price at posting:
20.4¢ Sentiment: Buy Disclosure: Held