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Carnavale Resources Ltd.
Summary
| Project: | Kikagati | |
|---|---|---|
| Deposit: | Kikagati | |
| Location: | Uganda | |
| Commodities: | Tin | |
| Date: | 5/23/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-5-2019: Carnavale Resources Ltd. announces an Exploration/Drilling Update report for its Kikagati deposit at the Kikagati project. Drilling results incl. 0.14m @ 9.96% Sn from 117.87m. The mineralised quartz veins are hosted in a quartzite unit(s) up t | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Andy Beckwith (Internal) | |
| ABSTRACT: | The mineralised quartz veins are hosted in a quartzite unit(s) up to 100m thick with quartz vein densities ranging from 14% to 22% by volume. The dimensions and mineralisation potential are strongly supported by continuous and extensive artisanal workings along the entire 3,000m strike length to an estimated depth of 30m. Tin, in the form of the mineral cassiterite (SnO2) continues to be hand mined from the deposit by artisanal miners. The large scale and high grade potential ranks favourably against all current producing tin mines around the world and warrants continued evaluation. Earn-in Rights Extended Carnavale has been granted a further extension to 30 June, 2019, for CAV to earn an initial 51% equity in African Panther Resources (U) Limited (APRU), the 100% owner of the Kikagati (Isingiro) project tenements (refer to ASX release “Carnavale to Acquire Large-Scale Tin Project, Uganda” 24 April 2018). Under the agreement, Carnavale is required to complete 2,000m of drilling on the project and to date, Carnavale has completed 1,695m of diamond drilling, with 305m remaining to be completed prior to 30 June 2019. | |
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