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Rift Valley Resources has commenced of its 2018 field programs at their 70 percent owned Ozango project in Angola.
Rift Valley Resources (RVY: ASX) announced the commencement of its 2018 field programs at their 70 percent owned Ozango project in Angola. The field camp has re-opened to support a series of exploration and resource definition programs that focus on three key areas.
As quoted in the press release:
Longonjo Magnet Metal Project
Drilling programs targeting:
Extensions to the current high grade weathered zone Mineral Resource of: 11.6 million tonnes at 4.30% REO* for 499,000t contained REO with the aim of demonstrating a globally significant magnet metal deposit at Longonjo in both size and grade.
To increase the JORC Mineral Resource from Inferred to Indicated category and provide additional samples for metallurgical testwork. The 2018 field programs will provide data for the completion of a preliminary economic assessment for the Longonjo Magnet Metal Project that will include a revised Mineral Resource estimate and mining study.
Cassenha Hill Copper Gold
Field programs have commenced aimed at defining additional copper mineralization within the greater Cassenha Hill area that, together with mineralization outlined to date, has the combined size potential to support a mining operation at Ozango.
Channel sampling of new trenches and historic underground adits with visible copper mineralization is in progress in areas not yet drill tested.
Regional Exploration Programs
Early stage regional exploration programs have identified several high priority lithium, base metal, gold and rare earth anomalies and prospects within the Company’s large 3,670km2 Ozango Project.
Follow-up exploration programs have commenced to evaluate these new targets.
The Company will provide regular progress reports on these field programs and studies as results come to hand.