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Jangada Mines Plc
Summary
| Project: | Pedra Branca | |
|---|---|---|
| Deposit: | Pitombeiras | |
| Location: | Brazil | |
| Commodities: | Vanadium-Titanium-Iron | |
| Date: | 4/22/2020 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 22-4-2020: Jangada Mines Plc announces an Exploration/Drilling Update report for its Pitombeiras deposit at the Pedra Branca project. Drilling results incl. 35.66m @ 0.56% V2O5, 11.04% TiO2 from 1m. Jangada Mines plc ('Jangada' or 'the Company'), a natura | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paulo Ilidio de Brito (Independent) | |
| ABSTRACT: | Jangada Mines plc ('Jangada' or 'the Company'), a natural resources company, is pleased to announce additional drilling assay results and report that it has concluded its diamond drilling ('DD') programme at its Pitombeiras Vanadium Project ('Pitombeiras' or 'the Project') in Brazil. The programme evaluated the structural corridor associated with the known vanadium titanomagnetite ('VTM') mineralisation, which includes the Pitombeiras North and Pitombeiras South anomalies and the newly discovered Goela VTM targets. A total of 19 DD holes have been completed for a total of 1,360.80 metres, including 1,058.85 metres at the Pitombeiras North target and 301.95 metres at the Goela target. The drill rig has now been demobilised. 16 from a total of 19 drillholes intersected VTM mineralisation. Assay results have been received for 5 DD holes, including newly received Hole DD20PI14, which intersected 18.00 meters at 0.49% V2O5, 10.02% TiO2 and 49.61% Fe2O3, and Hole DD20PI16, which intersected 35.66 metres at 0.56% V2O5, 11.04% TiO2 and 54.39% Fe2O3.With the conclusion of the drilling programme, Jangada has now tested the boundaries of the anomaly as required and, upon receipt of the assay results for the remaining 11 drillholes, | |
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