Drilling Defines Major, High-Grade Rutile Discovery at Kasiya, Dr Julian Stephens: “These are the
best drill results Sovereign has achieved since commencing rutile exploration in Malawi. Kasiya is a
new, high-grade, free-dig, saprolite-hosted zone of rutile mineralisation. The majority of the highest-grade zones are at surface and grades overallare consistent over significantlateral distances. We
believe Kasiya and surrounding prospects could collectively develop into a largerutile deposit cluster.” “Sovereign is
now in an enviable position with two high-priority rutile prospects identified at Kasiya (saprolite) and Bua Channel (sand).These prospects will be the target of extensional and infill drillingin 2020 in order to define JORC mineral resource estimates. We are looking forward to updating the market as
we continue to unlock this potentially globally significant and strategic rutile province.”
- +1.8km estimated true surface width of high-grade rutile mineralisation confirmed with strike length
currently unconstrained and open in both directions
- Key shallow drilling results received to date include;
- 7m @1.27% rutile inc. 3m @ 1.80% rutile from surface
- 8m @1.17% rutile inc. 5m @ 1.30% rutile from surface
- 14m @0.92% rutile inc. 3m @ 1.38% rutile from surface
- 13m @1.09% rutile inc. 3m @ 1.27% rutile at depth (
EOH)
- 10m @1.06% rutile inc. 4m @ 1.46% rutile at depth (
EOH)
*All primary intercepts commence at surface
-
14 of 19 holes drilled intersected the high-grade rutile zone with 11 of these 14 exhibiting +1% rutile grades from surface- High-grade rutile
occurs down to 13m, averages ~8m thick and remains open at depth in a number of holes- A substantial extensional and in-fill drill program at Kasiya continues with the second batch of samples already despatched to Perth for laboratory analysis
- Additional
results pending for the initial drill-tested 8km of the Bua Channel Prospect (sand-hosted) with further extensional drilling over its full ~50km length in the advanced planning stagehttp://www.investi.com.au/api/announcements/svm/3f7c5fc3-228.pdf
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