- Drilling confirms Bua Channel as a high-grade, rutile...

- Drilling confirms Bua Channel as a high-grade, rutile dominant, sand-hosted, channel placer deposit,within the emerging Malawi Rutile Province.
- Air-core drilling results extend confirmed rutile mineralisation to over 5km length
- The Bua Channel is geologically well defined over a total length of ~50km. Planning for a drilling program to test the remaining +40km length of the channel is well advanced.

- First phase air-core results with 17 holes received to date from a total 54 holes. Results include;

- 8m @ 0.88 % rutile, 1.5% ilmenite & 0.08% zircon (from surface)
inc. 5m @ 1.02% rutile, 1.7% ilmenite & 0.09% zircon (from 3m)

- 7m @ 0.85% rutile, 1.4% ilmenite & 0.08% zircon (from surface)
inc. 3m @ 0.96% rutile, 1.6% ilmenite & 0.08% zircon (from 4m)
- 8m @ 0.79% rutile, 1.3% ilmenite & 0.07% zircon (from surface)
inc. 3m @ 0.92% rutile, 1.5% ilmenite & 0.08% zircon (from 5m)

- QEMSCAN mineralogy has characterised the ilmenite as high quality with TiO2 content of ~60% indicating it may be suitable as a chloride feedstock potentially adding significant value to the overall mineral assemblage
- A large number of drilling samples remain to be reported from the new Kasiya saprolite-hosted rutile discovery, the Bua Channel discovery and additional new regional prospects...................
http://www.investi.com.au/api/announcements/svm/650c7f72-049.pdf