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Sovereign Metals Ltd.
Summary
| Project: | Malingunde | |
|---|---|---|
| Deposit: | Bua Channel | |
| Location: | Malawi | |
| Commodities: | Rutile-Ilmenite-Zircon | |
| Date: | 2/24/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 24-2-2020: Sovereign Metals Ltd. announces an Exploration/Drilling Update report for its Bua Channel deposit at the Malingunde project. Drilling results incl. 8m @ 0.88% Rutile, 1.46% Ilmenite, 0.08% Zircon from 0m. Sovereign Metals Limited (“the Company” | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Julian Stephens (Internal) | |
| ABSTRACT: | Sovereign Metals Limited (“the Company” or “Sovereign”) is pleased to report that the first air-core drilling results from the Bua Channel show laterally extensive and high-grade rutile, extending the confirmed mineralised channel length. Sovereign believes it has identified a globally significant, strategic rutile province across its large Malawi ground holding. The Malawi Rutile Province features two confirmed, discrete rutile mineralisation styles hosted respectively in sand and saprolite (soft, friable weathered material) which are both amenable to conventional processing. Known rutile mineralisation to date is unconstrained across the Company’s large ground position, offering extensive exploration upside. Sovereign is targeting definition of a substantial resource in 2020 that can support a long-life, large scale rutile operation. To this end, drilling and exploration programs continue at pace. 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. | |
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