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Final Drilling Results from Goela Targets
Final Drilling Results from Goela Targets.
About this update from Jangada Mines Plc
[{"type":"text","content":"\n \n \n RNS Number : 7456T\n Jangada Mines PLC\n 22 July 2020\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/7456T_1-2020-7-22.pdf\n \n \n \n Jangada Mines plc / EPIC: JAN.L / Market: AIM / Sector: Mining\n \n \n 22 July 2020\n \n \n Jangada Mines plc\n \n \n \n \n \n Final Drilling Results from Goela Targets\n \n \n \n \n \n Jangada Mines plc ('Jangada' or 'the Company'), a natural resources company, is pleased to announce final 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 five assay results received from the Goela Target, including:\n \n \n o \n 27.75 metres at 0.65% vanadium pentoxide ('V2O5'), 12.95% titanium dioxide ('TiO2') and 63.69% ferric oxide ('Fe2O3'), including 9.50 metres at 0.77% V2O5, 15.19% TiO2 and 72.44% Fe2O3 on drillhole DD20PI24\n \n \n o \n 29.00 metres at 0.59% V2O5, 11.96% TiO2 and 58.64% Fe2O3, including 7.00 metres at 0.79% V2O5, 15.41% TiO2 and 73.26% Fe2O3 on drillhole DD20PI26\n \n \n \n \n \n \n Brian McMaster, Executive Chairman of Jangada, said:\n \n \n \"The 2020 drilling campaign has been an overwhelming success, underpinning the significant prospectivity of Pitombeiras as a result of the consistency of returned grades, widths and continuity. The results of these latest and final drill holes have further confirmed this and also highlighted the effectiveness of our exploration approach of utilising airborne magnetic surveys to delineate VTM drilling targets. The Pitombeiras North and Goela targets are two out the six identified airborne magnetic anomalies and our technical team strongly believe that the VTM system will continue to grow as we expand our drilling footprint, which is now being considered as part of our ongoing development strategy. In the meantime, the 2020 drill results, together with results from our 2019 drill programme, will be used t...