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Rift Valley Resources Ltd.
Summary
| Project: | Longonjo | |
|---|---|---|
| Deposit: | Longonjo | |
| Location: | Angola | |
| Commodities: | Rare Earth | |
| Date: | 8/24/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-8-2017: Rift Valley Resources Ltd. announces an Exploration/Drilling Update report for its Longonjo deposit at the Longonjo project. Drilling results incl. 100.4m @ 3.30% TREO from 0m. Angolan focussed exploration and development company Rift Valley Re | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Greg Cunnold (Internal) | |
| ABSTRACT: | Angolan focussed exploration and development company Rift Valley Resources Limited (ASX: RVY) (“the Company” or “Rift Valley”) is pleased to announce highly encouraging assay results from its recently completed diamond drilling programme at its 70% owned Longonjo Magnet Metal Project, with the program delivering extensive high-grade Total Rare Earth Oxide (“TREO”) results. Commenting on the results, Rift Valley Chairman, Mr Stephen Dobson, said, “The highly successful drilling campaign has significantly increased the potential of the Longonjo Magnet Metals Project, it has also confirmed the presence of mineralisation at depth. Significantly almost 21% of the mineralisation is represented by the in-demand magnet metals Neodymium and Praseodymium”. As previously announced (refer ASX announcement dated 6 June 2017), this diamond drilling which commenced in May 2017 and concluded in July 2017 twinned previous air core drill holes with large diameter (PQ-116mm) diamond drill core. Triple tube barrels were used to ensure maximum core recovery. Diamond core was obtained to provide the sample integrity necessary for a JORC compliant mineral resource estimation (MRE) that is anticipated to be completed during the current quarter, as well as the material needed for detailed metallurgical test work, both of which will be incorporated into the concomitant independent scoping study to be carried out by AMEC Foster Wheeler. The results of this program not only provided sufficient data to meet the initial requirements of the Company and its advisors, but identified additional high grade TREO mineralisation and expanded the known mineralisation zones, with all drill holes returning significant rare earth mineralisation from surface to end of hole and the mineralisation remaining open in all directions and at depth. | |
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