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Sovereign Metals Ltd.
Summary
| Project: | Malingunde | |
|---|---|---|
| Deposit: | Bua Channel | |
| Location: | Malawi | |
| Commodities: | Rutile-Ilmenite-Zircon | |
| Date: | 4/22/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 22-4-2020: Sovereign Metals Ltd. announces an Exploration/Drilling Update report for its Bua Channel deposit at the Malingunde project. Drilling results incl. 9m @ 0.79% Rutile, 1.3% Ilmenite, 0.08% Zircon from 0m. A total of 57 shallow hand-auger holes f | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Julian Stephens (Internal) | |
| ABSTRACT: | A total of 57 shallow hand-auger holes for 364m and 54 deeper air-core holes for 473m were drilled at Bua Channel in late 2019. The final 49 hand-auger and 37 air-core hole results for this program are reported. Both sets of results have returned excellent grades of rutile and high-quality ilmenite (~60% TiO2) over the southern ~8km of the Bua Channel. QEMSCAN mineralogy test-work shows clean and liberated rutile grains. Additionally, QEMSCAN shows the ilmenite to be very high quality with a TiO2 content of ~60%, indicating it may be suitable as chloride feedstock. Sovereign has confirmed sand-hosted, placer rutile mineralisation via drilling in the southern Bua Channel over approximately 8km length with widths ranging from 300m to 700m and mineralised sand thicknesses ranging from about 4m to 10m. The drilling programs completed to date have provided high-grade rutile and accessory ilmenite across the entire 8km of the southern channel. Results from the second phase of drilling are outlined below with the complete set of results presented in the Table 1. A significant, +40km potential extension was identified to the north by the field team and this ground was secured with a new exploration licence granted in January 2020. | |
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