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Sovereign Metals Ltd.
Summary
| Project: | Malingunde | |
|---|---|---|
| Deposit: | Malingunde | |
| Location: | Malawi | |
| Commodities: | Graphite | |
| Date: | 3/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 19-3-2018: Sovereign Metals Ltd. announces an Exploration/Drilling Update report for its Malingunde deposit at the Malingunde project. Drilling results incl. 15m @ 15.1% TGC from 14m. 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 third batch of assay results from the 2017 aircore drilling program completed on its 100%-owned saprolite-hosted flake graphite projects in Malawi. The results represent drilling on a new zone of saprolite-hosted graphite mineralisation at Msinja, 1.5km to the south-east of the southern-most part of the main Malingunde deposit. Aircore drilling at Malingunde, and other regional targets 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 Msinja and other targets at Lifidzi, some 35km to the south-east. The drilling at Msinja has defined a new and significant zone of high-grade saprolite-hosted graphite mineralisation over approximately 1km of strike. The mineralisation at Msinja will potentially add significantly to the overall resource base. The Company is targeting an updated JORC resource estimate to be delivered in Q2 2018. Sovereign’s Managing Director Dr Julian Stephens commented, “The new graphite zone at Msinja is a fantastic discovery for Sovereign as it demonstrates high-grade, saprolite hosted graphite mineralisation is developed over a strike length in excess of 7km. This gives us further confidence that we will grow the global resource by discovery of additional new deposits to support a multi-generational graphite mining centre, with one of the lowest cost production profiles globally.” | |
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