Mount Burgess discovers more deposits
Germanium and vanadium is the latest discoveries at Mount Burgess Mining’s KihabeNxuu deposits, authorities at the company have revealed.Nxuu deposits which cover an area roughly 100,000 square meters will be the first to be mined for germanium and vanadium, the company said. Nigel Forrester, the Chief Executive Officer of Mount Burgess Mining made the announcement at the African Mining Summit held in London, this week. He said recent drilling at Nxuu Resource is for the purpose of upgrading its measured resource category to 2012 JORC, a code for reporting of exploration results and also include germanium and vanadium, in order to then proceed to a feasibility study.Prior resource estimates have indicated that the Kihabe-Nxuu base metals project, located in Western Ngamiland, contains resources of 33 million tonnes of mineralisation, set to change following the new discoveries. “With the recent increase in the vanadium price, vanadium presents as a significant credit for the Nxuu Deposit with the potential to significantly increase project revenues, based on the recently confirmed 80.4 percent recovery of vanadium pentoxide,” said Forrester.He further said vanadium zones of mineralisation extend beyond the zones of uncommon mineralisation, thereby increasing the widths of overall mineralised zones. “This increase in mineralised zones presents as a potential low cost mining operation,” said Forrester, adding that the drilling conducted confirmed significant zones and intersections of vanadium mineralization. Previous deposits resources on Nxuu deposits located seven kilometres east of the Kihabe resource did not include vanadium or germanium. Meanwhile, drilling at Kihabe deposit has also confirmed significant zones and intersections of vanadium mineralisation commencing immediately below the Kalahari sand cover. Kihabe deposit is known for two high grades of silver zones and Mont Burgess Mining has announced that the zones will require further drilling with reduced line spacing, to better determine the continuity and extent of these high grade zones.