LONDON (Alliance News) - Bushveld Minerals Ltd Thursday said it has received encouraging results from the assay results on the AB Zone of the Bushveld Vanadium Project in South Africa.
The group said an inaugural strike of around 1.7 kilometres was delineated for the AB Zone, adding additional infill drilling is set to start imminently on the back of recent drilling results from the site.
"These intersections on the AB Zone confirm that a suitable strike extent for this ore body exists at shallow levels. We will shortly begin infill drilling to quantify the grade and tonnage of this mineralisation into a JORC Mineral Resource Estimate, which we expect to complete in the first half of 2015," said Bushveld Chief Executive Officer Fortune Mojapelo.
Bushveld shares were up 0.8% to 3.275 pence on Thursday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Bushveld Minerals (BMN)