Mantra Resources (ASX: MRU, TSX: MRL) has reported further results from the 2010 resource infill drilling program at the Nyota Prospect, part of the wholly owned Mkuju River Project (MRP) in southern Tanzania, confirming the continuity of mineralised zones, both in terms of thickness and grade.
Thick zones of high grade mineralisation intersected at shallow depths, including a peak intercept of 25 metres @ 1,572 ppm eU3O8 and a Steady flow of drilling results are expected over coming months with seven rigs operating at site.
Exploration drilling aimed at testing priority target areas adjacent to the existing resource areas will commence once the infill program is completed.
This infill drilling program is an integral part of the company’s Definitive Feasibility Study (DFS) and is being undertaken with the aim of converting a significant portion of the current Mineral Resource Estimate (MRE) into the Measured and Indicated categories, which will help to better define the proposed mine plan.
Peter Breese , chief executive officer, said the results of 316 new aircore/open-holes have shown that there is good continuity of the mineralised zones, in both thickness and grade, between the previous broader spaced holes within the resource areas drilled to date.
Thick zones of high grade mineralisation have been recorded at shallow depths.
Five air drill rigs and two diamond drill rigs are currently operating at Nyota. To date, approximately 850 aircore/open-hole drill holes for 54,000 metres and 24 diamond holes for 1,500 metres have been completed this year.
The company anticipates that the infill program will be completed in approximately ten weeks and will facilitate the announcement of a revised MRE in the fourth quarter of calendar 2010.
Mantra will continue to publish the results of the drilling program as they become available over the coming months.
Exploration drilling aimed at testing a number of priority target areas adjacent to the existing resource areas will commence immediately following the completion of the infill program.