Mkango begins major drilling programme at Songwe
Aim- and TSX-V-listed Mkango Resources has started a major diamond drilling programme at its Songwe Hill rare earths project, in Malawi.
The drilling programme, the Canadian mineral exploration and development company explained, is a key component of the feasibility study for Songwe, which is being fully funded by Noble Group subsidiary Talaxis.
The drilling programme is for a minimum of 5 000 m and will be focused on infill, step-out and geotechnical drilling. Over 50 drill pads have been constructed along with new access roads and enlarged camp infrastructure.
Two successful drilling programmes were completed at Songwe in 2011 and 2012, respectively, totaling about 6 850 m and culminating in a maiden mineral resource estimate, Mkango noted.
An updated mineral resource estimate is targeted for completion by the end of this year.
On Mkango publishing a National Instrument 43-101 technical report in relation to the updated mineral resource estimate, Talaxis will invest a further £7-million to fund the completion of the feasibility study for Songwe.
In the coming weeks, Mkango will be hosting investor and analyst site visits to Songwe and the Thambani uranium/tantalum/niobium project, also in Malawi.
“We are delighted to announce the start of the drilling programme at Songwe. This is a culmination of extensive preparatory work completed over recent months and we are excited to kick off what will be the largest drill programme to date at Songwe,” said Mkango CEO William Dawes.
He added that Mkango is fully funded to complete a feasibility study with a clearly defined pathway to production.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation