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Strandline Resources Ltd.
Summary
| Project: | Bagamoyo | |
|---|---|---|
| Deposit: | Bagamoyo | |
| Location: | Tanzania | |
| Commodities: | Rutile-Zircon-Ilmenite-Leucoxene | |
| Date: | 3/12/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-3-2018: Strandline Resources Ltd. announces an Exploration/Drilling Update report for its Bagamoyo deposit at the Bagamoyo project. Drilling results incl. 5m @ 6.4% THM, 15% slimes from 0m. Strandline Resources (ASX:STA) is pleased to announce that the | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Brendan Cummins (Internal) | |
| ABSTRACT: | Strandline Resources (ASX:STA) is pleased to announce that the maiden auger drilling program at its Bagamoyo mineral sands project in Tanzania has returned strong results. The assays show that the mineralisation continues below the extensive soil anomaly outlined last year. The wide spaced auger drilling was completed over the BG-2, BG-3, BG-4 and BG-5 soil, radiometric and topographic anomalies at Bagamoyo. The auger program was designed to rapidly evaluate the potential thickness of mineralisation across the previously discovered higher grade zones at Bagamoyo (refer announcement 04 October 2017). The auger drilling confirmed the presence of higher grade mineralisation at surface while also identifying down hole THM grade at depth, emphasising the overall grade and scale potential of the Bagamoyo project. The Company believes the Bagamoyo area is highly prospective and represents a significant new mineral sands province in Tanzania. Following the success of this auger activity, Strandline fast tracked a modest air core drill program over several higher grade zones. Results from the program are pending. Strandline Managing Director Luke Graham said: “These auger results enhance our understanding of the original Bagamoyo discoveries and show good thickness of higher grade sand from surface (and open at depth) across a series of large mineral sand anomalies. The Company subsequently executed its first phase of air core reconnaissance drilling to maintain momentum on the project prior to the onset of the wet season. | |
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