- Published on Tuesday, 17 July 2012 05:03
Authors: Proactiveinvestors Australia website
(ASX: KRE) has discovered a new prospect which has the potential for multiple elements at the Malilongue heavy rare earths oxide project located in Mozambique.
Kimberley only started exploration a few months ago at Malilongue, with the Chigaio prospect yielding significant strategic metal anomalism - and is located just nine kilometres from the Vundu prospect where more rare earth anomalism was recently defined.
Worth noting for investors, Malilongue has already drawn similarities to the ' (CVE: QRM) Strange Lake deposit in Canada, (43‐101 Resource: 230 million tonnes at 0.91% TREO. A "Heavies" Project: 41% HREO/TREO).
Over 1800 soil samples have been collected from around the margins of the Malilongue granite using a set of grid system designs, with results from the Southern Pegmatite Field grid defining a major geochemical zone containing lithium, tantalum and tin anomalism over the Chigaio pegmatite.
Further soil geochemical peak values include tantalum in soil at over 270ppm and lithium in soil at over 450ppm, on dimensions exceeding 2 kilometres in strike and 400 metres in width.
The tin in soil values peak at 992ppm from within an anomaly defined by a threshold value of 200ppm tin, with the anomaly slightly offset from the lithium-tantalum zone and may be indicative of a zoned pegmatite body which is consistent with similar deposits currently being mined around the world.
Tim Dobson, managing director, commented: “The KRE exploration team has done an excellent job in identifying two significant prospects in quick succession. These early achievements confirm our view that Malilongue is highly prospective for a range of deposit types.”
Importantly - geological mapping at Chigaio has identified that the surface lithium tantalum tin anomalism is directly related to a large pegmatite body emplaced along a major NE trending structure that defines the SE contact of the Malilongue granite.
A major plus us early indications suggest that the Chigaio pegmatite is of a particular rare element class known as LCT, which is one of the most important sources of tantalum, lithium, tin, other rare metals and gemstones.
Geoff Collis, GM of Exploration, told Proactive Investors today that prospects keep appearing at Malilongue. "We continue to discover good values of rare earths and heavy rare earths, along with lithium and tantalum. Heavy rare earths remain our primary target."
News flow to increase in the short term
Kimberley will look to release more geochemical soil results in August and September, with a trenching program to commence immediately in the Chigaio prospect area, which is a low cost and effective method of follow up testing.
Once these additional results have been received and targets defined, Kimberley can then look to drill test using a reverse circulation rig which has been sourced locally.
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