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Sovereign Metals Ltd.

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Summary

Project:

Kasiya

Deposit:Kasiya
Location:Malawi
Commodities:Rutile
Date:7/13/2020
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:13-7-2020: Sovereign Metals Ltd. announces an Exploration/Drilling Update report for its Kasiya deposit at the Kasiya project. Drilling results incl. 10m @ 1.53% Rutile from 0m. Phase 5 drilling comprised a further 30 (17 extensional and 13 infill) hand-a
Resources:x
CP/QP:[Overall Report] Julian Stephens (Internal)
ABSTRACT:Phase 5 drilling comprised a further 30 (17 extensional and 13 infill) hand-auger holes for 271m total. This brings the total number of holes reported to 109 (Phases 1 through 5 combined). Phase 5 drilling shows the highest-grade rutile results received from Kasiya to date extending the area of the deposit to the south west. These results show the strike length of high-grade mineralisation has increased by about 1km to a total ~6.5km with widths of the mineralised envelope ranging up to ~3km. Mineralisation continues to remain open along strike to the north, south-west, south-east and open laterally to the east. The mineralisation style at Kasiya can be described as eluvial, or otherwise known as a residual placer. This style of mineralisation occurs as flat “blankets” draped across expansive, elevated plateaus that have not experienced any significant erosion. In this way, the mineralisation style has many similarities to bauxite (aluminium ore) having been formed by the same general weathering and volume reduction processes to leave behind the valuable

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