Changara JV Project Update with Metals of Africa
London, Nov 27, 2013 AEST (ABN Newswire) - Baobab Resources Plc (
LON:BAO) ('Baobab' or the 'Company') is wholly focused in Mozambique where it is developing a pig iron and ferro-vanadium project in the Tete province (the 'Tete Project'), one of Africa's fastest growing mining centres. Other assets in the Company's portfolio include the Changara project which is being operated under a Joint Venture ('JV') with ASX listed Metals of Africa (please refer to RNS dated 28 November 2012).
Baobab announces that today an exploration update was made by Metals of Africa (ASX:MTA). An extract of the announcement is presented below and the full announcement is available on the Australian Stock Exchange website:
http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=mta
Alternatively, Investors may be able to download a copy from the Company's website:
http://baobabresources.com/investor/aim-announcements
HIGHLIGHTS
- Discovery of a third mineralised vein system at the Changara Project Joint Venture (refer to RNS dated 4 October 2013 for details on previous discoveries).
- Initial grades up to 8.2% Pb and 3,250ppm Zn returned from portable XRF analysis at the new 'Fred-Lead' Prospect.
- Stratigraphically hosted, anomalous Zn (>1,000ppm) zone in soil sampling over 1 km strike length adjacent to vein.
- Soil sampling program to discover new mineralised prospects is ongoing.
To view the Metals of Africa release, please visit:
http://media.abnnewswire.net/media/en/docs/76242-LON-BAO-20131127.pdf
About Baobab Resources plc
Baobab Resources plc (LON:BAO) is a Mozambican-focused explorer with a large landholding in the central north of the country. The company's flagship project is the Tete iron ore deposit.
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