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(Sharecast News) - Mkango Resources announced the completion of an "extensive" hand-auger drilling and soil sampling programme to identify rutile prospects within its 869 square kilometre Mchinji licence in Malawi's Mchinji district on Thursday, held by its wholly-owned subsidiary MKA Exploration.
The AIM-traded firm said four geological teams had completed 75 auger drill holes containing 581 samples, with a further 446 soil samples collected from a soil sampling programme on a regular 500 metre sampling grid, with 21 soil samples collected from other points of interest.
It said all samples had now been transported overland from Malawi to a specialist assay laboratory, Scientific Services, in Cape Town, South Africa.
"Preparation of samples for heavy mineral separation is in progress, following which detailed mineralogical analysis will take place," the board said in its statement.
It said it would update the market further once it had evaluated the assay and mineralogical results.
"The auger holes included a grid of holes centred around hole A6, drilled in June to 8.9 metres depth, which produced nine consecutive samples that contain between 4.10% and 9.01% total heavy minerals and grade between 3.17% and 4.09% titanium dioxide."
At 1146 GMT, shares in Mkango Resources were down 3.84% at 12.5p.
29 Nov 2019 18:01
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