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Pensana Metals Ltd.
Summary
| Project: | Longonjo | |
|---|---|---|
| Deposit: | Longonjo | |
| Location: | Angola | |
| Commodities: | Rare Earth | |
| Date: | 11/29/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-11-2018: Pensana Metals Ltd. announces an Exploration/Drilling Update report for its Longonjo deposit at the Longonjo project. Drilling results incl. 65m @ 2.61% REO from 0m. Pensana Metals Ltd (“Pensana” or “Company”) (ASX: PM8) is pleased to report | |
| Resources: | (Resource, Inf.): 44.7Mt @ 2.50% TREO for 1,120t TREO contained at project (1.0% TREO cut-off) | |
| CP/QP: | [Overall Report]: David Hammond (Internal) | |
| ABSTRACT: | Pensana Metals Ltd (“Pensana” or “Company”) (ASX: PM8) is pleased to report additional positive assay results from its exploration drilling programme at the Longonjo NdPr Project in infrastructure rich Angola. The reverse circulation drill programme is testing an area approximately ten times that of the maiden Mineral Resource estimate. Results from a further 23 holes of the total 108 hole programme have extended the mineralisation to the north and identified new and deeper zones of NdPr mineralisation extending from surface up to 65 metres in thickness. Substantial widths of high grade niobium mineralisation were also intersected. The thickness of the mineralisation intersected in this previously untested northern area of the project compares favourably with the average twenty metres of thickness in the area of the current Mineral Resource estimate located 800 metres to the south. The new mineralisation intersected in the north is particularly enriched in NdPr, which can comprise around 27% of the total rare earths compared with around 20% in the Mineral Resource estimate area. The mineralisation is also more enriched in the heavy rare earths and contains some high grade niobium. | |
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