Minbos Resources (ASX: MNB) is focused on the Cabinda phosphate project which covers an extensive 400,000 hectare across Angola and the DRC.
An Exploration target (confirmed by Coffey Mining Pty Ltd) of 333 million tonnes to 538 million tonnes with grades reported historically of around 10% to 20% of phosphate bearing material located within the Angolan licence area.
Minbos Resources (ASX: MNB) has intercepted more high grade phosphate mineralisation from aircore drilling at the Cacata prospect, that could point to it being a world class, low cost direct shipping ore (DSO) phosphate rock project.
The latest round of assay results at the project in the Cabinda Province of the Republic of Angola confirm the existence of a high grade orebody at Cacata, demonstrate consistency of the orebody’s grades and thicknesses, and expand the area of previous high grade intercepts.
- 18 metres at 24.7% phosphate (P2O5) including an interval of 7 metres at 33.3% P2O5 from 36 to 54 metres.
- 16 metres at 26.9% P2O5 including an interval of 12 metres at 31.4% P2O5 from 9 to 25 metres.
Peter Richards, Minbos Resources executive chairman, said “we plan to begin assessing the DSO potential of Cacata as soon as possible."
"The combination of the high grade mineralisation, near surface and consistent thickness of the orebody and the locality to infrastructure and the coast are all very good indicators that Cacata could turn out to be a world class, low cost DSO Phosphate Rock project for the Company.”
The Cacata exploration program, which started in late 2010, has confirmed that potentially high grade phosphate mineralization occurs over a strike length of approximately 4.2 kilometres at a width of about 300 metres.
The thickness of the mineralization varies between 1 metre and 63 metres with an average thickness of 26 metres.
The company has received the assay results for 10 holes (out of the 44 completed), which represents 1.5 kilometes of the 4.2 kilometre strike length.
Minbos expects the remaining results during July and August 2011, which will be sent to Coffey Mining to complete a resource estimate, expected by early October 2011.
In April Minbos boosted the company’s phosphate JORC Inferred Resource to 117 million tonnes at an average grade of 13.6% at the Mongo Tando ore body within the Cabinda Project in Angola.