View in Other Languages 17761 8596 8212 6747 
Changara Project Exploration Update
Changara Project Exploration Update
London, July 23, 2013 AEST (ABN Newswire) - Baobab Resources Plc (LON:BAO) ('Baobab' or the 'Company') is wholly focused in Mozambique where it is developing a pig iron and ferro-vanadium project in the Tete province (the 'Tete Project'), one of Africa's fastest growing mining centres. Other assets in the Company's portfolio include the Changara project which is being operated under a Joint Venture with ASX listed Metals of Africa (please refer to RNS dated 28 November 2012).

Baobab (LON:BAO) announces that today an exploration update was made by Metals of Africa (ASX:MTA). An extract of the announcement is presented below.

HIGHLIGHTS

Rio Mazoe and Changara Project soil sampling program reveals numerous new lead - zinc - copper (Pb-Zn-Cu) anomalies.
- Over 1500 soil samples have been collected at Rio Mazoe (Cocodeza Anomaly) and Changara Projects and analysed by a portable XRF scanner.
- 2km strike of highly anomalous zinc validated at Cocodeza prospect.
- Significantly, a number of indicator elements show distinct patterns (e.g. Bi, Hg, Pt, Pd, Mo, S).
- 17 soil sampling targets have been identified within Changara Project.
- Fluorite occurrence mapped within Changara Project.
- An additional 8,500 soil samples are proposed and are currently being collected in the field by MTA's geology team.
- Down-hole EM of all 15 drill holes is scheduled for early September in search of Broken Hill Type mineralisation.

Australian based East African metals explorer, Metals of Africa ('MTA' or the 'Company') is pleased to provide an exploration update on the recent soil sampling program undertaken at its Rio Mazoe Project (100% MTA) and Changara Project (JV with Baobab Resources Limited; BAO:AIM) located in the Changara district of Tete in Mozambique. The results continue to reinforce the Company's view that the project is a potential Broken Hill Type (BHT) base metals deposit.

The full announcement is available on the Australian Stock Exchange website:
http://www.abnnewswire.net/lnk/MXQS38SM

Investors are able to download a copy from the Company's website:
http://baobabresources.com/investor/aim-announcements


About Baobab Resources plc

Baobab Resources plc (LON:BAO)Baobab Resources plc (LON:BAO) is a Mozambican-focused explorer with a large landholding in the central north of the country. The company's flagship project is the Tete iron ore deposit.

 


Contact

Baobab Resources PLC
Ben James: Managing Director
Tel: +258-21-415-200

Jeremy Dowler: Chairman
Tel: +44-1372-450529

Grant Thornton Corporate Finance
Philip Secrett / David Hignell / Jamie Barklem
Tel: +44-20-7383-5100

Shore Capital Stockbrokers
Jerry Keen / Toby Gibbs
Tel: +44-20-7468-7964

Fortbridge Consulting
Matt Beale
Tel: +44-7966-389-196


Related Companies

Battery Minerals Ltd     
Baobab Resources plc        

ABN Newswire This Page Viewed:  (Last 7 Days: 12) (Last 30 Days: 41) (Since Published: 8212) 

View in Other Languages 17761 8596 8212 6747  (41316)