TIDMJAN
RNS Number : 5965L
Jangada Mines PLC
13 January 2021
Jangada Mines plc / EPIC: JAN.L / Market: AIM / Sector:
Mining
13 January 2021
Jangada Mines plc ('Jangada' or the 'Company')
ValOre Announcement
Jangada Mines plc, a natural resources company, is pleased to
note the announcement released on 13 January 2021 by TSX-V listed
ValOre Metals Corp. ('ValOre'), in which Jangada holds a 17.68 per
cent interest.
The announcement has been reproduced exactly as reported below,
other than for the inclusion of links and images, and can be viewed
in full on ValOre's website using the following link:
http://valoremetals.com/news-media/news-releases/2021/valore-reports-encouraging-ore-sorting-potential-for-pedra-branca-pge-project-17652-gt-2pgeau-in-historical-core-re-assay
ValOre Reports Encouraging Ore Sorting Potential for Pedra
Branca PGE Project;
176.52 g/t 2PGE+Au in Historical Core Re-Assay
Vancouver, B.C. ValOre Metals Corp. ("ValOre"; TSX--V: VO; OTC:
KVLQF; Frankfurt: KEQ0, "the Company") today announced encouraging
STEINERT ore sorting testwork results for ValOre's 100%-owned Pedra
Branca Platinum Group Element ("PGE") Project in northeastern
Brazil. Results from the ore sorting program, which used a set of
100 re-assayed and catalogued 5-cm samples of historical NQ drill
core from the Esbarro PGE deposit, demonstrated distinct density
responses for mineralized rock types, as well as barren granites
and gneisses.
Sensory-based rock sorting technologies such as STEINERT can
concentrate ores, remove waste rock and cut process costs to
generate significant positive economic implications for both
metallurgy and OPEX.
"STEINERT ore sorting testwork was initiated to assess the
sortability of mineralized and non-mineralized rock types at Pedra
Branca, with the ultimate goal of improving metallurgical
performance and processing economics. As part of this test work,
the sample set taken from historic NQ drill core was re-assayed and
returned the highest-grade value from a drill core sample in the
history of the project, clearly demonstrating the presence of
high-grade, near-surface PGEs at Pedra Branca," stated ValOre's
Chairman and CEO, Jim Paterson. "These results are very encouraging
and warrant immediate expansion of this testwork. ValOre geologists
are preparing a bulk sample to support a comprehensive,
quantitative follow-up sorting test program."
Highlights from Ore Sorting Testwork at Esbarro Deposit:
-- Sensor-based ore sorting testwork by STEINERT GmbH
demonstrated excellent rock density sortability, evidenced by
distinct X-Ray Transmission ("XRT") responses for both PGE
mineralized and barren Pedra Branca rock types;
-- Chromitite samples returned the most distinct XRT response,
demonstrating the greatest potential for ore sorting technology to
facilitate a high-grade fraction;
-- Barren granite and gneiss samples exhibited a unique XRT
response, indicating the potential to separate waste rock from
PGE-mineralized rock allowing for less process dilution;
-- PGE-mineralized dunite, peridotite and serpentinite samples
displayed strong XRT response groupings, revealing further
potential for sensor-based ore sorting;
-- Re-assaying of historical drill core for STEINERT from the Esbarro PGE deposit returned the highest-grade drill core sample in the history of the project from a 5-centimetre ("cm") sample of NQ drill core at 30.35 metres ("m") depth in drill hole DD18ES15A:
o 176.52 grams per tonne ("g/t") palladium + platinum + gold
("2PGE+Au")
o Comprising 133.35 g/t Pd, 42.24 g/t Pt, and 0.93 g/t Au
o Also returned 3.30 g/t rhodium ("Rh"), or 179.82 g/t
3PGE+Au;
-- PGE grades for the major lithologies selected for ore sorting testwork include:
o Chromitites ("Cr", "Cr-reef"): 0.17-30.44 g/t 2PGE+Au (average
10.33 g/t, excluding sample from DD18ES15A grading 176.52 g/t
2PGE+Au)
o Dunites/peridotites/serpentinites/pyroxenites: 0.07-10.15 g/t
2PGE+Au (average 1.86 g/t)
o Granites/gneisses/amphibolites: barren;
-- Based on the encouraging initial sortability test results,
ValOre will broaden the scope for more thorough quantitative
assessment with a 300 kilogram ("kg") bulk sample to support
additional testwork at STEINERT.
