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Blaze Minerals ( (AU:BLZ) ) has provided an update.
Blaze Minerals Limited has announced the mobilization of an RC drill rig to its Loulombo Project in the Republic of the Congo, following delays in shipping documentation. The project, which includes the promising Mimpala Target, is set to advance with a 3,000-meter RC drill program. The current diamond drilling has faced challenges, with slow progress and poor core recovery, leading to a pending decision on whether to continue with the diamond drill program. This development is crucial for Blaze Minerals as it seeks to capitalize on the potentially high-grade discoveries at Loulombo, which could significantly enhance its market positioning and impact stakeholders positively.
More about Blaze Minerals
Blaze Minerals is a mineral exploration company focused on identifying and developing high-margin, high-grade, and high-value ore deposits in highly prospective regions. The company has significant projects in the Republic of the Congo and Uganda, including the Loulombo Project, which spans 195 square kilometers and includes the Mimpala Target, a potentially high-grade discovery.
Current Market Cap: A$7.19M
See more data about BLZ stock on TipRanks’ Stock Analysis page.