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VDM Group Ltd.
Summary
| Project: | Cachoeiras do Binga | |
|---|---|---|
| Deposit: | Cachoeiras do Binga | |
| Location: | Angola | |
| Commodities: | Gold | |
| Date: | 3/15/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-3-2019: VDM Group Ltd. announces an Exploration/Drilling Update report for its Cachoeiras do Binga deposit at the Cachoeiras do Binga project. Drilling results incl. 6.35m @ 3.66% Cu from 47.1m. VDM Group Limited (VDM or the Company) (ASX: VMG) is plea | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Pengfei Xiao (SRK Consulting Ltd.) | |
| ABSTRACT: | VDM Group Limited (VDM or the Company) (ASX: VMG) is pleased to advise that it has received the chemical assay results from ALS for the first phase of drilling at the Company’s Cachoeiras do Binga (CdB) Copper Project in Angola (65% owned in VDM). The CdB Project is located east of the regional capital and coastal city of Sumbe (airport and port) and approximately 385 km south of the Angolan capital city of Luanda. The CdB Project covers 3,854kms 2 and is approximately 32kms from East to West and 129kms from North to South. The CdB Project shows characteristics of a typical central African sediment-hosted copper deposit. The Phase One Drilling Program comprised a total of 41 diamond core holes for a cumulative total of 3,903 metres. Twenty (20) holes were drilled in Areas 1, 2 and 3 to verify historical information; whilst twelve (12) holes were drilled in Area 4 and nine (9) holes in Area 5 and were aimed at investigating targets generated from geological mapping, geochemical and geophysical information. A map of the location of the drill-holes overlaid on the tenement blocks follows at Figure 3 in Appendix A. The depths of the completed diamond core holes varied from 31 metres to 273 metres with an average depth of 95 metres. A list of the hole collars is included at Table 1 in Appendix A. A total of 843 samples were collected from the half cores of the mineralised intervals and boundaries. The samples were crushed before being sent to ALS in Guangzhou, China for analysis. | |
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