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Vanadium Deposit Sampling & Metallurgical Results
Vanadium Deposit Sampling & Metallurgical Results.
About this update from Jangada Mines Plc
[{"type":"text","content":"\n \nRNS Number : 2573U Jangada Mines PLC 23 October 2017 \n\nJangada Mines plc / EPIC: JAN.L / Market: AIM / Sector: Mining\n23 October 2017\n Jangada Mines plc ('Jangada' or the 'Company')\n \nSignificant Vanadium Deposit Sampling and Metallurgical Results \nat the Pedra Branca Platinum Group Metals Project in Brazil\n \nJangada Mines plc, a natural resources company developing South America's largest and most advanced platinum group metals ('PGM') project, is pleased to announce positive sampling and metallurgical test results from the vanadium deposit occurring at its Pedra Branca PGM project in north-eastern Brazil ('the Project'), as part of its strategy to increase by-product credits.\n \nOverview\n· Results highlight high-grade vanadium-titanium-iron mineralisation\no Grades in outcrop samples from five locations average 0.33% vanadium, 5.0% titanium and 53% iron\no Grade and rock chemistry between samples showing consistent low variance\no Strong market dynamics for vanadium pricing\n· Vanadium deposit associated with a large magnetic anomaly identified by Anglo American Platinum Exploration in 2015\n· Company on track to complete Scoping Study in the near term, with a view to commencing trial mining early 2018\n \nBrian McMaster, Executive Chairman of Jangada said, \"In addition to the already quantified PGM, cobalt, nickel, copper and chrome resources at Pedra Branca, the vanadium results demonstrate the significant exploration potential of the 44 exploration licenses over the 55,000 ha that Jangada holds in the area. The prospectivity of the Project's tenements is highly encouraging: at least 11 other PGM targets have also been confirmed by drilling and forms the basis for our target to significantly increase resources from the current c.1 million ounces PGM+Au. \n \n\"We remain focused on executing our objective of developing South America's largest and most advanced PGM resource, targeting trial production in early 2018, while systematically unlocking the additional regional upside. Vanadium is particularly exciting given its increasing usage in grid scale vanadium redox flow batteries for solar and wind energy storage and continuing traditional demand from the high technology and s...