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Update on Sampling Results from the Coola Exp...
Update on Sampling Results from the Coola Exp....
About this update from Pensana Plc
[{"type":"text","content":"\n\n \n \n\n\n\n\n29 August 2023\n \n \nTHIS ANNOUNCEMENT CONTAINS INSIDER INFORMATION\n \nPensana Plc\n(\"Pensana\" or the \"Company\")\n \nUpdate on Sampling Results from the Coola Exploration Licence\n \nPensana is pleased to report on analytical results received from sampling at the Sulima West and Benge Novo targets completed in 2022. Both targets occur within the Coola Exploration License (No059/02/01/T.P/ANG-MIREMPET/2020) located 40 kilometres north of Longonjo. Results recently received include:\n\nanalytical results from the soil sampling programme conducted over the Sulima West carbonatite rare earth element (REE) target in October of last year;\nwhole rock geochemistry and analytical results for the significant apatite-maghemite-monazite outcrop at Sulima West; and\nXRD, whole rock geochemistry and analytical results of Benge Novo alkaline complex deeply weathered clays for bauxite and ionic clay potential. Sampling highlights include:\n\nsoil sampling at Sulima West clearly identifies an area of approximately 500 x 300 m (~15 hectares) with > 2% TREO in soils with a core zone of high-grade soils reporting >4% TREO;\nwhole rock geochemistry results from the apatite-maghemite-monazite sample returned 22% P2O5, 26.8% CaO, 40.5% Fe2O3 and 0.7% TREO; and\nclays at Benge Novo returned grades of up to 1600 ppm TREO.Exploration activities are scheduled to continue throughout 2023 with geophysical surveys (magnetics/radiometrics/gravity) commissioned for Q3 2023, and further mapping, trenching, sampling and mineralogical studies scheduled for the remainder of the year. \nExploration Manager, Grant Hayward, commented:\n“We are extremely happy with the results of the soil sampling over Sulima West which identified an area of roughly 15 hectares with greater than 2% TREO in soils. The soil anomaly includes the Trench 1 where very encouraging REE results were sampled (14 Nov 2022: Exploration Results from Coola Exploration License). \nIt is suspected that the REE enriched regolith represents the near surface expression of a deeply weathered supergene enriched carbonatite as is the case at Longonjo. In addition, high grade, regolith hosted, residual apatite has been identified at Sulima West with grab samples of over 20% P2O5 reported.\nGround geophysical surveys including magnetics/radiometri...