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Drill Results from Pitombeiras North and Goela
Drill Results from Pitombeiras North and Goela.
About this update from Jangada Mines Plc
[{"type":"text","content":"\n \n \n RNS Number : 6624S\n Jangada Mines PLC\n 10 July 2020\n \n \n \n To view the announcement with the illustrative maps and diagrams please use the following link:\n \n http://www.rns-pdf.londonstockexchange.com/rns/6624S_1-2020-7-10.pdf\n \n \n \n \n Jangada Mines plc / EPIC: JAN.L / Market: AIM / Sector: Mining\n \n \n 10 July 2020\n \n \n Jangada Mines plc\n \n \n \n \n \n Additional Drilling Results from Pitombeiras North and Goela Targets\n \n \n \n \n \n Jangada Mines plc ('Jangada' or 'the Company'), a natural resources company, is pleased to announce additional high-grade drilling assay results from its diamond drilling ('DD') programme at its Pitombeiras Vanadium Project ('Pitombeiras' or 'the Project') in Brazil. The programme has evaluated the structural corridor associated with the known vanadium titanomagnetite ('VTM') mineralisation, which includes the Pitombeiras North and Pitombeiras South anomalies and the newly discovered Goela VTM targets.\n \n \n \n \n \n Highlights:\n \n \n · \n Final assay results received from the Pitombeiras North Target\n \n \n o \n 25.25 metres at 0.56% vanadium pentoxide ('V2O5'), 10.81% titanium dioxide ('TiO2') and 54.01% ferric oxide ('Fe2O3'), including 7.00 metres at 0.73% V2O5, 14.14% TiO2 and 68.91% Fe2O3 on drillhole DD20PI21\n \n \n · \n First drilling result received from the Goela Target\n \n \n o \n 13.50 metres at 0.60% V2O5, 12.05% TiO2 and 58.97% Fe2O3, including 3.30 metres at 0.74% V2O5, 14.40% TiO2 and 64.53% Fe2O3 on drillhole DD20PI22\n \n \n \n \n \n \n Brian McMaster, Executive Chairman of Jangada, said:\n \n \n \"We have received the last drill results from the Pitombeiras North target, which at 0.56% V2O5is above the 0.539%\n \n \n \n V2O5average grade to date. This concludes a successful drilling campaign at this target, which has confirmed consistent grades, widths and continuity, marking a great achievement from our exploration team. The first drill result from the Goela Target has also shown grade consistency and we are now awaiting the last five remaining results, which should be reported in the next couple of weeks. We will then be able to begin calculating our initial JORC Resource estimate and preparing the accompanying technical report.\"\n \n \n \n \n \n Further Inform...