Date: May 8, 2018
Tando Resources has returned grades in excess of 2 per cent V2O5 from surface samples taken at the SPD vanadiumproject in the Bushveld Complex of South Africa.
In March, Tando secured an agreement to acquire 74 per cent of the SPD project. The company expects to finalise this deal in the next fortnight following due diligence.
Tando, during a recent site visit, took samples from outcropping magnetite pipes at SPD, returning assays of 2.08 per cent V2O5 and 2.02 per cent V2O5.
According to Tando, the pipes outcrop as semi-circular to elliptical bodies between 100–400m long and around 100m across.
Tando emphasised that these returns were whole rock results and not concentrate grades. The company added the results compared favourably to the average in situ grade of the SPD project, which is estimated to be 0.78 per cent V2O5, based on historical drilling.
