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Additional Drilling Results at Vanadium Project
Additional Drilling Results at Vanadium Project.
About this update from Jangada Mines Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6430U\n Jangada Mines PLC\n 07 April 2021\n \n \n \n \n Jangada Mines plc / EPIC: JAN.L / Market: AIM / Sector: Mining\n \n 7 April 2021\n \n Jangada Mines plc\n \n \n \n \n Additional Drilling Results at Pitombeiras Vanadium Project\n \n \n \n Jangada Mines plc ('Jangada' or 'the Company'), a natural resources company, is pleased to announce two additional drill results of the second phase drilling programme at its 100% owned Pitombeiras Vanadium Project ('Pitombeiras Project' or 'the Project') located in Ceará State, Brazil. The 2,000-metre diamond drilling ('DD') programme, which commenced in October 2020, continues to evaluate the structural corridor associated with the known vanadium titanomagnetite ('VTM') mineralisation, including the Pitombeiras North, Pitombeiras South and Goela deposits.\n \n Highlights:\n \n · 19 drill holes completed to date for a total of 1,245.90 linear metres.\n \n · 14 holes intersected VTM mineralisation, and 12 holes' results have been received from laboratory.\n \n · Results recently received indicate that the VTM mineralisation on the Southern portion of deposit area remains open for resources expansion:\n \n o 22.22 metres from surface at 0.62% vanadium pentoxide ('V2O5'), 12.07% titanium dioxide ('TiO2') and 58.97% ferric oxide ('Fe2O3'), including 4.40 metres at 0.78% V2O5, 14.40% TiO2 and 68.29% Fe2O3\n \n o 4.58 metres at 0.39% V2O5, 7.84% TiO2 and 39.06% Fe2O3\n \n · Advancing other workstreams including metallurgical testworks, petrographic and mineralogical studies, and a detailed topographic drone survey - an environmental baseline study is on course to start early this month.\n \n \n Brian McMaster, Executive Chairman of Jangada, said:\n \"The drill results continue to provide us with valuable information about the Pitombeiras North deposit, underpinning grade and length consistencies and demonstrating footprint extensions beyond the known resource area. The Pitombeiras North deposit continues to be opened at its south-eastern, south-western, and north-north-eastern portions, reinforcing our confidence on the increase of the existing mineral resources, which will further strengthen the economics of the PEA. Likewise, Jangada continues to further advance key project development initiatives, which are all part of...