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Jangada Mines Plc
Summary
| Project: | Pedra Branca | |
|---|---|---|
| Deposit: | Pitombeiras West | |
| Location: | Brazil | |
| Commodities: | Vanadium-Titanium-Iron | |
| Date: | 3/11/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 11-3-2019: Jangada Mines Plc announces an Exploration/Drilling Update report for its Pitombeiras West deposit at the Pedra Branca project. Drilling results incl. 46.07m @ 0.50% V2O5, 7.6% TiO2, 31% Fe. Jangada Mines plc, a natural resources company develo | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Henrich Muller (Internal) | |
| ABSTRACT: | Jangada Mines plc, a natural resources company developing Pedra Branca, South America's largest and most advanced platinum group metals ('PGM') and nickel project, and the Pitombeiras West vanadium project which is in close proximity to, but distinct from the PGM and nickel deposits within Pedra Branca, is pleased to provide an update on recently completed exploration activities at its Pitombeiras West vanadium deposit in north-eastern Brazil. Brian McMaster, Executive Chairman of Jangada, said, "The findings of this drill campaign are highly encouraging and further support our belief that we are discovering a potentially world class vanadium deposit. The mineralisation is consistent in width and grade, with high grade mineralisation starting at surface, all of which are very positive indications. The holes that we have drilled to date are shallow and have returned excellent results. The resource potential remains open at depth and along strike. If we continue to replicate these results in future holes then we will likely be holding a very substantial deposit. These results further confirm the breadth and potential scale of Pitombeiras West specifically, and Pedra Branca more widely." | |
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