Sign up Australia
Proactive Investors - Run By Investors For Investors

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.





Register here to be notified of future SVM Company articles
View full SVM profile View Profile

Sovereign Metals Ltd Timeline

Related Articles

Uranium
May 15 2017
Kazakhstan's decision to curtail uranium output by 10% from its mines gave a shot in the arm to the sector
picture of copper wire
May 09 2017
RMM is continuing to move in the right direction operationally.says Cantor
Intermin Resources: Access latest PPT from Proactive's CEO Sessions
April 13 2017
Jon Price talked funding drilling program in world-class region with investors.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use