On November 4, UK-based Jangada Mines plc said it would launch an exploration program at its Pitombeiras Vanadium Project in Brazil. The program will cover the entire tenement area (1,093 hectares) with a total of 135 linear kilometres of gridlines. The company would also carry out a ground magnetic survey as well as collect samples for metallurgical testwork.
The program will provide the necessary technical information to support the definition of a JORC compliant mineral resource estimate and a subsequent Preliminary Economic Assessment prepared by an independent engineering company.
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