Esbarro PGE Deposit Ore Sorting Testwork
The Esbarro PGE deposit hosts an at-surface resource estimate of
9.9 million tonnes ("Mt") grading 1.23 g/t 2PGE+Au totaling 394,000
ounces ("oz"). Please see the ValOre announcement for a link to the
Pedra Branca NI 43-101 Technical Report. The resource estimate is
supported by 91 drill holes, with an average hole spacing of 45 m
and is situated within a 3-kilometre ("km") radius of additional
at-surface PGE resource areas, Cedro (4.2 Mt grading 1.10 g/t
2PGE+Au totaling 151,000 oz) and Curiu (1.6 Mt grading 1.93 g/t
2PGE+Au totaling 100,000 oz). Please see the ValOre announcement
for Figure 1A and 1B , showing the location of the five Pedra
Branca PGE resource areas and a detailed view of Esbarro,
respectively.
STEINERT ore sorting testwork was initiated to assess the
sortability of PGE mineralized rocks from barren rocks at Pedra
Branca, with the ultimate goal of improving metallurgical
performance and processing economics. One hundred historical drill
core samples from six representative rock types were submitted from
the Esbarro deposit, and sensory-based results were compared with
assay data from SGS, Vespasiano, Minas Gerais to assess both rock
type- and grade-dependent sortability. Please see the ValOre
announcement for Table 1, showing the full list of samples, assay
results, and sensor results.
Density data from STEINERT XRT analyses demonstrated distinct
sensory responses for mineralized rock types (chromitites, dunites,
peridotites) and barren lithologies (granites and gneisses). The
distinct XRT-assessed densities reported herein demonstrate
excellent potential sortability of:
-- high-grade PGE rocks types (chromitite);
-- low- to medium-grade PGE rock types (dunites, peridotites, serpentinites, pyroxenites); and
-- barren waste rock types (granites and gneisses).
XRT density data is recorded as Minimum Density ("MD"), which
reports the proportion of XRT-defined pixels inside the low-density
curve, with lower MD values representing higher rock density. See
Figure 2 Table 2 below for a graph of 2PGE+Au (g/t) versus MD, and
a summary table of average MD values for each rock type,
respectively.
Figure 2: Graph of 2PGE+Au (g/t) versus MD, Demonstrating
Excellent Sortability - see ValOre announcement
Table 2: Summary of MD Values, Demonstrating Excellent
Sortability
Rock Type # Samples Relative Grade Average MD
Chromitite 30 High (avg. 10 g/t) 0.20
Dunite 15 Medium (avg. 3.5 g/t) 0.53
Peridotite 15 Medium (avg. 1.8 g/t) 0.64
Serpentinite/Pyroxenite 9 Low (avg. 0.4 g/t) 0.60
Serpentinite/Dunite 11 Low (avg. 0.8 g/t) 0.55
Gneiss/Granite/Amphibolite 20 Barren 0.78
Note: MD (Minimum Density) represents XRT proportion of pixels
inside the low-density curve, per particle. Lower MD = higher
density.
Assaying of the 100 core samples used for STEINERT testwork
returned the highest-grade drill core sample in the history of the
Pedra Branca project: 176.52 g/t 2PGE+Au (133.35 g/t Pd, 42.24 g/t
Pt and 0.93 g/t Au), in addition to 3.30 g/t Rh (179.82 g/t
3PGE+Au) . This sample was collected from a 5-cm sample of NQ drill
core at 30.35 m depth in drill hole DD18ES15A. This clearly
demonstrates the presence of high-grade, near-surface PGEs at Pedra
Branca. See Table 3 below for the 3PGE+Au assay results.
Table 3: Assay Results for Core Sample 99035
Drill Hole Sample Depth Au Pd Pt 2PGE+Au Rh 3PGE+Au
(m) (g/t) (g/t) (g/t) (g/t) (g/t) (g/t)
DD18ES15A 99035 30.4 0.93 133.35 42.24 176.52 3.30 179.82
About STEINERT Ore Sorting
STEINERT GmbH supplies sensory-based rock sorting technologies
to operating mining projects around the world. Sorting waste rock
from ore at an early processing stage has significant positive
economic implications for reducing both metallurgy and operating
costs.
XRT is ideally suited for ore sorting because the x-ray
radiation can penetrate stones with particle sizes up to 100 mm. In
addition to XRT, STERINERT offers further sensors that can be
combined with one another in a multi-faceted sensory approach.
X-Ray Fluorescence ("XRF") can be used to determine and sort
individual chemical elements very precisely. Further, optical
sorting and lasers are very well suited to the detection of ores
with different colours, such as copper oxide, or crystalline
structures in quartz.
Further information about STEINERT ore sorting can be found in
the link below:
https://steinertglobal.com/
Qualified Person (QP)
The technical information in this news release has been prepared
in accordance with Canadian regulatory requirements set out in NI
43-101 and reviewed and approved by Colin Smith, P.Geo., ValOre's
QP, who oversees New Project Review for ValOre.
About ValOre Metals Corp.
