Results have been received from five cross sections completed in Blocks 2, 6 and 7. In one Block 2 cross section there were three significant intercepts, totalling 84 metres, including 36 metres @ 60.4% iron, 0.62% vanadium pentoxide and 33.8% mass recovery from 51 metres. In another cross section there was one significant intercept of 148 metres @ 59.4% iron, 0.62% vanadium pentoxide and 37.6% mass recovery from 52 metres.
In a Block 6 cross section there were two significant intercepts, totalling 53 metres, including 43 metres @ 58.2% iron, 0.60% vanadium pentoxide and 22.6% mass recovery from 82 metres including 8 metres @ 62.4% iron, 0.67% vanadium pentoxide and 35.0% mass recovery from 87 metres. There were also two significant intercepts in a Block 7 cross section, totalling 87 metres, including 77 metres @ 58.5% iron, 0.60% vanadium pentoxide and 28.6% mass recovery from 52 metres.
Thirteen drill holes are undergoing analysis in Australia with an additional 14 drill holes either being processed at the Tete sample preparation facility or in transit to Australia.
Resource and scout drilling is scheduled to begin in the Chitongue Grande Extension area and Tenge/Ruoni prospect.
Baobab’s managing director Ben James says, “The results further demonstrate the robust nature of the South Zone prospect. The company and its consultants are working to deliver a resource estimate for South Zone as expediently as possible.
“Drilling at South Zone has taken longer than anticipated due primarily to the substantial amount of step-out drilling required to close off mineralization.
“Rigs will be mobilizing shortly for the Chitongue Grande Extension area to begin resource drilling. Drilling is also scheduled to begin at Tenge/Ruoni where a substantial aeromagnetic target has been identified.”
The Tete project, covering an area of 632sqkm, is immediately north of the provincial capital of Tete and shares licence boundaries with Vale and Riversdale's mega coal projects. The project is strategically located to access abundant, low tariff hydro-electric power from existing and developing schemes on the Zambezi River. The ports of Beira and Nacala are being refurbished, as are the rail corridors through to Tete.
The project contains two areas of magnetite-ilmenite mineralization - the Singore area to the south and the Massamba Group trend in the north. The 8km-long Massamba Group trend is composed of a series of five prospects (Chitongue Grande, Pequeno, Caangua, Chimbala and South Zone) that have experienced little or no historical exploration.
The ASIA Miner editor John Miller interviews Gemcom Software International president Rick Moignard about the acquisition of the company by Dassault Systèmes, the 3DExperience Company. Click here
Martabe first gold pour imminent
G-Resources will pour first gold at its world-class Martabe Gold-Silver Project in North Sumatra, Indonesia, by the end of July. This is a major milestone for the company and for Indonesia, as stated by chief exexcutive officer Peter Albert in an interview with The ASIA Miner editor John Miller (click here).
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