Sovereign Metals Limited has reported that it has initiated a follow-up 400 m spaced drill programme at its tier one Kasiya Rutile-Graphite Project (Kasiya) in Malawi.
The programme will focus on determining the boundaries and extent of mineralisation north of the known Mineral Resource Estimate (MRE) area.
The 70+ hole hand-auger drill programme has been designed to target areas where mineralisation was identified in earlier wide-spaced regional hand-auger drilling. The target area is up to 20 km north of the current MRE boundary. Drilling is currently underway and will be completed in the coming weeks. Four hand-auger teams have been deployed under the supervision of Sovereign’s in-country technical team.
Samples will be initially processed in the company’s Lilongwe own lab facility and then shipped for final analysis at certified international laboratories. Results from the drill programme are expected in the coming weeks.
Highlights:
- Wide-spaced regional follow-up drilling for the Kasiya Project underway focusing on the region to the north of the current resource footprint, with results from the drill programme expected in the coming weeks.
- Recently reported reconnaissance drilling to the south identified an 8 km extension of mineralisation which remains open along strike and at depth.
- Kasiya is already the largest natural rutile deposit and second-largest flake graphite deposit in the world.
- Kasiya’s current MRE of 1.8 billion t at 1.0% rutile and 1.4% graphite comprises broad and contiguous zones of high-grade rutile and graphite that occur across an area of over 201km2.
- Optimisation programme for the Kasiya Project continues in conjunction with Sovereign’s strategic investor, Rio Tinto.