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Sovereign Metals Ltd.
Summary
| Project: | Malingunde | |
|---|---|---|
| Deposit: | Malingunde | |
| Location: | Malawi | |
| Commodities: | Graphite | |
| Date: | 1/17/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 17-1-2018: Sovereign Metals Ltd. announces an Exploration/Drilling Update report for its Malingunde deposit at the Malingunde project. Drilling results incl. 23m @ 21.2% TGC from 13m. Sovereign Metals Limited (“the Company” or “Sovereign”) is pleased to r | |
| 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 the first batch of assay results from the 2017 aircore drilling program completed at the Malingunde saprolite-hosted flake graphite deposit in Malawi. Aircore drilling was conducted in late 2017, with 210 holes for 6,212 metres completed. The drilling program was designed to further define and upgrade the JORC resource classification levels for inclusion in the Malingunde Pre-feasibility Study, as well as to test graphite mineralisation at Malingunde South Extension and other targets. The results continue to confirm the excellent consistency of high-grade mineralisation along strike, as well as the substantial vertical thickness of the deposit, and will be incorporated into the updated JORC resource estimate, expected to be delivered in early Q2 2018. Sovereign’s Managing Director Dr Julian Stephens commented, “These results continue to confirm thick, high-grade saprolite-hosted graphite mineralisation. Importantly, the deposit contains very high-grade zones circa 15 to 20% TGC of very coarse flake graphite mineralisation hosted in soft saprolite. The combination of grade, flake size and the soft nature of the host saprolite create a fantastic platform to develop a low cost, high margin graphite operation.” The 2017 infill drilling program comprised 210 aircore holes for 6,212 metres of drilling. Results for the first 36 aircore holes targeting the southern part of the main Malingunde deposit have been receive | |
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