Date: Sep 18, 2018
Tando Resources’ (ASX:TNO) first two holes at its SPD Vanadium Project in South Africa have intersected the mineralised unit based on visual identification of magnetite in diamond core and RC chips.
This is highly significant because the mineralised unit comprises a series of magnetite layers, which is well established as the host rock for the vanadium mineralisation at SPD.
The first diamond drill hole (VDD001) intersected the mineralised unit between 32 metres and 49 metres downhole and the first RC drill hole (VCR001) intersected the mineralised unit from surface.
The results are made more significant by the fact that VDD001 is located 150 metres from historical drill hole SPD014, as indicated below.
This returned whole rock/pre-concentrate assays of 25 metres at 0.67% vanadium oxide (V2O5), with samples from the same interval generating a magnetic concentrate grading 1.99% V2O5.
Of course TNO still has a lot of work to do here, so investors should seek professional financial advice if considering this stock for their portfolio.
