Globe Metals & Mining announced Thursday some outstanding new drill results on its 100%-owned Kanyika Project in Malawi. The reported results are the first 6 drill holes of the 2008 program designed to extend the high-grade Milenje Zone northwards.
Best Kanyika drill results include:
• KARC085 – 21m @ 10,339ppm Nb2O5, 530ppm Ta2O5, 366ppm U3O8 (from 64m)
• incl. 3m @ 44,206ppm Nb2O5, 2,501ppm Ta2O5, 1,616ppm U3O8 (from 64m)
• KARC084 – 22m @ 8,563ppm Nb2O5, 646ppm Ta2O5, 466ppm U3O8 (from 46m)
• incl. 4m @ 21,266ppm Nb2O5, 2,071ppm Ta2O5, 1,544ppm U3O8 (from 64m)
These results are important for a number of reasons:
• Validate the Company's geological model of high-grade zones plunging gently under cover to the north
• Confirm potential to increase high-grade component of the resource
• Enhances potential project economics outlined in the recent Kanyika Scoping Study
About Globe Metals & Mining
Globe Metals & Mining Limited is an African-focussed uranium and specialty metals resource company. Its lead project is the multi-commodity (niobium, uranium, tantalum and zircon) Kanyika Project in central Malawi, which contains a 56Mt Inferred Resource, announced in March 2008. The Company has a number of uranium other projects in Malawi and surrounding countries, which it manages from its regional exploration office in Lilongwe, the capital of Malawi. – Press Release
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