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Pensana Metals Ltd.
Summary
| Project: | Longonjo | |
|---|---|---|
| Deposit: | Longonjo | |
| Location: | Angola | |
| Commodities: | Neodymium-Praseodymium | |
| Date: | 7/13/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-7-2020: Pensana Metals Ltd. announces an Exploration/Drilling Update report for its Longonjo deposit at the Longonjo project. Drilling results incl. 20m @ 5.76% REO from 16m. Pensana Rare Earths Plc (LSE: PRE, ASX: PM8) is pleased to report results fro | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report] David Hammond (Internal) | |
| ABSTRACT: | Pensana Rare Earths Plc (LSE: PRE, ASX: PM8) is pleased to report results from a further 34 holes of the 8,000 metre drill programme completed at the Longonjo NdPr Project in Angola. The programme is in support of the Bankable Feasibility Study work programmes for which the Company is targeting an initial 15 to 20 year mine life based on the weathered zone mineralisation at Longonjo. New results confirm particularly highgrade intersections from surface in the area of proposed first mining. Additional assay results have been received from the ~8,000 metre infill and extension reverse circulation drilling programme completed in support of Bankable Feasibility Studies (BFS) for Longonjo. The Company completed the drilling with the aim to support an extended mine life of +15 years based on the near surface weathered zone mineralisation. The programme was completed in March 2020 and transport of some samples was delayed due to Covid-19 restrictions but are now flowing freely and further results are expected shortly. | |
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