Noventa Limited – New High Grade Tantalum Discovery at Marropino

Noventa (LON:NVTA) announced that independent assays on three pits have confirmed an additional deposit, measuring approximately one kilometre square, of very high grade tantalum bearing ore on its existing Marropino mining concession area.

The press release is quoted as saying:

The three samples have been analysed independently and the results show tantalum grades of 3,836 ppm, 2,697 ppm and 7,577 ppm respectively. Subject to additional sampling and assaying, which is currently taking place to accurately define the shape, average grade and tonnage of the Discovery, the current results indicate that the Discovery is significant, that the tantalum could be economic to mine and could provide at least twelve months of feedstock for the Marropino plant substantially increasing the life of this mine.

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