Date: Oct 9, 2018
Exploration company Six Sigma Metals (ASX: SI6) has recovered significant high-grade vanadium mineralisation during a due diligence surface sampling program at the Chuatsa vanadium-titanium project in far north Zimbabwe.
The company emerged from a trading halt this morning to announce the assay results of the July program, with six out of eight outcropping rock samples returning vanadium oxide results over 0.68%.
In addition, 55% of collected soil samples delivered vanadium oxide results in excess of 0.3%, Six Sigma reported.
The samples were collected over a 2.5km stretch of layered intrusive rocks with assays also delivering elevated copper, cobalt, titanium oxide and iron oxide results.
Highlights included a rock sample returning 1.14% vanadium oxide, 0.02% copper, 10.9% titanium oxide, 74.1% iron oxide and 202 parts per million of cobalt. One of the best soil samples delivered 1.1% vanadium oxide, 0.14% copper, 10.2% titanium oxide, 72.6% iron oxide and 259ppm cobalt.
Confirming historical activity
According to exploration manager Steve Groves, the “extremely encouraging” results have confirmed (and often exceeded) the results of historical exploration by London-listed Anglo American undertaken in the 1960s.
“We have also discovered that elevated levels of cobalt exist across the project which potentially adds significant value to this large, multi-commodity body,” said Mr Groves.
“The fact that most of our samples were soils but still returned high levels of vanadium, copper, cobalt, titanium and iron shows that we are only scratching the surface of what could be a large, high value ore body within good proximity to infrastructure at a time when Zimbabwe is looking for quality resource projects to kick start its economy and provide opportunities for the local population,” Mr Groves added.
