For thousands of other reports visit RSC's Mineral Intellingence Map
Mustang Resources Ltd.
Summary
| Project: | Balama | |
|---|---|---|
| Deposit: | Caula | |
| Location: | Mozambique | |
| Commodities: | Graphite-Vanadium | |
| Date: | 3/22/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-3-2018: Mustang Resources Ltd. announces an Exploration/Drilling Update report for its Caula deposit at the Balama project. Drilling results incl. 99m @ 12.56% TGC, 0.34% V2O5 from 16m. Mustang Resources Ltd (ASX: MUS) is pleased to provide an update o | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Resources]: Johan Erasmus (Sumsare Consulting) | |
| ABSTRACT: | Mustang Resources Ltd (ASX: MUS) is pleased to provide an update on the recently completed diamond drilling program at the Company’s graphite Licence 5873L, to the south of the main part of the high-grade Caula Graphite & Vanadium Project in the world-class mineral province in Northern Mozambique. Using diamond core drilling, Mustang drilled MODD010 and extended the mineralisation of the Caula Graphite Project (see Figure 1). MODD010 is located approximately 7.5km south of the recently announced MODD014 which returned 125m at 14.1% TGC & 0.42% V2O5 average grades. Assay results from MODD010 include outstanding intersections up to 23.70% TGC and 0.68% V2O5 with an average grade of 12.56% TGC and 0.34% V2O5 over 99m from 16m downhole including: Mustang Resources Managing Director Dr Bernard Olivier said “The impressive results from diamond drillhole MODD010 located approximately 7.5km south of the “Caula-Hinge” and the recently announced MODD014 is further testimony to the overall potential of the Caula project. Although we are focusing our efforts on the main section of the Caula graphite and vanadium deposit, this southern extension clearly supports the potential for increasing the size of the deposit many times its current size. We expect to receive the assay results from the remaining drillholes shortly and will combine the results into a comprehensive market update once received.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report