Business
Update on Exploration at Tantalite Valley Project
Update on Exploration at Tantalite Valley Project.
About this update from Kazera Global Plc
[{"type":"text","content":"\n \nRNS Number : 1631I Kazera Global PLC 07 August 2019 \n\n7 August 2019\nKazera Global plc\nUpdate on Exploration at the Tantalite Valley Project\nKazera Global plc (\"Kazera Global\", \"Kazera\" or the \"Company\"), the AIM quoted investment company which, through its stake in African Tantalum (Pty) Limited (\"Aftan\"), has an interest in the Namibia Tantalite Investment Mine (\"NTI\" or the \"Mine\") in Namibia is pleased to announce an update to its Tantalite Valley Project exploration programme including initial drilling results for the White City Pegmatite and additional results from channel sampling at Purple Haze. \nThe results are an important step towards expanding the high-grade Mineral at Homestead and Purple Haze and will guide the Phase 2 exploration step-out drilling which we expect to delineate further Mineral Resources. An update to the Mineral Resource estimate, that will include all the Phase 1 drilling results, is targeted before the end of the year.\nKazera, with technical input from MSA Group Pty Ltd (\"MSA\"), is planning a Phase 2 programme of approximately 2,000meters of drilling aimed at delineating further mineralisation at the White City, Homestead and Purple Haze projects and testing potential mineralised zones at Signaalberg. The Tantalite Valley pegmatites are highly prospective with only a fraction of the potential mineralised area being drill tested to date.\n \nPurple Haze\n· The Purple Haze channel sample grades confirm the particularly high concentrations of lepidolite mineralisation observed at surface on the eastern slope outcrop area, up to 1.81% Li2O over 3m\n· Four holes have recently been completed at Purple Haze; two short holes to obtain representative samples on the eastern slope area and two with the aim of extending the Mineral Resource westwards down-dip from the current Mineral Resource area\n· Visible tantalite and lepidolite occurs in all four holes and the sample assays are expected before the end of 2019\n· An update to the Mineral Resource estimate that will include the extended area, is expected before the end of 2019\nSignificant intersections at Purple Haze include:\n· 5 m @ 285 ppm Ta2O5 and 1.62% Li2O in channe...