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Mount Ridley Mines Limited (ASX: MRD)

With the rains cleared in the Fraser Range, Mount Ridley Mines (ASX: MRD) has its exploration activities back on track as it attempts to prove up its nickel-copper sulphide deposits at its 100%-owned, 1,000 square kilometre, Mt Ridley Project.

Clear skies have now enabled MRD to commence its Reverse Circulation (RC) and diamond drilling program at two highly prospective targets within the Tyrrells prospect area.

The Mt Ridley project has the potential to host world class mineral deposits in base and precious metals including copper, nickel, cobalt, lead, zinc, silver and gold.

This highly anticipated detailed target drill program has thus far thrown out some encouraging signs and with results due in mere weeks, we will soon know whether MRD has uncovered significant sulphide nickel/copper deposits.

MRD is looking for its latest drilling programme to deliver all the data it needs to hopefully prove up a bulky commercial resource.

What could work in its favour is its proximity to the $1.9 billion capped Independence Groups’ (ASX: IGO) nearby world class Nova Nickel-Copper Mine, formerly owned by junior success story Sirius Resources.

The information on this page should not be the only trigger for your investment decision. Click on the links below for a more in-depth and informed examination of the company. We strongly recommend you seek professional financial advice whenever making financial investment decisions.

Through Sirius, the Fraser Range became host to one of the biggest junior resources stories in recent and MRD has all intentions to follow a similar trajectory.

So with the drillbit spinning and plenty of news flow to follow, MRD is positioning itself nicely to deliver the next massive sulphide ore body discovery.

 

Latest Article

Will MRD’s Current Drilling Unveil another Fraser Range Nickel Discovery?

Good things come to those who wait — a famous adage sometimes employed in mining circles when a stock is anticipating a big strike on a key prospect. The same adage could easily be applied to Mount Ridley Mines (ASX: MRD) — a timely explorer targeting nickel-copper sulphide deposits in the Albany Fraser Range Province of Western Australia — that’s had to wait for the skies to clear…

May 3, 2017 Continue Reading

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

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