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http://www.asx.com.au/asxpdf/20100202/pdf/31nh813ywktg8x.pdf
Wow, very near by the surface:
Highlights
Further near surface high-grade results from 2009 infill drilling program
Very high grade, near surface mineralisation intersected in multiple drillholes,
including:
KARC170 16m @ 11,725ppm Nb2O5, 871ppm Ta2O5, 467ppm U3O8 (from 0m)
incl. 3m @ 27,974ppm Nb2O5, 2,225ppm Ta2O5, 1,127ppm U3O8 (from 10m)
KARC176 29m @ 9,717ppm Nb2O5, 447ppm Ta2O5, 336ppm U3O8 (from 5m)
incl. 13m @ 14,766ppm Nb2O5, 730ppm Ta2O5, 523ppm U3O8 (from 19m)
Results to be incorporated in new resource estimate to feed into Bankable
Feasibility Study currently underway
Additional infill drilling results expected shortly
Summary
Globe Metals & Mining is very pleased to announce the second batch of 2009 infill drilling results from
its Kanyika Niobium Project in Malawi.
The infill RC drilling program was designed solely to upgrade the resource category of selected areas
of the deposit to the JORC Measured and Indicated categories. The upgraded resource estimate is
due toward the end of Q1 2010. This will feed directly in to the pit optimisation, mine design and
scheduling components of the Bankable Feasibility Study (BFS).
All twenty four RC drill holes reported in this market release intersected significant mineralisation at
relatively shallow depths in the northern Milenje Zone. The extremely robust nature of the deposit
continues to be confirmed in these RC infill drill results, which show excellent consistency of geology
and high-grade mineralised zones. In addition, wider, moderate grade zones continue to be
intersected at deeper levels in the northern Milenje Zone.
The existing total JORC inferred and indicated resource is currently 55.1Mt @ 3,000ppm Nb2O5,
which includes 24Mt @ 3,800ppm Nb2O5.
Globe’s Executive Chairman, Mr. Mark Sumich, said “We have always been very comfortable with the
geological and resource model, and these additional infill drilling results continue to confirm the overall
robustness of the resource, and the significant high grade areas of mineralisation at or near surface.”
“The significance of these high-grade mineralised zones is that they are likely to mined first, to
enhance Project economics. The grades reported in this market release are markedly superior to the
overall resource grade.”
“The upgraded JORC resource to be released in Q1 2010 will be a key component of the BFS, and a
significant milestone.”
Highlights
• Further near surface high-grade results from 2009 infill drilling program
• Very high grade, near surface mineralisation intersected in multiple drillholes,
including:
KARC170 16m @ 11,725ppm Nb2O5, 871ppm Ta2O5, 467ppm U3O8 (from 0m)
incl. 3m @ 27,974ppm Nb2O5, 2,225ppm Ta2O5, 1,127ppm U3O8 (from 10m)
KARC176 29m @ 9,717ppm Nb2O5, 447ppm Ta2O5, 336ppm U3O8 (from 5m)
incl. 13m @ 14,766ppm Nb2O5, 730ppm Ta2O5, 523ppm U3O8 (from 19m)
• Results to be incorporated in new resource estimate to feed into Bankable
Feasibility Study currently underway
• Additional infill drilling results expected shortly
Summary
Globe Metals & Mining is very pleased to announce the second batch of 2009 infill drilling results from
its Kanyika Niobium Project in Malawi.
The infill RC drilling program was designed solely to upgrade the resource category of selected areas
of the deposit to the JORC Measured and Indicated categories. The upgraded resource estimate is
due toward the end of Q1 2010. This will feed directly in to the pit optimisation, mine design and
scheduling components of the Bankable Feasibility Study (BFS).
All twenty four RC drill holes reported in this market release intersected significant mineralisation at
relatively shallow depths in the northern Milenje Zone. The extremely robust nature of the deposit
continues to be confirmed in these RC infill drill results, which show excellent consistency of geology
and high-grade mineralised zones. In addition, wider, moderate grade zones continue to be
intersected at deeper levels in the northern Milenje Zone.
The existing total JORC inferred and indicated resource is currently 55.1Mt @ 3,000ppm Nb2O5,
which includes 24Mt @ 3,800ppm Nb2O5.
Globe’s Executive Chairman, Mr. Mark Sumich, said “We have always been very comfortable with the
geological and resource model, and these additional infill drilling results continue to confirm the overall
robustness of the resource, and the significant high grade areas of mineralisation at or near surface.”
“The significance of these high-grade mineralised zones is that they are likely to mined first, to
enhance Project economics. The grades reported in this market release are markedly superior to the
overall resource grade.”
“The upgraded JORC resource to be released in Q1 2010 will be a key component of the BFS, and a
significant milestone.”
“In relation to other aspects of the BFS, the Company expects to be able to update the market on
progress in the near future.”
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