2nd Sep 2020 06:51
Jangada Mines PLC - natural resources company - Says 18%-owned investee ValOre Metals Corp posted positive results from drilling conducted at Pedra Branca platinum group element project in northeastern Brazil. Highlights include the intersection of 9.49 grams per tonne of platinum group elements plus gold over 2.45 metres, within a broad mineralized ultramafic unit of 0.76 grams per tonne over 61.85 metres from 217.50 metres downhole.
"Our Phase 1 drilling has successfully identified near surface mineralization in the southern portion of the current Trapia 1 resource area; extended and thickened the easterly down-dip mineralization across the full width of the resource; and proven that the mineralized ultramafic intrusion remains intact and open to expansion along a 1 kilometre geophysical target to the south. We plan to return to Trapia 1 near the end of Phase 1 due to the considerable resource expansion potential," says ValOre Chair & Chief Executive Jim Paterson.
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Year-to-date change: up 85%
By Ife Taiwo; [email protected]
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