- Armada Metals (AMM) intersects magmatic sulphides at the Nyanga project in Gabon, Central Africa
- The company has completed its phase one diamond drilling program which consisted of 10 holes at the Libonga North, Matchiti Central and Libonga South targets
- Notably, all 10 holes intersected dispersed to strongly dispersed and blebby magmatic sulphide
- The core is currently being processed and sections will be assayed for nickel, copper, cobalt and platinum group elements (PGE) for future targeting
- Armada ends the day in the grey with shares trading at 7.5 cents
Armada Metals (AMM) has intersected magmatic sulphides at the Nyanga project in Gabon, Central Africa.
The company has completed its phase one diamond drilling program which consisted of 10 holes, for 3240 metres, at the Libonga North, Matchiti Central and Libonga South targets along the Libonga-Matchiti Trend (LMT).
Notably, all 10 holes intersected dispersed to strongly dispersed and blebby magmatic sulphide.
The core is currently being processed and sections will be assayed for nickel, copper, cobalt and platinum group elements (PGE) for future targeting.
Further exploration and drilling programs will be undertaken later in the year.
“Armada has delivered exciting initial technical results at the Nyanga project, which have so far further demonstrated the potential of the project to host magmatic nickel-copper sulphides in this highly prospective province,” Managing Director Dr Ross McGowan said.
“In particular, the identification of significant volumes of magmatic sulphide mineralisation, near-surface, demonstrates that our technical team understands how to target this style of orogenic-associated magmatic sulphide.
“This successful start to our drilling program has not only proven that ore-forming processes have occurred, but that these results could potentially unlock the entire Libonga-Matchiti Trend, as well as other targets within our larger ground holding.”
Armada has ended the day in the grey with shares trading at 7.5 cents.