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NYANGA
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Key Facts
Location:
Uganda
Commodities: Tantalum, Tin
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Latest Information June 30, 2002 Conclusions were made that a pegmatite body is running east/west on the Nyanga property. With a measured length of 370 metres (which remains open at both ends), and with a width of approximately 54 metres as taken from the exposed pegmatite on the west pit, its size is substantial. Diamond drilling has confirmed that the pegmatite runs to a depth of at least 80 metres. Tantalum mineralization occurs in very coarse high-grade zones with lower-grade deceminated areas within the pegmatite. Assay results regarding Ta205 and associated minerals will be made available within approximately 14 days. May 31, 2002 Additional samples from drill hole No. 2 have assayed over 4,000 ppm Ta (11 pounds per tonne) at 65 m below surface. Core recovery in the pegmatite was less than 50%. This assay confirms tantalite mineralization to depth between the previously mined exposed surface pegmatites in the west and the east. Underground bulk sampling is recommended to establish grade and economic viability. The diamond drill program continues and a trenching and underground program will start in mid-May. April 30, 2002 Geological model standing up to field testing: the theory that the quartz trains were quartz cores indicating pegmatite below them and representing a substantial potential pegmatite reserve found two old mine pits 330 m apart showed quartz cores with mining in between. The western pit was 75 m wide and the eastern pit was 45 m wide. A short adit (No. 2) adjacent to the east pit gave erratic channel and grab grades from 10 to 4,500 ppm tantalum (Ta). Two holes 60 m from the hanging wall of the two pits approximately halfway between them hole No. 2, drilled at 45 degrees, was cased for 30 m and completed to 100 m. Pegmatite was intersected from 65 m to 95 m as indicated by high multiple-element assays and logging. Core recovery in the pegmatite was less than 50% and the Ta grade was low. Hole No. 3, drilled from the same set up as No. 2 at 70 degrees, intersected quartz core and pegmatite from 50 m to 70 m and was stopped in pegmatite due to machine problems. This hole definitely indicates a second strong vertical pegmatite zone. This hole has not been assayed yet but field reports indicate that the pegmatite is more competent and mineralized. |
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