Baobab Resources is gearing up for a highly productive second half of 2011 with drilling and exploration programs at its portfolio of mineral projects in Mozambique. To cater for this period the company has four reverse circulation (RC) rigs and two diamond rigs operating with an additional RC rig and three further diamond rigs in transit.
The company is rapidly developing its Tete iron/vanadium/titanium asset. Work to date has culminated in the calculation of a 47.7 million tonne maiden inferred mineral resource over a 500 metre portion of the 8km Massamba Group trend where a 400 million to 700 million tonne exploration target has been estimated.
Baobab has recently completed a resource drilling program at the South Zone iron/vanadium/titanium prospect with consultants Coffey Mining working on a resource estimate.
Most rigs are being deployed at the Tete and Muande projects. At Tete, two RC rigs have started drilling the extensions to the Chitongue Grande resource and two RC rigs and a diamond rig have started drilling the Tenge-Ruoni prospect.
Diamond drilling has started at the Monte Muande magnetite/phosphate deposit. A sampling program has also been established to assess the direct shipping ore (DSO) potential of the eluvial material.
Drilling is also due to start at Mundonguara, testing both copper, nickel and gold targets.
Baobab’s managing director Ben James says, “With 10 rigs in operation, the company will be amongst the busiest explorers in the region. As results come to hand we should expect a strong flow of news, including resource statements, through quarter 3 and quarter 4 leading to the commencement of a pre-feasibility study at Tete in quarter 4.”