Australia  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Strandline Resources Ltd seeks new mineral sands from drilling in Tanzania

Proactive Investors Monday, 5 September 2016
Strandline Resources Ltd’s (ASX:STA) is expanding exploration and development programs at the company’s Tanzania-based mineral sands projects.

The zircon-rich Fungoni deposit in Tanzania has an indicated resource of 11 million tonnes at 3.1% Total Heavy Minerals (THM) with a valuable assemblage of 22% zircon, 4% rutile and 44% ilmenite.

The drilling campaign to extend the resources at Fungoni as part of a feasibility study has been completed, adding a potential 400 metres of strike to the previously defined mineralisation.

Strandline is now awaiting drill results to prepare a mineral resource update, bulk metallurgical testwork and optimal flowsheet design.

The samples generated from this program will also will provide high value product samples for marketing in the short term.

Strandline has also commenced a 4,000 to 5,000 metres aircore drill program at the Tanga South project, which is expected to be completed over the next 4 weeks.

The company had previously estimated an exploration target of 100 to 270 million tonnes at 3%-5% THM for this prospective 25 kilometres long zone on the Tanzanian coastline.

Additionally, an extensive 20,000 line-kilometres, high resolution survey is underway over much of Strandline’s Tanzanian land tenure, designed to significantly assist in delineating new zones of heavy mineral sands.

Following the recent placement and rights offer, Strandline is well cashed up with $4.8 million in the bank as at 31 August 2016.


*Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.*
0
shares
ShareTweetSavePostSend
 

You Might Like

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.