Mkango Resources (TSXV / AIM: MKA) (the “Corporation” or “Mkango”), announces results from recent sampling at the Thambani Project in southern Malawi:
- Assay results from 85 rock grab samples returned high grade uranium, tantalum and niobium values, ranging up to 3.3 % U3O8, 1.9 % Ta2O5 and 6.0 % Nb2O5. 35 of the samples graded above 500ppm U3O8 and 24 graded above 1,000ppm U3O8.
- The main objectives of the programme were to confirm previously identified high grade mineralisation at the Little Ngona target, ground-truth new geophysical targets and complete further reconnaissance sampling along the East and West Ridges.
- New areas of high grade uranium, tantalum and niobium mineralisation were identified at the foot of the West Ridge and on the East Ridge. Most significantly, a radiometric high at the foot of the West Ridge yielded two of four highest grade samples of this phase of exploration.
Alexander Lemon, President of Mkango, said:
“These results further support Thambani’s exploration potential. Not only are the uranium results highly encouraging, but the equally positive tantalum and niobium results support that Thambani has significant multi-commodity potential.”
Sampling was primarily focused on zones of anomalous uranium and associated niobium and tantalum targets across the Thambani Massif, a nepheline-bearing syenite gneiss which dominates the north-eastern part of the licence.