Mustang Resources drilling extends graphite vanadium resource

Date: Sep 7, 2018

The company expects to generate near-term cash flow through trial mining next year.
drill rig on site at Caula Project

Mustang Resources Ltd (ASX:MUS) has completed, ahead of schedule, its feasibility study drilling program on the Caula Vanadium-Graphite Project in Mozambique.

Mineralisation was intersected in all 34 holes and visible graphite and vanadium was visually encountered outside the current JORC resource boundaries to the east, west and south.

The strike has increased to over 850 metres from 540 metres, and the true width has nearly doubled to 430 metres, from 230 metres.

The drilling program comprised 3,025 metres of diamond drilling and 1,130 metres of reverse-circulation drilling.

To read full article please click here