Globe drilling confirms flourite

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THE DRILL SERGEANT: Globe Metals & Mining has told the market that fluorite focussed drilling conducted at its Mount Muambe project in Mozambique has confirmed strike extensions and provided additional infill results.

According to the company drilling carried out to the north of the Main Fluorite/REE Zone of the project has extended near surface fluorite mineralisation to over 300m strike length.

 

Source: Company announcement

 Best recent results from the northern extension drilling include:

–    13 metres at 13.9 per cent fluorite from surface; and

–    10m at 12.9 per cent fluorite from 12m.

Best results received from the infill drilling include:

–    27m at 19.6 per cent fluorite from surface, including 6m at 41.6 per cent fluorite; and

–    18m at 20.6 per cent fluorite from surface, including 8m at 24.5 per cent fluorite.

Globe said it expects to receive fluorite and REE results for the remaining 27 holes drilled in the Main Fluorite/REE Zone and its southern extension in the coming weeks.

Globe’s 2011 drilling program is beginning to present a clearer geological picture between the fluorite and REE mineralisation in and around the Main Fluorite/REE Zone,” Globe Metals & Mining said in its announcement to the ASX.

“Recent analytical results have shown that fluorite is dominantly hosted in sheets of fenite above a larger carbonatite body containing both LREO and HREO enriched mineralisation.

“The most recent results have extended this zone of fluorite mineralisation to the north, confirming a strike length in excess of 300 metres.

“The mineralisation occurs in a relatively flat-dipping, irregular shaped zone about 80 metres wide, with thickness generally ranging between five metres and 30 metres.”

Globe said these latest results have continued to outline a consistent zone of mineralisation that it will use to form the basis of an initial resource estimate due for completion in first quarter of 2012.

The company suggested it is expecting significant additional fluorite and REE drilling results to flow from the drilling program at Mount Muambe over the coming weeks and months.