BWA Group PLC Completion of Mechanised Auger Sampling in Cameroon
2022年6月30日 - 2:00AM
RNSを含む英国規制内ニュース (英語)
TIDMBWAP
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11
OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.
29th June 2022
BWA Group PLC
("BWA", or the "Company") (AQSE: BWAP)
Completion of Mechanised Auger Sampling at the Nkoteng Heavy Mineral Sands
Project, Cameroon
BWA Group plc [AQSE: BWAP], which has mineral exploration licences in both
Cameroon and Canada and is quoted on London's AQSE Growth Market (formerly
NEX), provides an update on its recently completed surface sampling programme
at its 90% owned Nkoteng rutile sands project located in Central Cameroon
("Nkoteng" or the "Nkoteng Project").
BWA currently has two heavy mineral sands ("HMS") licences in Cameroon, both of
which are at an early stage of exploration. The Nkoteng Licence covers an area
of 497 km2, comprising part of the prospective Sanaga river system and is
located 60 km to the north east of Yaoundé with easy transport links to the
port of Douala. (See Figure 1 on website version). The Dehane Licence ("Dehane"
or the "Dehane Project") is 132 km2 comprising part of the prospective Nyong
river system estuary and is located 166 km to the west of the capital, Yaoundé
and 70 km from the deep seaport and industrial zone of Kribi.
BWA is pleased to announce the completion of a mechanised Auger sampling
programme on the Nkoteng Project, reported in accordance with JORC (2012).
The short sampling programme was carried out between the 6 May and 9 June 2022
(see Figure 2 n website version). A total of 107 holes were drilled for 193.30
metres and 171 primary samples. The programme targeted the central sector of
the licence where pitting and hand auger sampling completed by BWA in 2021 has
identified an area of anomalous alluvial HMS mineralisation related to the
extensive Sanaga river system and associated floodplains, (see Figure 3 on
website version).
A selection of 20 samples will be submitted to Germany for heavy mineral
separation testwork. Results are expected late Q3.
A version of this announcement containing all figures, tables, pictures and
maps can be viewed on the Company's website, http://www.bwagroupplc.com/,
including JORC (2012) Table 1.
Outlook
The Company are processing the raw geological data collected from the recent
programme and are still in the early stages of evaluating the lithological data
and database in general. BWA are very encouraged by the presence of observed
intervals of Ilmenite, Rutile, Zircon and Kyanite over continuous zones within
the programme area. BWA look forward to receiving the results of the heavy
mineral separation testwork.
Richard Battersby, Non-executive Chairman of BWA, commented:
"We are encouraged by the completion of this first mechanised Auger sampling
program within the Nkoteng licence area, establishing best practice operating
systems and safe working practices. We look forward to the receipt and
interpretation of results on completion of planned laboratory sample test
work."
Summary of Exploration Works
In accordance with JORC (2012) reporting guidelines, a summary of the material
information used is set out below. For further details, please refer to the
JORC (2012) Table 1, located in the Appendix to this announcement.
The short exploration programme consisted of 107 holes for 193.30 metres and
171 primary samples. These samples were collected from within the current
floodplain and paleo alluvial basin related to the Sanaga river (see Figure 3).
The holes were mechanically drilled using a Van Walt windowless percussion
sampling system to a maximum depth of 4.0 m, stopping the hole when bedrock was
reached.
Half core samples were split for analysis, with the remaining half core stored
in bags for reference and duplicate samples as necessary. Sample intervals were
generally between 50 - 100 cm in length and lithologically controlled. Samples
have not been sent for analysis at this time. A selection of 20 samples will
shortly be submitted to a specialist laboratory Germany for heavy mineral
separation testwork. Results are expected late Q3.
The principal host for the mineralisation, the sands, were routinely sampled to
test for the presence of heavy minerals. The overlying plastic clays and
saprolite were also sampled as there are anomalous results, as identified from
previous programmes.
