7th Apr 2021 15:24
Jangada Mines PLC - natural resources company - Reports two additional drill results from the second phase drilling programme at Pitombeiras vanadium project located in Ceara State, Brazil. The 2,000-metre diamond drilling programme, which started in October 2020, continues to evaluate the structural corridor associated with the known vanadium titanomagnetite mineralisation, including the Pitombeiras North, Pitombeiras South and Goela deposits. Jangada says metallurgical testworks, petrographic and mineralogical studies, and a detailed topographic drone survey is on course to start early this month.
"The drill results continue to provide us with valuable information about the Pitombeiras North deposit, underpinning grade and length consistencies and demonstrating footprint extensions beyond the known resource area," says Executive Chair Brian McMaster. "Jangada continues to further advance key project development initiatives, which are all part of our plans to become a producer of ferrovanadium concentrate in 2022.''
Current stock price: 7.90 pence, up 3.3% on Wednesday
Year-to-date change: up 70%
By Evelina Grecenko; [email protected]
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