Malagasy Identifies Moly Target at Ampanihy Project

Proactive Investors Australia reported that through geochemical sampling, Malagasy Minerals Ltd. (ASX:MGY) has identified a sizeable molybdenum target at its Madagascar-based Ampanihy project.

As quoted in the market news:

Re-assaying of the regional geochemical database had resulted in the generation of a molybdenum-selenium-Rare Earth Elements anomaly that covers a 5 kilometre by 5 kilometre area.

Follow-up assessment of the Mo-Se anomaly for Rare Earth Elements had returned peak values of up to 496ppm Cerium, 337ppm Lanthanum, 942ppm Neodymium, 506ppm Praseodymium and 228ppm Yttrium.

These appear to lie outboard and zone the molybdenum-selenium anomaly.

Click here to read the full Proactive Investors Australia report.