Base Resources said it had identified three areas of mineralisation, Magaoni, Masindeni and Zigira, following scout auger drilling at Kwale East, adjacent to its main operation.
Access for exploration remains constrained, including to the highly prospective areas of Magaoni and Zigira, with landowner consents yet to be obtained for around 35% of these areas.
A Phase 2 air core drilling program, focusing on the three identified exploration targets, will commence shortly.
“The three Ore Zones have demonstrated economic potential following encouraging initial HM assay results,” said the statement.
“Mineral assemblage analysis indicates elevated concentrations of rutile and zircon relative to the Kwale deposits currently being mined, with average ilmenite of 52%, rutile of 18% and zircon of 10% of the heavy mineral content.”