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Mkango completes major Songwe Hill drill programme

Mkango Resources (AIM:MKA) has completed a 10,981m drilling programme at its Songwe Hill rare earths project in Malawi.
Mkango completes major Songwe Hill drill programme Mkango completes major Songwe Hill drill programme Mkango completes major Songwe Hill drill programme Mkango completes major Songwe Hill drill programme Mkango completes major Songwe Hill drill programme

Mkango has completed the largest drilling programme to date at its Songwe Hill project in Malawi

Staff reporter

The programme, which is part of the project's ongoing feasibility study, started in June, comprised 91 drill holes to a maximum depth of 220m and was Mkango's largest drill programme at Songwe to date.

The focus of the programme was to confirm and upgrade the existing indicated and inferred mineral resource estimates, test the extensions to the mineralisation, and carry out geotechnical drilling.

Mkango said eight diamond drill holes intersected further extensive zones of rare earths mineralisation.

Results included 51.6 m grading 1.9% total rare earth oxide (TREO), including 36.8 m grading 2.3% TREO; 161.1 m grading 1.3% TREO, including 31.2 m grading 1.7% TREO; 17.0 m grading 1.8% TREO; 38m grading 1.6% TREO; and 43.4 m grading 1.6% TREO and 38.9 m grading 1.6% TREO. 

These build on the first results from eight holes released last month.

Mkango is working towards announcing the results from the remaining 75 drill holes totalling 9,259m.

The company's shares were up 5.65% Tuesday to 8.88p (US12c).