2000m Campaign At Vanadium Project In Brazil
Jangada Mines plc (AUM:JAN) has commenced a follow-up 2,000-metre drilling programme at its 100%-owned Pitombeiras Vanadium Project in Ceara State, Brazil.
Executive Chairman, Brian McMaster, said the company continues to advance its Pitombeiras Vanadium Project, which has an Initial NI 43-101 compliant Mineral Resource of 5.70Mt at an average grade of 0.51% V2O5, 10.09 % TiO2 and 50.42% of Fe2O3, that was announced in August 2020.
The second-phase of the 2020 diamond drilling (DD) programme has been designed to increase resources by 10Mt; and on completion, as announced September14. 2020, will form part of a Preliminary Economic Assessment that has been commissioned by the company and is targeted to be released Q1 2021.
Drilling will commence at the Pitombeiras North target for a total of 28 shallow drill holes aimed at testing the lateral continuity of the vanadium titanomagnetite mineralisation (‘VTM’) and improve the actual mineral resource categories. Subsequent to Pitombeiras North, the drilling will be moved to the Pitombeiras South and Goela targets.
The drill holes are planned to have an inclination between 50 to 90 degrees in relation to the surface level with depths ranging from 40m to 60m. The oxide zone will be drilled at an HQ diameter (63.5 mm) and will be reduced to a NQ2 diameter (50.6mm) on the fresh rock interface. The drilling programme will be conducted by Servdrill Perfuração e Sondagem Ltda, a company with extensive experience in Brazil, at a rate of 10 hours per day and is scheduled to be completed in ±90 days.
“We are pleased to have restarted our 2020 drilling campaign. This additional 2,000 metres of diamond drilling will further substantiate our mineral resource footprint within our three priority targets, building upon the strong initial resource we have already defined from drilling to-date,” Mr McMaster said.
“The programme is focused on step-out drilling aimed at delineating the ore body extensions for resource increase and upgrade of current inferred categories.
“While drilling is ongoing, results will be released as they become available and we continue to advance on the other key aspects of the Pitombeiras Project development, including an updated logistics’ study, metallurgy work, and refining our planned processing route.”
