MKANGO RESOURCES LTD. ANNOUNCES COMMENCEMENT OF DRILLING AT THE SONGWE RARE EARTH PROJECT AND UPDATE ON EXPLORATION ACTIVITIES I
April 18 2011 - 8:58AM
PR Newswire (Canada)
ALBERTA, April 18 /CNW/ -- /NOT FOR DISSEMINATION IN THE UNITED
STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES/ ALBERTA, April 18
/CNW/ - Mkango Resources Ltd. (TSXV-MKA) (the "Corporation" or
"Mkango") is pleased to announce that a diamond drilling program
has commenced at the Songwe Hill rare earth project in Malawi.
Mkango commenced trading on the TSX Venture Exchange on January 6,
2011, having completed an oversubscribed brokered and non brokered
private placement with gross proceeds of $7,760,750. The Songwe
Hill rare earth project is located within a 100% owned exclusive
prospecting licence covering an area of 1,283 km2 in southeast
Malawi (the "Phalombe Licence"). Songwe features carbonatite hosted
rare earth mineralization and was previously drilled in the late
1980s. Further exploration and mineralogical analysis was completed
in 2010, and the 43-101 compliant "Technical Report on the Songwe
Rare Earth Element (REE) Project, Republic of Malawi" dated
September 30, 2010 was filed on SEDAR. Exploration activities
within the Phalombe Licence since January 2011 have included: --
Upgrading of roads and bridges on the access road to Songwe Hill
and construction of drill pads -- Establishment of drilling camp,
water boreholes and fuel storage facilities at Songwe Hill --
Completion of geophysical and topographic surveys at Songwe Hill --
Regional compilation of airborne radiometric data for the licence
area -- Acquisition of Landsat and ASTER satellite imagery for the
licence area -- Commencement of minimum 2,500 metre diamond
drilling program. The deposit was only drilled to 50m during past
exploration programs and the latest phase by Mkango will test
potential extensions of mineralized zones to depth. The Songwe Hill
Rare Earth Project Songwe is accessible by road from Zomba, the
former capital, and Blantyre, the principal commercial town of
Malawi. Total travel time from Zomba is approximately 1.5 to 2
hours, which will reduce as infrastructure continues to be upgraded
in the area. Songwe is a volcanic vent that is expressed as a
steep-sided hill rising some 230m above the surrounding plain. The
Songwe vent is choked with agglomerates and breccias amongst which
are veins, dykes, patches and more substantial bodies of
carbonatite exposed at surface. Carbonatite is the principal rare
earth element (REE) bearing rock type. Significant exploration work
was completed at Songwe between 1986 and 1988 by the Japan
International Cooperation Agency (JICA) and the Metal Mining Agency
of Japan (MMAJ) under an agreement with the Government of Malawi.
The work comprised geochemical sampling, trenching, thin section,
polished section, XRF and EPMA analysis, and 19 drill holes to 50
metres. The logs of the drill holes indicate broad intersections of
carbonatite in a number of holes, including 46m grading 1.3% rare
earth oxides (REO), 50m grading 1.5% REO and 50m grading 3.1% REO.
Assays were only completed for lanthanum, cerium, neodymium,
samarium, europium, terbium, yttrium, strontium, niobium and
phosphate. Praseodymium, dysprosium and other heavy rare earths
were not analysed in the drill intersections. The principal
minerals hosting the rare earths were identified by JICA and MMAJ
as being bastnäsite, synchysite, parisite, strontianite, monazite,
pyrochlore and apatite. Field reconnaissance and geochemical
sampling programmes were undertaken during March 2010 and May 2010
with a view to better understanding the mineralisation as reported
in the previous work of JICA and MMAJ, also to identify the
previously reported zones enriched with rare earth elements and the
different lithologies and types of carbonatite. Results from the
2010 geochemical sampling programme were consistent with those of
JICA and MMAJ, and included assays for those elements not
previously assayed by JICA and MMAJ. Broad zones of carbonatite
were identified at surface with grades for the 62 carbonatite
samples taken ranging from 0.4% to 5.3% total rare earth oxides
(TREO) (Average 1.5%). The proportion of heavy rare earth oxides
(HREO), defined here as europium, gadolinium, terbium, dysprosium,
holmium, erbium, thulium, ytterbium, lutetium and yttrium for this
set of samples, averaged 8% of TREO. The average grade of samples
exceeding 1% TREO was 1.84%. Six samples were sent to SGS Canada
Inc. for QEMSCAN(TM) and electron microprobe analysis. Results
indicate that "parisite group" minerals (parisite, synchysite,
bastnäsite and ancylite) are the principal REE carriers for these
samples. This was broadly consistent with work completed by JICA
and MMAJ. The qualified persons for the purpose of this press
release are Neil Scott, C.Eng, and Andrew Wells, C.Eng., both of
whom work for Saint Barbara LLP and are independent of the
Corporation. Share data Shares outstanding 37.4 million Fully
diluted 48.6 million Cautionary Note Regarding Forward-Looking
Statements This news release may contain forward-looking statements
relating to the Corporation. Readers are cautioned not to place
undue reliance on forward-looking statements, as there can be no
assurance that the plans, intentions or expectations upon which
they are based will occur. By their nature, forward-looking
statements involve numerous assumptions, known and unknown risks
and uncertainties, both general and specific, that contribute to
the possibility that the predictions, forecasts, projections and
other forwardlooking statements will not occur, which may cause
actual performance and results in future periods to differ
materially from any estimates or projections of future performance
or results expressed or implied by such forward-looking statements.
The forward-looking statements contained in this press release are
made as of the date of this press release. Except as required by
law, the Corporation disclaims any intention and assume no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by applicable securities law. Additionally, the
Corporation undertakes no obligation to comment on the expectations
of, or statements made, by third parties in respect of the matters
discussed above. The TSX Venture Exchange has neither approved nor
disapproved the contents of this press release. Neither TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. Not
for distribution to U.S. Newswire Services or for dissemination in
the United States of America. Any failure to comply with this
restriction may constitute a violation of U.S. Securities Laws. To
view this news release in HTML formatting, please use the following
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table border="0" tr td colspan="5" Mkango Resources Ltd.br/ Office
+1 (403) 444 - 5979br/ Fax +1 (403) 351 - 1703br/ a
href="http://www.mkango.ca"www.mkango.ca/a /td /tr tr td William
Dawesbr/ Chief Executivebr/ a
href="mailto:will@mkango.ca"will@mkango.ca/a /td td br/ br/ /td td
Alexander Lemonbr/ Officer Presidentbr/ a
href="mailto:alex@mkango.ca"alex@mkango.ca/a /td td br/ br/ /td td
David Bergbr/ Directorbr/ a
href="mailto:dave@mkango.ca"dave@mkango.ca/a /td /tr /table p
/p
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