THE BOURSE WHISPERER: Metals of Africa (ASX: MTA) has identified a multi-element geochemical anomaly at the Rulio prospect, part of the company’s 100 per cent-owned Rio Mazoe base metal project, located in the Tete Province of Mozambique.
MTA described the anomaly to be associated with a coincident airborne magnetic geophysical anomaly and has elevated zinc, lead and copper in soil geochemistry, plus manganese, phosphorus among other elements.
The company indicated the se to be in-line with the Broken Hill-type (BHT) mineralisation it is targeting at the project.
The geochemical anomaly measures 2.5 kilometres long by 750 metres wide and was identified from a soil sampling program at the recently-discovered Rulio high-grade lead prospect.
MTA has a 1500m diamond drilling program to test priority targets scheduled to commence late next month.
The company is conducting a soil sampling program at the Rio Mazoe project, which is currently ongoing.
Results MTA has received from the program to date have defined three compelling multi-element anomalies hosting elevated base metals, including zinc, lead and copper, at the Rulio, Cocodeza and Cocodeza East prospects.
Image of zinc pXRF soil assays with polygons outlining anomalies:
lead (black), zinc (blue), phosphorous (red), manganese (purple),
Mercury (grey), iron (brown), copper (green) and arsenic (khaki). Mapped
faults and geological boundaries are shown for reference. Source:
“The elevated zinc, lead and copper mineralisation identified is an indicator for BHT deposits, the geochemical assemblages identified at the three prospects via the soil sampling program is indicative of a geological system enriched in base metals,” Metals of Africa said inn its ASX announcement.
The company indicated a fourth prospect, Cocodeza South, has also been discovered 2.5km south of the main Cocodeza prospect.
Detailed geological mapping is currently underway at all four prospects, with the high-priority targets proposed to be drill tested in the upcoming drill program.