- Written by ASIA Miner News
An application by Baobab Resources to alter the boundaries of an exploration licence area at the Tete iron/vanadium/titanium project has been executed.
The exploration licence overlying the Massamba Group trend has been adjusted by relinquishing 7000 hectares of tenure not considered prospective to the west and acquiring 7000 hectares to the east.
The newly acquired ground includes the Tenge and Ruoni prospects which comprise a series of magnetite-ilmenite ridges. First pass rock chip sampling recently completed by the company has returned head grades averaging 48.9% iron.
Baobab has contracted New Resolution Geophysics (NRG) to complete a high resolution aeromagnetic and radiometric survey of the new area in December and January.
The new area also contains a large portion of a Lower Karoo sub-basin which may be prospective for coal. Consultants, Gondwana Consultorias Lda, have been commissioned to complete a preliminary assessment of the basin.
Baobab's managing director Ben James says, "The licence boundary alteration opens up additional magnetite targets for exploration in 2011.
"The initial results from rock chip sampling certainly show promise, however we will have to wait for the magnetics to get a better feel for how big that potential is."
Baobab Resources is a Mozambique focused resources company with a robust portfolio of green to brown fields projects covering a range of commodities. The company is rapidly developing its Tete asset.
Work to date has culminated in the calculation of a 47.7 million tonnes 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.