Sovereign Metals Limited: Drilling Extends High-Grade Rutile Mineralisation to +3.4km Strike at Kasiya
(firmenpresse) -
Sovereign Metals Limited (the Company or Sovereign) is pleased to report further drilling results from the Kasiya Prospect (Kasiya) which have significantly extended the high-grade rutile zone along strike. The mineralisation all occurs from surface and is hosted in soft, free-dig, friable saprolite.
HIGHLIGHTS
- Phase 2 drilling results extend high-grade rutile mineralisation to +3.4km strike length and +1.8km surface width
- Mineralised zone continues to be open along strike in both directions and open laterally to the south-east
- Results demonstrate the very large-scale potential of the Kasiya rutile discovery
- Key Phase 2 drilling results received include:---
- 5m (at) 1.43% rutile inc. 2m (at) 2.04% rutile from surface
- 15m (at) 1.12% rutile inc. 3m (at) 1.46% rutile from surface
- 11m (at) 1.02% rutile inc. 3m (at) 1.23% rutile from surface
- 8m (at) 0.95% rutile inc. 4m (at) 1.36% rutile from surface
- 7m (at) 1.13% rutile inc. 3m (at) 1.55% rutile from surface
https://www.irw-press.at/prcom/images/messages/2020/51464/200408 Kasiya HA Phase 2_FINALPRcom.001.jpeg
Figure 1. Kasiya drill plan showing extents of rutile mineralisation and locations of Phase 1 (previously reported) and Phase 2 drill-hole collars
- Extensional and in-fill drilling at Kasiya continues with additional sample batches already in Perth (Phase 3) for laboratory analysis and in transit (Phase 4)
- Further drill results for the sand-hosted Bua Channel alluvial rutile prospect are also expected in the coming weeks
- Covid-19: The drilling team remains operational at Kasiya whilst we have taken the precautionary step of temporarily suspending activity at our Lilongwe office. The Company anticipates no near-term impact on current drilling rates or sample preparation activities
Sovereigns Managing Director Dr Julian Stephens commented:
Kasiya is now showing a large areal footprint of high-grade rutile from surface with mineralisation remaining open in most directions. These results confirm our belief that Kasiya and surrounding prospects could collectively develop into a very large rutile deposit group. We are looking forward to receiving the results from the next round of drilling samples as Kasiya continues to expand.
ENQUIRIES
Dr Julian Stephens Sam Cordin (Perth) Sapan Ghai (London)
(Perth) +61(8) 9322 6322 +44 207 478 3900
Managing Director
+61(8) 9322 6322
https://www.irw-press.at/prcom/images/messages/2020/51464/200408 Kasiya HA Phase 2_FINALPRcom.002.jpeg
Figures 2 and 3. Sovereign field team hand-auger drilling at Kasiya
KASIYA EXTENSIONAL DRILL PROGRAM
Results for Phase 2, comprising further 19 shallow hand-auger holes for 220m over three drill-lines are presented in this report. This brings the total number of holes reported to 38 (Phases 1 & 2 combined), over five east-west drill lines. The Phase 2 results significantly expand the high-grade rutile zone that occurs from surface and is hosted in soft, friable saprolite.
The Kasiya high-grade rutile prospect is now shown to be +3.4km in strike length and +1.8km in surface width. The mineralised zone is open along strike in both directions and open laterally to the south-east with a hard boundary identified only along the north-west margin at this stage.
High-grade rutile was encountered as deep as 15m below surface in some holes and has an average thickness of approximately 7m to 8m.
Additionally, Kasiya is within regional proximity to the previously reported Railroad saprolite-hosted prospects which suggests the potential for cumulatively large to very large tonnages of rutile mineralisation within a small radius across a number of prospects.
https://www.irw-press.at/prcom/images/messages/2020/51464/200408 Kasiya HA Phase 2_FINALPRcom.003.png
Figures 4 and 5. Map showing Kasiya and other surrounding saprolite hosted rutile prospects and targets (left) and a surface, rutile-rich heavy mineral slick in a roadside drain near Kasiya
Key shallow hand-auger results from the Phase 2 drilling include:
- 5m (at) 1.43% rutile inc. 2m (at) 2.04% rutile from surface
- 11m (at) 1.02% rutile inc. 3m (at) 1.23% rutile from surface
- 15m (at) 1.12% rutile inc. 3m (at) 1.46% rutile from surface
- 8m (at) 0.95% rutile inc. 4m (at) 1.36% rutile from surface
- 7m (at) 1.13% rutile inc. 3m (at) 1.55% rutile from surface
https://www.irw-press.at/prcom/images/messages/2020/51464/200408 Kasiya HA Phase 2_FINALPRcom.004.jpeg
Figure 6. Cross section 8480000 at Kasiya showing some of the high-grade rutile mineralisation intersected in Phase 2 drilling
Key shallow hand-auger results from Phase 1 drilling and previously reported on 16 March 2020 include:
- 7m (at) 1.27% rutile inc. 3m (at) 1.80% rutile from surface
- 8m (at) 1.17% rutile inc. 5m (at) 1.30% rutile from surface
- 14m (at) 0.92% rutile inc. 3m (at) 1.38% rutile from surface
- 13m (at) 1.09% rutile inc. 3m (at) 1.27% rutile from surface
- 10m (at) 1.06% rutile inc. 4m (at) 1.46% rutile from 6m
https://www.irw-press.at/prcom/images/messages/2020/51464/200408 Kasiya HA Phase 2_FINALPRcom.005.jpeg
Figure 7. Cross section 8478200 at Kasiya showing some of the high-grade rutile intercepts from Phase 1 drilling
https://www.irw-press.at/prcom/images/messages/2020/51464/200408 Kasiya HA Phase 2_FINALPRcom.006.jpeg
Figure 8. Drill plan showing Phases 1, 2 and 3 of reported and pending shallow hand-auger holes at Kasiya
Shallow drilling results from Phase 2 at Kasiya are shown below in Table 1.
