Malawi adds rutile and ilmenite discovery to its portfolio
Mkango Resources (AIM/TSX-V: MKA) said today it added a new rutile and ilmenite discovery to its portfolio after announcing the results of a reconnaissance shallow soil sampling and auger programme in its 869 square kilometre Mchinji licence.
Rutile plus anatase mineralisation are both naturally occurring mineral forms of titanium dioxide, TiO2.
The company said its exploration program demonstrated the presence of interesting grades of rutile plus anatase mineralisation of up to 1.07%, with overall TiO2 grades in the range 0.51 to 4.10% in auger samples and 0.14–2.38% in soil samples; also ilmenite grades of 1.30 to 3.40%.
“Mkango is focused on developing the Songwe rare earth deposit in Phalombe district in Malawi and is looking forward to completing the feasibility study," said Mkango’s President Alexander Lemon.
"We are very pleased to add this new rutile and ilmenite discovery to our portfolio of projects in Malawi. These early stage results show similarities in terms of saprolite-hosted mineralisation to the recent rutile discoveries made on the adjoining Sovereign Metals Ltd licence to the east, and suggest the potential for discovering high-grade rutile deposits within Mkango’s large licence area, in what could potentially be a new province of rutile mineralisation.”