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Drilling Results from Pitombeiras North Target
Drilling Results from Pitombeiras North Target.
About this update from Jangada Mines Plc
[{"type":"text","content":"\n \n \n RNS Number : 1254N\n Jangada Mines PLC\n 18 May 2020\n \n \n \n \n Jangada Mines plc / EPIC: JAN.L / Market: AIM / Sector: Mining\n \n \n 18 May 2020\n \n \n Jangada Mines plc ('Jangada' or the 'Company')\n \n \n \n \n \n Additional Drilling Results from Pitombeiras North Target\n \n \n \n \n \n Jangada Mines plc ('Jangada' or 'the Company'), a natural resources company, is pleased to announce additional 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 To view the announcement with the illustrative maps and diagrams please use the following link:http://www.rns-pdf.londonstockexchange.com/rns/1254N_1-2020-5-17.pdf\n \n \n Highlights\n \n \n · \n Highest V2O5 grade intercept received to date at 0.75% \n \n \n · \n Results recently received include:\n \n \n o \n 45.83 metres at 0.50% vanadium pentoxide (V2O5), 9.64% titanium dioxide (TiO2) and 48.64% ferric oxide (Fe2O3), including 5.21 metres at 0.75% V2O5, 14.71% TiO2 and 68.76% Fe2O3 on drillhole DD20PI18\n \n \n o \n 29.64 metres at 0.53% V2O5, 10.66% TiO2 and 53.02% Fe2O3 on drillhole DD20PI17\n \n \n · \n Dry density measurements on core samples concluded\n \n \n \n \n \n \n Brian McMaster, Chairman of Jangada, said,\n \n \n \"Since we have completed our 2020 drilling campaign and demobilised the diamond drill rig and drilling crew from the field, we have been able to log and ship all the samples to SGS-Geosol laboratory, located in Belo Horizonte, Brazil. There remain assay results of 11 drill holes to be received, which we expect will take up until the end of June 2020. The results of these two newly received holes not only continue to show consistent Vanadium-Titanium-Iron grades and widths but has also returned the highest-grade intercept so far at 0.75% V2O5. On average, the Pitombeiras North Target has shown grades of 0.51% V2O5over 30.46 metres thickness, mostly starting on or near surface, on a grid of 50 metres by 100 metres, which brings the level of confidence nec...