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Sovereign Metals Ltd.
Summary
| Project: | Kasiya | |
|---|---|---|
| Deposit: | Kasiya | |
| Location: | Malawi | |
| Commodities: | Rutile | |
| Date: | 6/22/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-6-2020: Sovereign Metals Ltd. announces an Exploration/Drilling Update report for its Kasiya deposit at the Kasiya project. Drilling results incl. 14m @ 1.24% Rutile from 0m. Results for Phase 4 drilling comprise a further 17 hand-auger holes for 175m | |
| Resources: | x | |
| CP/QP: | [Overall Report] Julian Stephens (Internal) | |
| ABSTRACT: | Results for Phase 4 drilling comprise a further 17 hand-auger holes for 175m over four drill-lines. This brings the total number of holes reported to 79 (Phases 1 through 4 combined). The Phase 4 results show high-grade and thick rutile drill intercepts as predicted by the Company’s now refined geological exploration targeting model. Importantly, the highest-grade intercepts are almost always from surface. The mineralised footprint continues to grow and take on definition at +5.5km strike length with surface widths up to 3km. The results reported also show the high-grade envelope bifurcates into two zones toward the southern extent of reported drilling. The mineralised envelope continues to be open in both directions along strike and laterally to the east. High-grade rutile has been encountered as deep as 14m below surface in some holes (the depth limit of hand-auger drilling) but generally has an average thickness of approximately 7m to 8m. The current geological interpretation is that high-grade, free-dig rutile mineralisation is likely to continue vertically to the base of saprolite in the areas where holes terminated in mineralisation. | |
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