Australian miner strikes precious sands

Australian miner strikes precious sands

Thu Mar 05, 2015

STRANDLINE Resources has confirmed discovery of a huge potential of heavy mineral sands (HMS) at the six kilometres long Madimba Prospect in the country.

Strandline Resources Limited is an Australian mineral exploration and development company based in Perth and listed on the Perth Stock Exchange since 2000.

HMS are a class of ore deposit which is an important source of zirconium, titanium, thorium, tungsten, rare earth elements, industrial diamond, sapphire, garnet, and occasionally precious metals or gemstones.

In Tanzania, Strandline Resources Limited, currently controls a dominant (2000km²) mineral sands exploration position along the coastal area of the country, within a major world class mineral sands corridor.

“While these are only visual results from the first phase of drill testing, it confirms the heavy mineral sands potential of these emerging discoveries at Madimba and Madimba East, in a region never previously drill tested,” Managing Director Richard Hill said in a statement.

Drilling has also intersected high grades of heavy mineral sands at surface and down hole at the recently discovered Madimba East Prospect.

Once drilling is complete at Madimba East the crew will move to the company’s neighbouring Ziwani tenement where a series of surface heavy mineral sands anomalies appear to be of similar style to the Madimba East Prospect.

“We are now starting to see in three dimensions the significant potential for discovery of a large area of mineralisation across our Madimba tenement and along strike on the company’s 100 per cent held Ziwani tenement, which has a series of similar surface anomalies that have never been tested by drilling.

“This is very exciting as it represents a strike potential of more than 15 kilometres across the two tenements. “Strandline’s successful application of its exclusive mineral sands database and the technical team’s rapidly evolving understanding of controls on mineralisation have positive implications for ongoing discovery of mineral sands across Strandline’s entire Tanzanian portfolio.”

The auger drill programme is designed to demonstrate sufficient scale, grade, continuity and assemblage potential of the HMS mineralisation (down hole and between holes) to move to aircore (AC) drilling and potential resource definition.

A total of 90 holes have been drilled on a broad pattern at Madimba and Madimba East comprising a total of 509 metres for a total of 265 samples including field duplicates.

It should be noted that hole depths have been limited to six metres and many holes end in mineralisation.

SOURCE: DAILY NEWS

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