Sign up Australia
Proactive Investors - Run By Investors For Investors

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.





Register here to be notified of future BLZ Company articles
View full BLZ profile View Profile

Blaze International Ltd Timeline

Related Articles

YouTube
August 14 2017
Overheads have been cut dramatically and the group is focusing on higher margin business.
office computers
September 05 2017
The EG board has recommended Verint’s offer of 112.5p a share
Reboot button
November 23 2017
The group has been guilty of over-promising in the past, but with a stronger balance sheet it might now have a shot at achieving critical mass before money starts to get tight again

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use