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Sovereign Metals Ltd.
Summary
| Project: | Malingunde | |
|---|---|---|
| Deposit: | Malingunde | |
| Location: | Malawi | |
| Commodities: | Graphite | |
| Date: | 10/12/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-10-2016: Sovereign Metals Ltd. announces an Exploration/Drilling Update report for its Malingunde deposit at the Malingunde project. Hand auger assay results incl. 7m @ 24.5% TGC from 5m. Sovereign Metals Limited (“the Company” or “Sovereign”) is pleas | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Julian Stephens (Internal) | |
| ABSTRACT: | Sovereign Metals Limited (“the Company” or “Sovereign”) is pleased to report the latest and final batch of hand-auger results from the Malingunde saprolite-hosted flake graphite deposit in Malawi. The results include the two highest grade intercepts encountered to date and continue to show the robustness, coherency and continuity of the deposit. Results continue to confirm the robust and coherent nature of the saprolite-hosted flake graphite deposit at Malingunde. An initial 13 hole, 488m large diameter PQ diamond drilling program has now been completed at Malingunde. This has shown vertical saprolite thicknesses averaging 20m-30m over the majority of the deposit. Assay results for the diamond drilling are expected progressively over the coming weeks. A ~5,000m aircore resource drill out program is scheduled to commence at Malingunde in two weeks The metallurgical test-work program on Malingunde saprolite continues at SGS Lakefield in Canada. The program targets a flowsheet that uses an upfront scrubber only to disaggregate the graphite flakes from the host material as opposed to crushing circuit and rod mill used in hard-rock operations. Saprolite-hosted flake graphite deposits are sought after as they generally have substantially lower production costs than hard rock deposits. This is mainly due to their free-dig nature, generally very low strip ratios and very simple processing with no primary crushing or grinding circuit required. In 2015, Sovereign’s in-country geological team made a new and significant graphite discovery using hand auger drilling techniques in an area of no outcrop. The new deposit is located at Malingunde, just 15km SW of Lilongwe, Malawi’s capital city, and has access to enviable infrastructure; being 25km from rail access, 15km from the high-capacity Lilongwe power sub-station and with plentiful fresh water. | |
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