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Jangada Mines Plc
Summary
| Project: | Pedra Branca | |
|---|---|---|
| Deposit: | Pitombeiras | |
| Location: | Brazil | |
| Commodities: | Vanadium-Titanium-Iron | |
| Date: | 2/26/2020 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 26-2-2020: Jangada Mines Plc announces an Exploration/Drilling Update report for its Pitombeiras deposit at the Pedra Branca project. Drilling results incl. 38m @ 0.558% V2O5, 11.31% TiO2, 38.4% Fe. Jangada Mines plc, a natural resources company, is pleas | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paulo Ilidio de Brito (Independent) | |
| ABSTRACT: | Jangada Mines plc, a natural resources company, is pleased to announce the initial results of the 2020 drilling programme on the Pitombeiras North target at its 100% owned Pitombeiras Vanadium Project ('Pitombeiras Project' or 'the Project'), located in Ceara State, Brazil. The 2,500-metre diamond drilling ('DD') programme, which commenced in January 2020, is underway to evaluate 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 anomaly. Further Information: At the Pitombeiras North target, three (3) diamond drillholes (Holes ID: DD20PI11, DD20PI12 and DD20PI13) have been drilled by Jangada to a depth of 120.00 metres each, totaling 360.00 metres drilled. Geological logging indicated that all of them intersected the VTM mineralisation (Figure 1). Figure 1: Massive VTM mineralisation on drill hole DD20PI11 at 23.85 metres depth - see PDF To date, assay results have been received for 103 core samples collected along drillholes DD20PI11 and DD20PI12. Core samples from drill hole DD20PI13 are currently at the laboratory for analysis. | |
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