Baobab Resources (LON:BAO) is planning to drill the Tenge-Ruoni prospect next month after it received ‘spectacular’ results from an airborne geophysical survey.
Tenge-Ruoni was acquired in November 2010 and shortly after, New Resolution Geophysics (NRG) was hired to complete a heli-borne aeromagnetic and radiometric survey of the area in the Tete province of Mozambique.
The prospect is 7.5 kilometres away from Baobab’s flagship asset - the Tete project.
Babobab said that a coherent 3.5 kilometre long, folded trend of strong magnetic response underlies the Tenge-Ruoni magnetite prospect. It also highlighted that field investigations indicate an average mineralised width of 75 metres to 100 metres and first pass rock chip sampling has returned head grades averaging 48.9 percent iron.
"The robust geophysical response at Tenge-Ruoni is nothing short of spectacular and further endorses the potential for a substantial magnetite deposit in the area,” said managing director Ben James.
James also said that a 4,000 metre scout drilling campaign has been designed to test the prospect and work is scheduled to start in April.
The Baobab boss recently told Proactive Investors that he was very confident that there are significant tonnages at Tenge-Ruoni. Amid Baobab’s busy calendar, and after next month’s drilling, Tenge-Ruoni’s maiden resource estimate is pencilled in for August 2011.
The NRG survey also looked at the Massamba Group trend – the main focus of drilling on the Tete project – and Baobab reckon the results have substantially clarified the morphology of the mineralised zones within the trend.
It said that the results will help it target drilling in future campaigns.