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Aziana rapidly advances towards maiden bauxite Resource at Manantenina in Madagascar
Edited by : AL CIRCLE
1 min read
Aziana (ASX: AZK) has now defined high quality stratiform bauxite over a 13.4 square kilometre area of its Soavary licence at its Manantenina Bauxite Project in Madagascar.
Importantly, the company is on track to complete a maiden JORC Resource in the second half of 2012.
Widespread sampling has demonstrated consistent, high alumina, very low silica stratiform bauxite averaging over 6 metres thick.
Less than 15% of the Manantenina licence area has been sampled and assayed, boosting the potential for the scale of the bauxite deposit to increase with further work.
Previously reported exploration work on the Esama licence has already confirmed the presence of widespread high quality bauxite over an area of 4.1 square kilometres.
Average bauxite grades on the Soavary licence are 40% available alumina and 2.5% reactive silica based on 1217 samples.
Highlight intersections include 10.9 metres at 51.8% available alumina and 0.5% reactive silica, 9.6 metres at 51.7% available alumina and 0.9% reactive silica, and 10.5 metres at 49.2% available alumina and 0.9% reactive silica.
Importantly, the company is on track to complete a maiden JORC Resource in the second half of 2012.
Widespread sampling has demonstrated consistent, high alumina, very low silica stratiform bauxite averaging over 6 metres thick.
Less than 15% of the Manantenina licence area has been sampled and assayed, boosting the potential for the scale of the bauxite deposit to increase with further work.
Previously reported exploration work on the Esama licence has already confirmed the presence of widespread high quality bauxite over an area of 4.1 square kilometres.
Average bauxite grades on the Soavary licence are 40% available alumina and 2.5% reactive silica based on 1217 samples.
Highlight intersections include 10.9 metres at 51.8% available alumina and 0.5% reactive silica, 9.6 metres at 51.7% available alumina and 0.9% reactive silica, and 10.5 metres at 49.2% available alumina and 0.9% reactive silica.
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