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Pensana Metals Ltd.
Summary
| Project: | Longonjo | |
|---|---|---|
| Deposit: | Longonjo | |
| Location: | Angola | |
| Commodities: | Rare Earth | |
| Date: | 4/6/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-4-2020: Pensana Metals Ltd. announces an Exploration/Drilling Update report for its Longonjo deposit at the Longonjo project. Drilling results incl. 30m @ 3.25% REO from 74m. Pensana Rare Earths Plc (ASX: PM8) is pleased to report results from a further | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: David Hammond (Internal) | |
| ABSTRACT: | Pensana Rare Earths Plc (ASX: PM8) is pleased to report results from a further 18 holes of the recently completed 7,000 metre drill programme at the Longonjo NdPr Project in Angola. The new results include further high-grade intersections from angled holes testing two mineralised contact zones well outside of the Preliminary Feasibility Study (PFS) pit design (ASX announcement 15 November 2019). Further assay results have been received from the +7,000m infill and extension reverse circulation drilling programme completed in March 2020 at Longonjo. The drilling is in support of Definitive Feasibility Studies (DFS) in progress with Wood Group as lead engineers. The new results are from 18 drill holes testing areas of Inferred mineralisation on the margins of the carbonatite, well outside of the current PFS pit design and Indicated Mineral Resource (ASX Announcement 15 November 2019). The DFS drilling programme is designed to extend the November 2019 PFS mine life through the conversion of the large areas of Inferred category Mineral Resource to Indicated through infill drilling. The majority of the Inferred mineralisation was excluded from the PFS mine plan | |
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