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Sovereign Metals Ltd.
Summary
| Project: | Malingunde | |
|---|---|---|
| Deposit: | Malingunde | |
| Location: | Malawi | |
| Commodities: | Graphite | |
| Date: | 2/20/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 20-2-2018: Sovereign Metals Ltd. announces an Exploration/Drilling Update report for its Malingunde deposit at the Malingunde project. Drilling results incl. 18m @ 19.3% TGC from 6m. Sovereign Metals Limited (“the Company” or “Sovereign”) is pleased to re | |
| 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 second 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 Zone and other targets. The results for a further 68 holes show very wide and high-grade zones of saprolite-hosted flake graphite mineralisation with excellent consistency along strike, as well as substantial vertical thicknesses. The Company expects an updated JORC resource estimate will be delivered in Q2 2018 Sovereign’s Managing Director Dr Julian Stephens commented, “These results continue to show very wide, high-grade saprolite-hosted graphite mineralisation with up to ~200m cumulative surface width. The infill drilling has also highlighted excellent continuity of a number of very high-grade zones circa 12% to 20% TGC. 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.” | |
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