Windimurra Vanadium Limited is a heavy mineral explorer. Recently they have acquired Srinel Holdings Limited have land the may contain heavy metal concentrations...
A few Ann's of interest:
Srinel has subsequently re-structured the mining tenements held by its subsidiaries and Srinel, via its subsidiaries, now holds exploration licences and applications for exploration licences over the 348 square kilometres previously contemplated by the Original Option Deed, together with an application for an exploration licence over a new 42 square kilometre area on Mannar Island, Sri Lanka (collectively, the “Tenements”).
HIGHLIGHTS
Drilling conducted over expanded project area indicates significant heavy metal concentrations extend over 400 metres inland.
Samples are being consigned to a laboratory for analysis and results expected within 6 weeks.
Observations provide confidence that the Company’s maiden JORC resource of 10.3mt of %THM of 11.7% can be increased.
A 12km2 area has been proposed as a priority area for a follow up drilling program designed for resource extension.
76 drill holes represent only a small percentage of the prospective geology of the Mannar Island tenure.
Volume has broken out so i suspect the drilling has turned out to be something of significance.
