Mkango Resources Ltd (LON:MKA) has updated on a major diamond drilling programme at its Songwe Hill Rare Earths project in Malawi.
The AIM-listed miner said a total of 6,558m of drilling had been completed as of August 8, comprising 52 drill holes to a maximum depth of around 220 metres, with multiple zones of carbonatite, the primary host rock for rare earth mineralisation at Songwe, being intersected.
READ: Mkango commences major drilling programme at Songwe Hills
Mkango added that assay results from the first batch of samples from 8 drill holes totalling 944m were expected by the end of August, with a second batch of samples from 6 drill holes totalling 721m, having recently been dispatched for assay.
The drill programme is expected to total up to approximately 10,000m and is focused on infill drilling the existing indicated and inferred mineral resource estimates, testing extensions to the mineralisation and geotechnical drilling.
William Dawes, chief executive of Mkango, commented: “The drill programme is on track and we look forward to updating the market with the first set of results. Mkango is developing one of the few advanced stage rare earths projects globally. It is fully funded and well positioned to benefit from growing demand for neodymium and praseodymium used in permanent magnet motors for electric vehicles”.