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Blaze International hits 24.2% copper at Bluebird

Blaze International hits 24.2% copper at Bluebird

Blaze International's (ASX:BLZ) shares are expected to lift this morning following some impressive reverse drilling results including 24.2% copper from the Bluebird prospect near Tennant Creek in the Northern Territory.

Other highlights included broad intersections such as: 25 metres at 1.9% copper and 0.3g/t gold from 62 metres, including 4 metres at 8.9% copper and 1g/t gold.

The highest grade internal was 2 metres at 16.5% copper from 74 metres, which included the 1 metre at 24.2% copper.

Investors will be keeping an eye out for the additional results which are still pending, considering that all of the drillholes intersected visual copper mineralisation.

Adding to the prospectivity, the copper-gold mineralisation remains open in all directions.

Diamond drilling has been fast tracked and has already kicked off, with results expected within three weeks.

BLZ is in a farm-in joint venture with Meteroric Resources (ASX:MEI) over the Barkly copper-gold project, which hosts Bluebird.

BLZ has the right to earn up to 80%.

Considering the BLZ market cap. of around $3.5 million, the company is highly leveraged to exploration success.

 

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.

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Blaze International Timeline

Newswire
January 02 2018

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