Mustang Resources Limited (ASX: MUS) – $0.039

11 Aug 2016

Mustang Resources Limited (ASX: MUS) has recovered a further 19 rubies from the ongoing reconnaissance pitting program at its Montepuez Ruby Project located in Mozambique (Figure 1).


MUS Ruby Project

Figure 1. Location of the Montepuez Ruby Project



A total of 29 rubies at 5.79 carats have been recovered from the reconnaissance pits. The program has confirmed the existence of a secondary ruby deposit and identified the gravel beds where the first bulk sample pit will be opened.


The full extent of the secondary ruby deposit is not yet known and will be further defined with exploration pitting and auger drilling scheduled to commence in early September.



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