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Sovereign Metals identifies wide zones of flake graphite in Malawi

The company’s initial resource estimate is targeted for Q1 2017.
Sovereign Metals identifies wide zones of flake graphite in Malawi
High-grade mineralisation defined over 1.3 kilometres

Sovereign Metals (ASX:SVM) has identified wide zones of saprolite-hosted graphite mineralisation from drilling at the Malingunde flake graphite deposit in Malawi.

The 2016 aircore program comprised 180 holes for 5,517 metres. To date, assay results for a total of 87 aircore holes have been returned, with highlight intersections including:

- 24 metres @ 11.9% total graphitic carbon (TGC) including 10 metres at 17.1% TGC;
- 26 metres @ 11.0% TGC including 4 metres at 20.0% TGC; and
- 12 metres @ 15.7% TGC including 6 metres at 23.8% TGC.

The results continue to highlight wide zones of saprolite-hosted flake graphite over the strike length of the Malingunde deposit.

Sovereign’s drilling assays received to date have defined a consistent high-grade mineralisation over a strike length of 1.3 kilometres.

The assays are pending for an additional 94 aircore holes and 5 diamond holes that cover a further 2.1 kilometres of strike length initially defined by hand auger drilling.

Meanwhile, a program of downstream test-work focussed on li-Ion battery and expandable graphite applications has commenced at a renowned German industrial minerals laboratory.

The company’s initial resource estimate is targeted for Q1 2017 and a scoping study is targeted for early Q2 2017.

Sovereign’s shares were last trading 5.56% higher intra-day on Tuesday, at $0.095.

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