EXPLORATION & DEVELOPMENT

Blox adds Mansounia targets

Aims to submit mining licence application for West African project

Staff reporter
Aiming to submit mining licence application for gold project

Aiming to submit mining licence application for gold project

The junior said the drilling had doubled the Mansounia South gold prospect strike to 5km.

Its planned 400-hole programme was cut short due to the laterite cap being deeper than anticipated in most locations and the onset of the wet season.

"Despite the slightly truncated programme, positive drill results were returned from every line drilled," the company said.

CEO Trevor Pickett said Blox was "well advanced" towards submitting a mining licence application for Mansounia, which has a 2004 JORC compliant 1.29 million ounce resource.

He is aiming to raise capital to complete the auger programme and plan resource extensional drilling.

Blox, which describes itself as a "green" mining, energy and technology company, had a working capital deficit of US$205,277 at the end of June.

Its shares have ranged between 7.1c-30c over the past year and last traded at 14c, capitalising it close to $20 million.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.