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Mkango Resources Ltd.
Summary
| Project: | Songwe Hill | |
|---|---|---|
| Deposit: | Songwe Hill | |
| Location: | Malawi | |
| Commodities: | Rare Earth | |
| Date: | 11/7/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 7-11-2018: Mkango Resources Ltd. announces an Exploration/Drilling Update report for its Songwe Hill deposit at the Songwe Hill project. Drilling results incl. 114.8m @ 1.6% TREO from 60.7m. London / Calgary: November 7, 2018 - Mkango Resources Ltd. (AIM | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Scott Swinden (Swinden Geoscience Consultants Ltd.) | |
| ABSTRACT: | London / Calgary: November 7, 2018 - Mkango Resources Ltd. (AIM / TSXV: MKA) (the "Company" or "Mkango"), the rare earths exploration and development company focused on Malawi, is pleased to announce results for a further forty-five drill holes from the recently completed 10,900 metre diamond drill programme at the Songwe Hill Rare Earths Project ("Songwe"). Thirty-nine of the drill holes intersected significant zones of rare earths mineralisation grading above one per cent total rare earth oxides ("TREO"). The drilling programme is a key component of the ongoing initial phases of the Feasibility Study for Songwe, fully funded following investments by Mkango's strategic partner, Talaxis Limited, in January 2018. William Dawes, Chief Executive Officer, commented: "This is another excellent set of results from the now completed drilling programme at Songwe, which further demonstrates broad mineralised zones with continuity of mineralisation, and will underpin the resource update. The latter will commence on receipt of the assay results from the remaining 21 drill holes yet to be announced."Following the resource update and on subsequent publication of the related NI 43-101 technical report, anticipated in first quarter 2019, Talaxis will invest a further £7 million to fund completion of the Feasibility Study for Songwe, which will be the main focus for 2019. We look forward to announcing the remaining drill results in the coming weeks." | |
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