Mkango Intersects Large Rare Earth Zone in Malawi

Mkango Resources Ltd. (TSXV:MKA,LSE:MKLA), has released the results for the first eight holes totalling 944 metres of its targeted 10,000 metre diamond drilling programme at the Songwe Hill rare earths project in Malawi. The drilling programme is a key component of the ongoing feasibility study for Songwe.

Rare earth explorer and producer, Mkango is currently focused on critical metal mining in the African nation of Malawi.

As quoted from the press release:

• The drill programme is focused on infill drilling to confirm and upgrade the existing indicated and inferred mineral resource estimates, testing extensions to the mineralization and geotechnical drilling.
• All eight drill holes intersected rare earth mineralization, with the table above highlighting intersections averaging 1 percent TREO or more.
• Drill holes PX065, PX062, PX046, PX047, PX042 and PX045b above were focused on infill drilling. Intersections of broad zones of mineralization, as opposed to narrow veins or dykes, continue to support the concept of a bulk tonnage, open pit mining operation with low mining costs. 2
• Drill hole PX036 was focused on testing the southerly extension of mineralization. The significance of the more than 42 m of mineralization intersected by PX036 at depth (87.3 – 130.1 m), including 6.7 metres grading 2.2 percent TREO to the end of the hole (130.1m), is being evaluated. This was the first hole in the project’s history to be drilled in the area near the summit of Songwe Hill. Another hole testing the southerly extension of mineralization, PX037, did not reach the target depth.
• A total of 8,466 metres of drilling, comprising 70 drill holes, has now been completed as at August 20, 2018.

William Dawes, Chief Executive Officer, commented: “These are an excellent first set of results from the current programme and we look forward to announcing results from the remaining approximately 75 drill holes as they become available. The drill programme and planned resource update are fully funded following investments by Talaxis Limited totalling £6 million in January 2018. Talaxis will invest a further £7 million to fund completion of the Feasibility Study for Songwe on Mkango publishing a NI 43-101 technical report in relation to the resource update.”

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