Geology and Geological Interpretation
The prospective Sanaga river is the main river which runs through the BWA
Nkoteng licence area and accommodates approximately 50 km of the river
floodplain system and associated tributaries, and an even larger
paleo-floodplain area, observed in satellite imagery, although this has yet to
be fully ground-truthed through fieldwork.
The geological sequence generally consists of a cover of clays, overlying the
target deposit layer consisting of sands and gravels, generally laying directly
on the bedrock.
Surficial geology encountered during the auger programme comprised of 0.2 m of
surface organic rich soil, alluvial clays and sandy clays ranging from 0 m to 4
m with an average thickness of approximately 1.3 m thick, and basal sand and
gravels ranging from 0 m to 3 m thick in places.
Further interpretation of the Nkoteng auger program data will take place once
selected sample test results are received.
The Nkoteng deposit is likely to be a trap placer (native) deposit. The entire
stratigraphic column of the Sanaga alluvial deposits is considered potentially
mineralised.
Nkoteng is located within the Yaoundé Domain of the Pan African Belt, a large
nappe unit that has been thrusted southward onto the Congo Craton and is
characterised by low-grade to high-grade garnet bearing metamorphosed schists,
gneiss and orthogneisses.
Competent Person's Statement
The information in this report which relates to exploration results for the
Nkoteng Project is based upon and fairly represents information collected and
compiled by Mr Emmanuel Simo, MSc., Senior Geologist and Chief Geologist for
BWA, who is a Member of the Australian Institute of Geoscientists.
The exploration results were reviewed by Mr J.N. Hogg, MSc. MAIG, Principal
Geologist for Addison Mining Services (AMS) and Non-executive Director of BWA.
Mr Simo and Mr Hogg have sufficient experience relevant to the style of
mineralisation, the type of deposit under consideration and to the activity
undertaken to qualify as a Competent Person as defined in the JORC Code 2012
edition of the Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves.
Mr Hogg has reviewed and verified the technical information that forms the
basis of and has been used in the preparation of this announcement, including
all sampling and analytical data, and analytical techniques. Mr Hogg consents
to the inclusion in this announcement of the matters based on the information,
in the form and context in which it appears.
Forward Looking Statement
This announcement contains forward-looking statements which involve a number of
risks and uncertainties. These forward-looking statements are expressed in good
faith and believed to have a reasonable basis. These statements reflect current
expectations, intentions or strategies regarding the future and assumptions
based on currently available information. Should one or more of the risks or
uncertainties materialise, or should underlying assumptions prove incorrect,
actual results may vary from the expectations, intentions and strategies
described in this announcement. No obligation is assumed to update forward
looking statements if these beliefs, opinions and estimates should change or to
reflect other future developments.
For further information on the Company, please visit http://www.bwagroupplc.com
/index.html or contact:
BWA Group PLC +44 (0)7836 238172
Richard Battersby enquiries@bwagroupplc.com
Chairman
Allenby Capital Limited +44 20 3328 5656
Corporate Adviser
Nick Harriss/Freddie Wooding
Glossary of Technical Terms:
"%" percent;
Al2O3 Aluminium Oxide;
"ALS" Australian Laboratory Services;
"AMS" Addison Mining Services;
"BRGM" Bureau de Recherches Géologiques et Minié
(French Geological Survey);
"BWA" BWA Group PLC;
"DTM" Digital Terrain Model. Computerised topographic model;
"DUP" Décret d'Utilité Publique (Public Utility Decree);
"HMS" Heavy Mineral Sands;
"km" Kilometre;
"TiO2" Titanium dioxide, also known as titanium (IV) oxide. Generally
sourced from ilmenite, rutile, and anatase;
"Zr" Zircon or Zirconium;
"JORC (2012)" the 2012 edition of the JORC code;
"JORC" the Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves, as published by the Joint Ore
Reserves Committee of The Australasian Institute of Mining and
Metallurgy, Australian Institute of Geoscientists and Minerals
Council of Australia;
"m" metre;
"ME-XRF11bE" Analysis by Fusion/XRF;
"QA/QC" Quality assurance/quality control.
END
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