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Sovereign Metals Ltd.
Summary
| Project: | Malingunde | |
|---|---|---|
| Deposit: | Malingunde | |
| Location: | Malawi | |
| Commodities: | Graphite | |
| Date: | 1/18/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-1-2017: Sovereign Metals Ltd. announces an Exploration/Drilling Update report for its Malingunde deposit at the Malingunde project. Drilling results incl. 30m @ 15.3% TGC from 5m. Sovereign Metals Limited (“the Company” or “Sovereign”) is pleased to re | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Julian Stephens (Internal) | |
| ABSTRACT: | Sovereign Metals Limited (“the Company” or “Sovereign”) is pleased to report the first assays from the aircore resource-drilling program at the Malingunde saprolite-hosted flake graphite deposit in Malawi. These exceptional near surface results include the thickest high grade zones of soft saprolite (clay)- hosted graphite mineralisation encountered to date. Managing Director Dr Julian Stephens commented, “We are delighted with the significant thicknesses of high-grade, saprolite-hosted graphite mineralisation intersected in the first aircore holes at Malingunde. The mineralisation is consistent from near-surface through the entire 20 to 30m thick saprolite profile giving us significant confidence in the deposit as we move closer to our maiden JORC resource estimate for Malingunde.” At Malingunde, saprolite-hosted graphite mineralisation has been identified in diamond, aircore and hand auger drilling over 3.4km of strike with cumulative across strike widths locally exceeding 200m and averaging about 120m. Recent aircore resource drilling shows excellent thicknesses and continuity of high-grade, saprolite hosted graphite mineralisation. The aircore resource drilling program completed in late 2016 comprised 180 holes for 5,517 metres. To date, assay results for a total of 22 aircore holes have been returned and are presented in this report. | |
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