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Mkango Resources makes new rutile and ilmenite discovery in Malawi

Mkango's main focus remains the Songwe rare earths deposit

Mkango Resources Ltd -

Mkango Resources Ltd (LON:MKA) (CVE:MKA) said it has discovered significant showings of titanium dioxide mineralisation in a soil sampling and auger drilling programme at its 869 square kilometre Mchinji licence in Malawi.

“Mkango is focused on developing the Songwe rare earth deposit in Phalombe district in Malawi and is looking forward to completing the feasibility study,” Mkango’s president, Alexander Lemon said in a statement.

WATCH: Mkango Resources is 'incredibly excited' to discover new rutile and ilmenite in Malawi

“We are very pleased to add this new rutile and ilmenite discovery to our portfolio of projects in Malawi. These early-stage results show similarities in terms of saprolite-hosted mineralisation to the recent rutile discoveries made on the adjoining Sovereign Metals Ltd licence to the east, and suggest the potential for discovering high-grade rutile deposits within Mkango's large licence area, in what could potentially be a new province of rutile mineralisation."

Twelve vertical auger holes were drilled to depths of between 0.45 metres and 9.4 metres, for a total of 35.8 metres, from which 41 samples were collected.

Soil sampling was carried out in pits dug to 50 centimetres on a 500-metre staggered grid in four areas of the licence, producing 134 samples.

Quick facts: Mkango Resources Ltd

Price: 9.75 GBX

LSE:MKA
Market: LSE
Market Cap: £12.97 m
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Mkango Resources is 'incredibly excited' to discover new rutile and ilmenite...

Mkango Resources Ltd's (LON:MKA) (CVE:MKA) Alex Lemon talks to Proactive London about their operations in Malawi and their latest set of results. Lemon explains how the findings show significant signs of titanium dioxide mineralisation in a soil sampling and auger drilling programme at its...

on 15/9/20

2 min read