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Pensana Metals receives high-grade rare earth results at Longonjo in Angola

The date of: 2019-01-18
viewed: 1

Source:Proactive Investors Australia

Pensana Metals Ltd (ASX: PM8) has received further high-grade rare earth oxide (REO) results from drilling at the Longonjo Neodymium–Praseodymium (NdPr) Project in Angola.

These results are the final assays from a 108-hole drilling program in 2018 with a revised resource estimate scheduled for completion next month.

Best results include:

- 50 metres at 5.63% REO, including 1.00% NdPr oxide from surface to end of hole;

- 33 metres at 5.42% REO including 0.88% NdPr from surface;

- 10 metres at 8.5% REO including 1.5% NdPr from 38 metres; and

- 26 metres at 2.57% REO including 0.92% NdPr from 22 metres and 15 metres at 2.88% REO including 1.03% NdPr from 60 metres to end of hole.

Thick zone of rare earths

The new intersections identify a thick zone of NdPr oxide enriched mineralisation, particularly in the hole with two intersections where NdPr makes up 36% of total rare earths.

“Highest grade received to date”

Pensana executive director Dave Hammond said: “These high-grade NdPr intersections are some of the thickest and highest grades received to date.

“They occur over substantial widths from surface and will extend the high-grade mineralisation in a number of directions.”

Utilising all results from the 2018 drilling program, SRK Consulting (Perth) will now complete a revised mineral resource estimate.


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