New fluorite discoveries at

Mount Muambe

 

 

Dear Abdelaty

Further to our announcement on 14 March 2012, I am pleased to advise that the final fluorite results from 2011 drilling at the Mount Muambe Project in Mozambique have uncovered new zones of thick, high-grade fluorite associated with previously reported rare earth element (REE) discoveries.

 

49m @ 2.5% TREO inc. 20m @ 3.5% TREO (from surface; ended in 3.6% TREO)

                            Highlights

 

     

Confirmation of significant fluorite mineralisation associated with previously discovered, substantial, shallow REE zones. Hole MURC119 now includes:

49m @ 17.5% CaF2 inc. 8m @ 24.4% CaF2 (from surface; ended in 13% CaF2; Zone BB), with;

 

 

All substantial zones of fluorite intersected remain open at depth and laterally, additional results include:

24m @ 18.5% CaF2 inc. 4m @ 27.4% CaF2 (from surface; Zone DD)

24m @ 15.6% CaF2 (from surface; Zone BB)

 

 

Style of fluorite mineralisation in Zones AA, CC and GG is pervasive and could result in similar grades found at Main Zone

 

 

Initial 2012 REE focused RC drilling program (~2,200m) is complete - results expected in late May to early June

 

 

This new discovery of fluorite only complements recently reported REE results. Not restricted to either the fenite or carbonatite, the mineralisation in most cases is open at depth, leaving Globe well positioned to grow the known resources in the crater.

 

Yours sincerely 

Mark Sumich 

Managing Director 

Globe Metals & Mining Limited

المصدر: Globe Metals & Mining Limited
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نشرت فى 1 مايو 2012 بواسطة egco

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