Some results are at hand!! And I like them! Looks like my call about the Rights Issue was valid though - Now at 2.4c with free attaching option.
Five grab samples were taken from the manganese reefs on Peco mining lease in late 2010, with assays ranging from 49.42% ? 60.36% Mn.
Five RC holes intercepted the manganese, with thicknesses up to 10 metres. The best intercept from chemical analysis was 3.5 metres @ 30% Mn including 0.5 m @ 46.2% Mn. XRF analysis of the diamond core disclosed best results of 2.15 metres @ 48.42% Mn; and 1.3 metres @ 48.7% Mn,
Kanona Project is near Serenje in central Zambia, close to the railway line and the Great Northern Highway. Manganese occurs in veins and rubble zones which appear to be several hundred metres in length. Mapping and surveying has been carried out over parts of the area, and ground magnetic surveys have been completed to date over 3 areas within the project. Hand-held XRF analyses of manganese reefs exposed at surface and in old workings has produced results of 47.7- 48.8% Mn.
URA Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held