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Final high-grade intersections at Longonjo
Final high-grade intersections at Longonjo.
About this update from Pensana Plc
[{"type":"text","content":"\n \n \n RNS Number : 9872U\n Pensana Rare Earths PLC\n 04 August 2020\n \n \n \n \n \n \n \n 4 August 2020\n \n \n \n \n \n \n \n \n \n \n \n Final drill results include further high-grade intersections in fresh rock below pit design\n \n \n \n \n \n Pensana Rare Earths Plc (LSE: PRE, ASX: PM8) is pleased to report the final assay results from the last 86 holes of the 8,000 metre drill programme completed at the Longonjo NdPr Project in Angola.\n \n \n \n \n \n The programme is in support of a Bankable Feasibility Study which is due to be reported in mid-October.\n \n \n \n \n \n The latest results confirm the continuity of the weathered zone mineralisation from surface and also outline a wide area of mineralisation in fresh rock immediately below the current pit design that could add an extra dimension to the project beyond the initial mine life\n .\n \n \n \n \n \n · \n \n Initial Mine Plan\n \n : Latest and final results continue to confirm the continuity of high grade rare earth mineralisation from surface in the weathered zone. The Company expects to upgrade substantial amounts of Inferred mineralisation to higher categories, supporting an extended mine life.\n \n \n \n \n \n · \n \n Fresh rock mineralisation - adding a whole new dimension to the project:\n \n Wide, continuous high-grade intersections grading 2% to 4% REO have been returned from the fresh rock immediately below the weathered zone. The mineralisation remains open below the 80 metre drill depth and to the north and west. The reported grades and potential size of the further mineralisation are very encouraging and whilst not currently included in the current Bankable Feasibility Studies work has commenced on including this mineralisation in the overall development of the project.\n \n \n \n \n \n · \n \n New Mineral Resource estimate:\n \n Work has commenced on an updated Mineral Resource estimate to be reported in September 2020.\n \n \n \n \n \n \n \n \n Intersection highlights from the new drill results include:\n \n \n \n \n \n Weathered Zone:\n \n \n \n \n \n \n Drill hole\n \n \n Intersection*\n \n \n \n \n LRC295: 18 metres\n \n at 7.93% REO including 1.50% NdPr from surface\n \n \n \n LRC298: 22 metres \n \n at 6.69% REO including 1.30% NdPr fr...