leadf
logo-loader
viewCapricorn Metals Ltd

Malagasy Minerals identifies multiple lenses of graphite mineralisation in Madagascar

au_africa_topographical_map_350_528d77b1208fc.jpg

Malagasy Minerals (ASX: MGY) has identified at least 12 major lenses of high-grade graphite mineralisation from traverse surface sampling at its Maniry Project in Southern Madagascar.

These lenses have widths ranging from 75 metres to 250 metres and average grades from 5% graphitic carbon to 12.13% graphitic carbon.

The company will now carry out mineralogical evaluation to determine flake size and high level quality characteristics and determine potential upgrade purity levels.

This will be followed by a program of additional traverse sampling and trench-costean sampling in the 2014 field season.

This work can be completed at a modest cost and will provide enough information to determine the full potential of the Maniry Project and to gain an understanding as to whether these deposits have the same quality as at Molo.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Capricorn Metals Ltd

Price: 1.5 AUD

ASX:CMM
Market: ASX
Market Cap: $515.96 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Loop Insights getting ready to rumble as platform wallet being used by the...

Loop Insights (CVE: MTRX- OTCQB: RACMF) CEO Rob Anson joined Steve Darling from Proactive with big news that Loop's Wallet pass platform will engage global boxing fans during the WBC super-middleweight championship fight, featuring champion Saul "Canelo" Alvarez and challenger Avni...

1 day, 21 hours ago

2 min read