Mkango Resources Ltd. (TSXV:MKA) announced that the results for five holes from the second phase drilling program at its Songwe project, located in Malawi, include 95.8 meters grading 1.7% total rare earth oxide (TREO), 100.8 meters grading 1.7% TREO, and 332.7 meters grading 1.4% TREO.
As quoted in the press release:
- All holes so far announced from Stage 2 have intersected broad zones of rare earth mineralization, including zones of elevated heavy rare earth enrichment, and the consistency of results to date is very encouraging.
- Rare earth mineralisation occurs at surface in broad outcropping zones of carbonatite on the northern slopes of Songwe hill and extends to a vertical depth of at least 350 metres.
- Mineralisation is open to depth and along strike, and there are known areas of additional carbonatite exposure within the Songwe vent system constituting further exploration upside.