Table 1. Hand-auger results from Phase 2 drilling at the high-grade Kasiya rutile prospect
Hole ID Interval Rutile % From (m) Downhole
Thickness
KYHA0053 9m 1.03 surface
inc 5m 1.43 surface
inc 2m 2.04 surface
KYHA0054 11m 1.02 surface
inc 3m 1.23 surface
KYHA0055 9.5m 0.80 surface
inc 4.5m 0.92 5m
KYHA0056 3m 0.61 surface
KYHA0057 3m 0.69 surface
KYHA0058 3m 0.88 surface
KYHA0059 No significant results
KYHA0060 10m 0.65 surface
inc 3m 0.91 surface
KYHA0061 11m 0.79 surface
inc 3m 0.93 surface
KYHA0062 9m 0.68 surface
inc 2m 1.03 surface
KYHA0063 11m 0.84 surface
inc 3m 1.02 surface
KYHA0064 9m 0.80 surface
inc 5m 1.04 surface
KYHA0065 4m 0.50 surface
KYHA0066 15m 1.12 surface
inc 7m 1.25 surface
inc 3m 1.46 surface
KYHA0067 8m 0.95 surface
inc 4m 1.36 surface
KYHA0068 4m 1.25 surface
KYHA0069 12m 0.86 surface
inc 4m 1.34 surface
KYHA0070 7m 1.13 surface
inc 3m 1.55 surface
KYHA0071 No significant results
*Significant results are reported at 0.5% rutile lower cut-off.
COVID-19 UPDATE
Whilst a state of emergency has been declared by the Government of Malawi, only five confirmed cases of coronavirus have been detected in country to date. Sovereigns isolated field drilling team remains operational at Kasiya whilst we have taken the precautionary step of temporarily suspending activity at our Lilongwe office and sample preparation facility. All of these functions have been moved to the remote field camp in Kasiya and as such no impact on current drilling rates or sample preparation activities are currently anticipated.
The Company continues to actively evaluate the situation for all risks to employees, communities and general operational safety and will make any required adjustments as the situation evolves, or as required by the Government of Malawi.
FORWARD PLAN
Sovereign has identified a potentially globally significant, strategic rutile province across its large Malawi ground holding. The Malawi Rutile Province features two confirmed, discrete rutile mineralisation styles hosted respectively in sand and saprolite (soft, friable weathered material) which are both amenable to conventional processing. Rutile mineralisation identified to date has generally not been spatially constrained by drilling at either of the two main prospects, Kasiya and the Bua Channel Prospect.
The Company is targeting large resources that could support long-life, large-scale rutile production. Sovereigns ongoing rutile work programs to unlock the Malawi Rutile Province include:
- Extensional and in-fill drilling at Kasiya continues with additional sample batches already in Perth (Phase 3) for laboratory analysis and in transit (Phase 4)
- Additional drill results for the Bua Channel Prospect (sand-hosted) are also expected in approximately two weeks
- Exploration and drilling programs working towards significant maiden rutile Mineral Resources in late Q3 2020
- Mining and tailings studies commenced to accelerate a future scoping study
- Bulk-scale metallurgical test-work with sampling currently underway
- Continued regional exploration across the Companys large ground holding
Competent Persons Statements
The information in this report that relates to Exploration Results is based on information compiled by Dr Julian Stephens, a Competent Person who is a member of the Australian Institute of Geoscientists (AIG). Dr Stephens is the Managing Director of Sovereign Metals Limited and a holder of ordinary shares and unlisted options in Sovereign Metals Limited. Dr Stephens has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the ''Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves''. Dr Stephens consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Forward Looking Statement
This release may include forward-looking statements, which may be identified by words such as "expects", "anticipates", "believes", "projects", "plans", and similar expressions. These forward-looking statements are based on Sovereigns expectations and beliefs concerning future events. Forward looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of Sovereign, which could cause actual results to differ materially from such statements. There can be no assurance that forward-looking statements will prove to be correct. Sovereign makes no undertaking to subsequently update or revise the forward-looking statements made in this release, to reflect the circumstances or events after the date of that release.
This ASX Announcement has been approved and authorised for release by the Companys Managing Director, Julian Stephens.
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Datum: 08.04.2020 - 01:16 Uhr
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