Jangada Mines PLC Tenements granted at Pitombeiras Vanadium Project (9168C)
February 13 2020 - 5:45AM
UK Regulatory
TIDMJAN
RNS Number : 9168C
Jangada Mines PLC
13 February 2020
Jangada Mines plc / EPIC: JAN.L / Market: AIM / Sector:
Mining
13 February 2020
Jangada Mines plc ('Jangada' or the 'Company')
New Tenements granted at Pitombeiras Vanadium Project
Jangada Mines plc ("Jangada" or "the Company"), a natural
resources company, is pleased to announce that it has been granted
by the Agência Nacional de Mineração (the agency which has replaced
the DNPM) additional tenements alongside its 100% owned Pitombeiras
Vanadium Project ("Pitombeiras"), located in the state of Ceará,
Brazil.
To view the full RNS with illustrative diagrams and maps please
use the following link:
http://www.rns-pdf.londonstockexchange.com/rns/9168C_1-2020-2-13.pdf
Highlights:
-- Additional tenements, known as Mocidade, add 864 hectares to
the total exploration area which is now 1,958 hectares
-- Tenements acquired through direct application and consequently negligible cost
-- New tenements include prospective airborne magnetic anomalies
with signatures similar to the Pitombeiras' VTM targets
-- Detailed geological mapping and rock chip sampling included
in our current exploration programme
Brian McMaster, Chairman of Jangada, said: "Based on the work
from our current exploration programme, and our increased knowledge
of the project, we have identified suspected trends in the geology.
The addition of the Mocidade property is part of this increased
geological knowledge and we believe offers Jangada an exciting
additional line of exploration enquiry. Initially, we will conduct
detailed geological mapping and rock chip sampling, the results of
which will be announced in Q2 2020."
Further Information:
Jangada has expanded its footprint area at its Pitombeiras
Vanadium Project by adding, through direct staking, the Mocidade
property, located approximately 3 km north of the main Pitombeiras'
targets (Figure 1).
The Mocidade property has a total area of 864 hectares and
contains several airborne magnetic anomalies with signatures
similar to the Pitombeiras' VTM targets. Jangada has selected 6
magnetic targets to undertake a field reconnaissance, which will
initially include geological mapping and rock chip sampling and
followed by a detailed ground magnetic survey if initial results
are deemed positive (Figure 2).
Figure 1 - Location of the Mocidade property relative to the
Pitombeiras property - see PDF
Figure 2 - Magnetic targets selected for field reconnaissance on
Mocidade property - see PDF
Competent Person Statement
The information in this announcement is prepared by Mr. Paulo
Ilidio de Brito, who is a member of the Australian Institute of
Geoscientists (MAIG # 5173) and a member of AusIMM - The
Australasian Institute of Mining and Metallurgy (MAusIMM # 223453).
Mr. Brito is a professional senior geologist with +34 years of
experience in the mining industry, which is relevant to the style
of mineralization and type of deposit under consideration and to
the activity which he has undertaken to qualify as a Competent
Person as defined in the 2012 edition of the JORC Code. Mr. Brito
has no economic, financial or pecuniary interest in the company and
he consents to the inclusion in this document of the matters based
on his information in the form and context in which it appears.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014. Upon the publication of
this announcement, this inside information is now considered to be
in the public domain.
ENDS
For further information please visit www.jangadamines.com or
contact:
Jangada Mines plc Brian McMaster (Chairman) Tel: +44 (0) 20
7317 6629
Strand Hanson Limited James Spinney Tel: +44 (0)20 7409
(Nominated & Financial Ritchie Balmer 3494
Adviser) Jack Botros
Brandon Hill Capital Jonathan Evans Tel: +44 (0)20 3463
(Broker) Oliver Stansfield 5000
St Brides Partners Charlotte Page Tel: +44 (0)20 7236
Ltd Beth Melluish 1177
(Financial PR)
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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