ValOre Metals Corp. (TSX--V: VO) is a Canadian company with a
portfolio of high--quality exploration projects. ValOre's team aims
to deploy capital and knowledge on projects which benefit from
substantial prior investment by previous owners, existence of
high-value mineralization on a large scale, and the possibility of
adding tangible value through exploration, process improvement, and
innovation.
In May 2019, ValOre announced the acquisition of the Pedra
Branca Platinum Group Elements (PGE) property, in Brazil, to
bolster its existing Angilak uranium, Genesis/Hatchet uranium and
Baffin gold projects in Canada.
The Pedra Branca PGE Project comprises 38 exploration licenses
covering a total area of 38,940 hectares (96,223 acres) in
northeastern Brazil. At Pedra Branca, 5 distinct PGE+Au deposit
areas host, in aggregate, a current Inferred Resource of 1,067,000
ounces 2PGE+Au contained in 27.2 million tonnes grading 1.22 g/t
2PGE+Au (see ValOre's July 23, 2019 news release). All the
currently known Pedra Branca inferred PGE resources are potentially
open pittable.
Comprehensive exploration programs have demonstrated the
"District Scale" potential of ValOre's Angilak Property in Nunavut
Territory, Canada that hosts the Lac 50 Trend having a current
Inferred Resource of 2,831,000 tonnes grading 0.69% U(3) O(8) ,
totaling 43.3 million pounds U(3) O(8) . For disclosure related to
the inferred resource for the Lac 50 Trend uranium deposits, please
refer to ValOre's news release of March 1, 2013.
ValOre's team has forged strong relationships with sophisticated
resource sector investors and partner Nunavut Tunngavik Inc. (NTI)
on both the Angilak and Baffin Gold Properties. ValOre was the
first company to sign a comprehensive agreement to explore for
uranium on Inuit Owned Lands in Nunavut Territory and is committed
to building shareholder value while adhering to high levels of
environmental and safety standards and proactive local community
engagement.
On behalf of the Board of Directors,
"Jim Paterson"
James R. Paterson, Chairman and CEO
ValOre Metals Corp.
For further information about, ValOre Metals Corp. or this news
release, please visit our website at www.valoremetals.com or
contact Investor Relations toll free at 1.888.331.2269, at
604.653.9464, or by email at contact@valoremetals.com.
ValOre Metals Corp. is a proud member of Discovery Group. For
more information please visit: discoverygroup.ca
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news release contains "forward-looking statements" within
the meaning of applicable securities laws. Although ValOre believes
that the expectations reflected in its forward-looking statements
are reasonable, such statements have been based on factors and
assumptions concerning future events that may prove to be
inaccurate. These factors and assumptions are based upon currently
available information to ValOre. Such statements are subject to
known and unknown risks, uncertainties and other factors that could
influence actual results or events and cause actual results or
events to differ materially from those stated, anticipated or
implied in the forward-looking statements. A number of important
factors including those set forth in other public filings could
cause actual outcomes and results to differ materially from those
expressed in these forward-looking statements. Factors that could
cause the actual results to differ materially from those in
forward-looking statements include the future operations of ValOre
and economic factors. Readers are cautioned to not place undue
reliance on forward-looking statements. The statements in this
press release are made as of the date of this release and, except
as required by applicable law, ValOre does not undertake any
obligation to publicly update or to revise any of the included
forward-looking statements, whether as a result of new information,
future events or otherwise. ValOre undertakes no obligation to
comment on analyses, expectations or statements made by third
parties in respect of ValOre, or its financial or operating results
or (as applicable), their securities.
ValOre Metals Corp.
Suite 1020
800 West Pender St
Vancouver, BC | V6C 2V6
contact@valoremetals.com
valoremetals.com
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014. Upon the publication of
this announcement, this inside information is now considered to be
in the public domain.
ENDS
For further information please visit www.jangadamines.com or
contact:
Jangada Mines plc Brian McMaster (Chairman) Tel: +44 (0) 20
7317 6629
Strand Hanson Limited James Spinney Tel: +44 (0)20 7409
(Nominated & Financial Ritchie Balmer 3494
Adviser) Jack Botros
Brandon Hill Capital Jonathan Evans Tel: +44 (0)20 3463
(Broker) Oliver Stansfield 5000
St Brides Partners Isabel de Salis Tel: +44 (0)20 7236
Ltd Beth Melluish 1177
(Financial PR)
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCBUGDBBGBDGBX
(END) Dow Jones Newswires
January 13, 2021 10:03 ET (15:03 GMT)
Grafico Azioni Jangada Mines (LSE:JAN)
Storico
Da Feb 2024 a Mar 2024
Grafico Azioni Jangada Mines (LSE:JAN)
Storico
Da Mar 2023 a Mar 2024