Perth, Jan 20, 2009 AEST (ABN Newswire) - Globe Metals & Mining (ASX:GBE) is delighted to announce the further extensional drilling results from its 100%- owned multi-commodity (niobium, uranium, tantalum, zircon) Kanyika Deposit in central Malawi.
The extensional drilling was designed to test for extensions to known mineralisation in the Milenje Zone at depth and along strike.
The majority of the six drill holes reported here intersected significant, wide mineralised zones at generally deeper depths, beneath, and along strike from previously identified high-grade areas. Of particular note is a massive intercept of 101m (true width approx. 70m) down to a vertical depth of 200m below surface in drill hole KARC154. It is expected that these deep and along strike intercepts will add significant tonnage to the upgraded JORC resource estimate, due to be announced by March, 2009.
Globe's Managing Director, Mr. Mark Sumich, said "these results confirm once again that the existing Inferred JORC resource represents only a part of the true potential of this deposit. What is even more encouraging is that the grades in drill hole KARC154 are equivalent to the high-grade portion of the Inferred JORC resource reported in March 2008."
Results
The four RC drill holes and two diamond drill holes reported here intersected deep, moderate to highgrade zones of mineralisation in the northern part of the Milenje Zone. Of particular note is drill-hole KARC154 that intersected 101m of moderate to high-grade niobium-tantalum-uranium mineralisation.
This hole also demonstrates well the inverse funnel geometry of the Milenje Zone, where thinner, higher grade zones of mineralisation near surface give way to wider, moderate grade zones at depth. Results for KARC 154 are listed below.
KARC154 101m @ 3,633ppm Nb2O5 163ppm Ta2O5 84ppm U3O8 (from 83m)
incl. 37m @ 4,789ppm Nb2O5 223ppm Ta2O5 94ppm U3O8 (from 83m)
Drill-hole KARC 109 intersected high-grade mineralisation on section 7200mN, at vertical depths between 50 and 90m. Results for KARC 109 are listed below.
KARC109 28m @ 5,524ppm Nb2O5 286ppm Ta2O5 204ppm U3O8 (from 71m)
incl. 2m @ 26,035ppm Nb2O5 1,906ppm Ta2O5 1,374ppm U3O8 (from 96m)
Another drill-hole of particular note is KARC 155, which intersected mineralisation at deep levels of approximately 130 to 170m below surface on the northernmost line of drilling at 7350mN. This hole unfortunately terminated in mineralisation because the depth capacity of the RC rig had been reached.
However, it shows that mineralisation is still open to the north and at depth at the northernmost part of the deposit.
Diamond drill-holes KADD006 and KAPEDD001 both intersected multiple, moderate grade zones of mineralisation at deep depths ranging from 100m to 300m vertical depth. In these areas, the overall width of the mineralised alkalic granitoid unit thickens significantly. However, mineralisation is more dispersed and lower grade than areas closer to surface.
Contact
Mark Sumich
Managing Director
Globe Metals and Mining
TEL: +61-8-9486-1779
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