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Pensana Metals Ltd.
Summary
| Project: | Longonjo | |
|---|---|---|
| Deposit: | Longonjo | |
| Location: | Angola | |
| Commodities: | Rare Earth | |
| Date: | 6/24/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-6-2019: Pensana Metals Ltd. announces an Exploration/Drilling Update report for its Longonjo deposit at the Longonjo project. Drilling results incl. 22m @ 4.26% REO, 0.86% NdPr from 48m. Pensana Metals Ltd (ASX: PM8) is pleased to report the final resu | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: David Hammond (Internal) | |
| ABSTRACT: | Pensana Metals Ltd (ASX: PM8) is pleased to report the final results from the recent infill and exploration reverse circulation (RC) drilling programme at the Longonjo NdPr Project located in an infrastructure rich region of Angola. The results have confirmed the continuity of high-grade weathered mineralisation from surface. The infill RC drilling was completed to support a revised Mineral Resource estimate for the high-grade weathered zone mineralisation at Longonjo. An updated Mineral Resource estimate has commenced in support of the Preliminary Feasibility Study which is scheduled for completion in September 2019. Exploration drilling on the southern margin of the carbonatite has identified a thick zone of weathered mineralisation which remains open along strike for 550 metres to the east and requires further drilling to evaluate its full potential. Executive Director Dave Hammond commented: “These high grade NdPr intersections confirm the continuous nature of the near surface blanket of weathered zone NdPr mineralisation in the area targeted for initial open pit mining in the Preliminary Feasibility Study. The results from the exploration holes are significant as they add further proof of the existence of arcuate mineralised ring dyke structures around the margins of the circular carbonatite. Several kilometres of this prospective contact zone have yet to be drill tested and offer further upside potential to the weathered zone mineralisation at Longonjo.” | |
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