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Arcadia Minerals Ltd (ASX:AM7) kicks off exploration at Swanson and Karibib

Summary 

  • Arcadia has commenced its exploration activities at the advanced Swanson Tantalum exploration project in the Tantalite Valley, Namibia and the Karibib Copper-Gold Project.
  • The drilling contractors have already been mobilised to commence the drilling activities at the Swanson Tantalum project.
  • Snowden’s Mining Industry Consultants (Pty) Ltd have been involved for mineral resource estimation and mine design at the Swanson project. The results are anticipated to be released shortly.
  • A grab sample program was undertaken at Karibib on the northeast-southwest trending and is 1 to 2.5 km wide and 20 km long structural feature on the Goas license in the Karibib Gold Belt.

In an upbeat market update, Namibia-focused explorer Arcadia Minerals Ltd (ASX:AM7) has announced the commencement of exploration activities at its advanced Swanson Tantalum exploration project and the Karibib Copper-Gold Project.

The exploration at Swanson Tantalum exploration project situated in Tantalite Valley, Namibia is undertaken through the Company’s Namibian subsidiary Orange River Pegmatite (Pty) Ltd (ORP), and at its Karibib Copper-Gold Project through its 80% owned subsidiary (see-through 68%) Karibib Pegmatite Exploration (Pty) Ltd (Karibib).

Namibia considers mining and exploration as essential services, hence, Arcadia has already commenced its operations in the country despite the COVID-19 restrictions.

Also Read: Arcadia Minerals Limited’s (ASX:AM7) Recipe for success on ASX

Swanson Tantalum-Lithium Project

The drilling contractors have already been mobilised to commence the drilling activities at the Swanson Tantalum project. Spes Bona Engineering, Drilling and Exploration (Spes Bona), a Namibia-based exploration services company, has been involved and has mobilised its field teams and two diamond drill rigs to ORP’s Swanson project site.

Spes Bona has kicked off road construction, drill pad preparation and the construction of water-for-drilling infrastructure for the drilling program on behalf of ORP. The Ministry of Mines and Energy has given its go-ahead to ORP to initiate the drilling program as scheduled, in early August 2021.

Must Read: Swanson Tantalum project bodes well for Arcadia (ASX:AM7) as 5G market is set to gain traction

Drilling program at Swanson - The proposed 1,100m drilling program will include 22 diamond holes on the Swanson swarm of pegmatites at the ORP’s prospecting licence 5047. The drilling program will assess and evaluate the open pit potential at the E5 to E7 pegmatites and the underground potential at E1 to E4 pegmatites. The drill samples will be assayed by Scientific Services in Cape Town.

The proposed 22-hole drilling program follows up on an initial drilling program at Swanson, which was concluded in August 2020. It included an extensive mapping and sampling program over exposed outcrop, which tested numerous pegmatites in the Swanson pegmatite swarm. A total of 15 well-mineralised pegmatite bodies were delineated and named alphanumerically (A1 to F1). The channel sampling program delineated extensive tantalum and some lithium mineralisation.

The discovery was then confirmed by channel sampling and subsequently by the initial drilling program, which included 23 diamond drilling holes for a total of 349.85m.

Additionally, a bulk sampling program will also be conducted by Spes Bona to extract 100 tons of pegmatite mineral. The test work is aimed at testing the amenability of pegmatite material to procure tantalum concentrates.

Suggested Read: Arcadia Minerals sets its sights on unlocking Namibia’s untapped minerals potential

Snowden’s Mining Industry Consultants (Pty) Ltd has been involved for mineral resource estimation and mine design at the Swanson project. The results are anticipated to be released shortly.

Source: Arcadia Minerals Presentation

Karibib Project

A grab sample program has been undertaken at Karibib over a northeast-southwest trending, 1 to 2.5 km wide and 20 km long structural feature discovered on the Goas license in the Karibib Gold Belt. The structural feature contains known mineralisation and historical base and precious metal geochemical anomalies with grade up to 3.15 wt. % Cu, 36.4 g/t Ag, 1.79 g/t Au and 1.05 % WO3 in the south-east, 4.10 % Cu, 252 g/t Au, 0.80 g/t Au and 0.21 % WO3 in the northwest in a calc-silicate unit.

As many as 65 samples were collected from the outcrops along the length of the structure. The samples were collected by ALS Laboratories in Okahandja on 1 July 2021 and were sent to ALS Edenvale Laboratories in South Africa for ICP analyses.

The sampling program will test if the mineralisation extends across the entire structural feature and will determine the dominating mineralisation style over the feature.

Must Read: Will Arcadia Minerals (ASX:AM7) be the next big lithium explorer from Namibia?

Arcadia traded at AU$0.175 a share on 22 July 2021 at 3:16 PM AEST, up ~3% against the previous close, with a market capitalisation of AU$14.53 million.

 

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