RE: Shocked when I stumbled upon it and read recent RNS...20 Sep 2020 06:43
25 November 2019
for rainbow rare
- 2 borehole samples analysed - including sections of 13.87m @4.85% Total Rare Earth Oxides ("TREO") and 11.64m @ 3.86% TREO
Alongside the laboratory testing of approximately 100 samples of Kiyenzi drill core, Rainbow now intends to complete the current Phase 1 drilling campaign by moving the rig to drill the four remaining airborne magnetic anomalies (which range from 300 metres to 2,700 metres in diameter), which will be completed by the end of June 2018.(note possible size)
https://pensana.co.uk/wp-content/uploads/2020/09/4-August-2020-RC-Drill-Results-update_-Final.pdf
basically at 20m @ 5%treo
Thick surface blanket of high-grade NdPrmineralization over 1.5 kilometres (pensara)(from presentation)
The Mineral Resource tonnage estimate is highly sensitive to the grade cut-off employed. This indicates the presence of a considerable quantity of mineralisation within the deposit. It is possible that Kiyenzi is connected to the carbonatite source, conjectured to be the motherlode of the vein stockworks found across the mining licence area, and warrants further investigation. Indeed, the latest mineralogy, petrography, geochronology, structural and fluid inclusions data from a PhD study (in preparation) have finally confirmed that the Gakara REE mineralisation is derived from a carbonatitic source.
bit basic but find in that what you want but the pensana has alot off ore but alot off it is very low grade!!! (they changed the prespectus to hide this)imho etc dyor
313 million tonnes at 1.43% REO including 0.32% NdPr for 4,470,000 tonnes of REO including 990,000 tonnes NdPr(pensana)
the big problem with us is that the country is burundi not the best......
anyway im still looking forward to jorc ive taken profit but still have a fair bit left (free shares left)
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