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Strandline Resources Ltd.
Summary
| Project: | Sudi | |
|---|---|---|
| Deposit: | Sudi | |
| Location: | Tanzania | |
| Commodities: | Rutile-Zircon-Ilmenite | |
| Date: | 3/14/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-3-2018: Strandline Resources Ltd. announces an Exploration/Drilling Update report for its Sudi deposit at the Sudi project. Drilling results incl. 25.5m @ 3.4% THM, 10.6% slime from 0m. Strandline Resources (ASX: STA) is pleased to announce that it has | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Brendan Cummins (Internal) | |
| ABSTRACT: | Strandline Resources (ASX: STA) is pleased to announce that it has discovered significant mineral sands intersections at its Sudi Project, which forms part of the joint venture (JV) area with Rio Tinto Mining & Exploration Limited (Rio Tinto) in Southern Tanzania. Assays from the first phase of air core drilling at Sudi, which is located 30km by sealed road from the port infrastructure of Mtwara, also show that the discovery has a high-value assemblage, particularly zircon and titanium. Under the terms of the JV, Rio Tinto is funding the exploration programme, which is being conducted by Strandline (see ASX releases dated 26 April 2017 and 26 June 2017). Drilling of the Sudi tenements formed part of the JV’s regional screening programme across four project areas along 200km of coast extending north from the Tanzania-Mozambique boarder (which include the Miteja, Kiswere, Mtwara and Sudi prospects). The regional programme comprised 366 AC drill holes totalling 6134m. Results from the other project areas will be interpreted over the coming months. Strandline Managing Director Luke Graham said the Sudi discovery shows strong potential to add substantial value to the Company’s rapidly growing mineral sands asset base. “It is already clear that Sudi is an exciting discovery with high-value mineral sands content” Mr Graham said. “Sudi will add further value to our pipeline of mineral sands assets, which already include the Fungoni project development, where we have completed the Definitive Feasibility Study and have a binding offtake agreement in place, and the large-scale Tanga South (Tajiri) JORC mineral resource, where we recently doubled the Resource to 147 million tonnes at 3.1 per cent Total Heavy Minerals. | |
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