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Project: | Kasiya | |
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Deposit: | Kasiya | |
Location: | Malawi | |
Commodities: | Rutile | |
Date: | 3/16/2020 | |
Report Code: | JORC | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 16-3-2020: Sovereign Metals Ltd. announces an Exploration/Drilling Update report for its Kasiya deposit at the Kasiya project. Drilling results incl. 16m @ 1.09% Rutile from 0m. Sovereign Metals Limited (“the Company” or “Sovereign”) is pleased to report | |
Resources: | x | |
CP/QP: | [Overall Report]: Julian Stephens (Internal) | |
ABSTRACT: | Sovereign Metals Limited (“the Company” or “Sovereign”) is pleased to report outstanding maiden drilling results from the Kasiya Prospect (“Kasiya”) which show extensive, high-grade rutile from surface in soft, free-dig saprolite. This maiden shallow drilling program targeted a large and very high tenor rutile soil anomaly identified by Sovereign’s field geological team (ASX announcement 16 January 2020). A total of 19 shallow hand-auger holes for 195m over two drill-lines were completed at Kasiya in January 2020. The Company has received quantitative laboratory results for this maiden drill program which display very extensive, high-grade rutile from surface hosted in soft, friable saprolite. The majority of the near surface, high-grade zones are relatively consistent over significant lateral distances. 14 of the 19 holes drilled intersected the interpreted high-grade rutile zone with 11 of these 14 well-mineralised holes exhibiting +1% rutile grades from surface. The results show a large target area with mineralisation currently identified over +1.8km estimated true surface width. The two drill lines were about 1.1km apart along strike with mineralisation remaining unconstrained and open in both directions. High-grade rutile was encountered as far as 13m below surface in some holes and has an average thickness of approximately 8m. High-grade rutile mineralisation remains broadly open in all directions laterally, and in some areas at depth i.e. +13m. | |
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