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Metals of Africa Ltd.
Summary
| Project: | Montepuez | |
|---|---|---|
| Deposit: | Elephant | |
| Location: | Mozambique | |
| Commodities: | Graphite | |
| Date: | 11/21/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 21-11-2016: Metals of Africa Ltd. announces an Exploration/Drilling Update report for its Elephant deposit at the Montepuez project. Drilling results incl. 150.35m @ 8.13% TGC, 0.22% V2O5 from 8.2m. Metals of Africa Limited (ASX: MTA) (“Metals or the “Com | |
| Resources: | (Resource, I+I): 61.6Mt @ 10.3% TGC, 0.26% V2O5 for 6.3Mt contained Graphite, 163Kt contained V2O5 | |
| CP/QP: | [Overall Report]: Cherie Leeden (Internal) | |
| ABSTRACT: | Metals of Africa Limited (ASX: MTA) (“Metals or the “Company”) is pleased to announce the completion of its Phase 1 2016 drilling program at the Montepuez Graphite Project in the Cabo Delgado province of Mozambique. The Phase 1 program comprised a total of 34 holes for 3,749 metres and focused primarily on the Elephant and Buffalo Deposits within the Montepuez Project. Drilling commenced in July and was completed this month. The program was designed to contribute to an upgrade of the Resource category from Inferred to Indicated at the Elephant Deposit, and also to assist with geotechnical and hydrogeological assessment at the Buffalo and Elephant Deposits. The Company is highly encouraged with the exceptional drill intersection widths and high grade (%) of Total Graphitic Carbon (TGC). Snowden Mining Consultants are presently updating the Elephant Resource with further results anticipated in December 2016. Phase 2 drilling is currently underway. This will be the final phase of Resource drilling at the Montepuez Project and in conjunction with the Phase 1 results is expected to enable the conversion of the previously reported Montepuez Inferred Resource (ASX announcement 16th November 2015) to Indicated Resource status. The strike length of the Elephant Deposit is 800 metres and remains open to the north and south as well as down dip along the full 800m strike length. The results of the Phase 1 and Phase 2 drill programs will feed into the Definitive Feasibility Study for the Montepuez Graphite Project, which remains on schedule for completion in December 2016. | |
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