Baobab Resources plc is pleased to present an update of activities at the Massamba Group iron / vanadium / titanium project where a 160 million tonne resource upgrade was announced on 30 August 2011.
Highlight
1. Resource drilling programs at the Massamba prospects of Ruoni North and South have been completed.
2. Analytical results from holes on the first two Ruoni North drill traverses have been returned. The traverses, spaced 170 meters apart defined a broad, heavily mineralized zone from surface dipping moderately to the southwest.
3. Significant drill intercepts up to 73 meters in length, report an average head grade of 41% Fe with saleable DTR concentrate grades averaging 58% Fe, 0.8% V2O5 and 13% TiO2 at a mass recovery of 46%.
4. All Chitongue Grande resource expansion drill samples have reached the ALS laboratory in Australia. Consultant, Coffey Mining Pty Ltd, has commenced preliminary data validation and geological modelling.
5. Drilling has commenced at the Tenge prospect.
Mr Ben James MD of Baobab said "Baobab is pleased to announce that it has completed the scheduled 2011 drilling campaigns required to define the targeted resource base of 300Mt at the Massamba Group. Drilling is continuing in the Tenge area where the Company believes there is an exceptional opportunity to add substantially to the resource inventory.
0 comments:
Post a Comment