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Findings from Sudan and Ram Resources & DNi update
Findings from Sudan and Ram Resources & DNi update.
About this update from Corcel Plc
[{"type":"text","content":"\n \nRNS Number : 8645U Regency Mines PLC 06 December 2013 \n \n\nRegency Mines Plc\n(\"Regency\" or the \"Company\")\nInitial findings from Jebel Abyad, Sudan\nUpdates on Ram Resources and DNi\n6th December 2013\nRegency Mines plc, (\"Regency\" or \"the Company\"), a mining exploration and mineral investment company with interests in nickel and other minerals in Australia, Africa and Papua New Guinea is pleased to announce the completion of a field programme to the Jebel Abyad concession in Sudan, a project where Regency has farm-in rights under an option agreement with International Mineral Resources (Agrominerals Sudan) Ltd (\"IMRAS\"), and other updates.\nHighlights\n· Confirmation of exploration model at Jebel Abyad\n· Formations of interest identified at Jebel Abyad, samples taken, and results awaited\n· 19.9% owned Ram Resources Ltd (ASX:RMR) identifies 17 VTEM anomalies at Fraser Range\n· Soil sampling survey at Fraser Range to complete this month \n· Process validation report on the DNi (\"Direct Nickel Ltd\") lateritic nickel extraction technology near completion \nSudan\nFurther to the announcement released on 1st November, RGM's technical team has completed the reconnaissance exploration programme to the Jebel Abyad concession area. The technical team, supported by an independent consultant with phosphate discovery expertise, geologists from the Sudanese Ministry of Minerals, and a Sudanese logistics team, spent 9 days within the Jebel Abyad concession area exploring for signs of phosphate deposition. Field activities consisted of geological mapping, soil sampling, handheld scintillometer readings and ASTER multispectral imagery analysis.\nThe exploration model tested and now confirmed was whether the sedimentary rocks of the Jebel Abyad area, assumed to be Upper Cretaceous to Eocene in age, represent an embayment along the southern shore of the Tethyan Ocean, a prolific trend known to host world class phosphate deposits.\nDuring the expedition 141 rock chip samples and 42 soil samples were collected, a selection of which have been shipped to ALS Mineral Laboratories in Ireland for phosphate analysis. Results are expected in the coming weeks. \nThe technical team ...