MKA Mkango Resources Ltd

CALGARY, Sept. 14, 2011 /CNW/ -- CALGARY, Sept. 14, 2011 /CNW/ - Mkango Resources Ltd. (TSXV: MKA) (the "Corporation" or "Mkango") is pleased to announce that it has intersected significant near surface zones of rare earth mineralisation at its Songwe project in Malawi, with zones of higher grade mineralisation and elevated heavy rare earth enrichment also identified. Mkango has received assay results from ten of its 13 hole Stage 1 drilling programme. Apart from PX023 and PX024, which were vertical holes, drill holes were inclined (60-70 degrees), and were all collared on the north - eastern slopes of Songwe hill, which rises approximately 230m above the surrounding plain. Highlights from the results received to date include: _____________________________________________________________________ |PX001 |117.4m grading 1.6% TREO (184.8 - 302.2m), including 36.5m | | |grading 1.9% TREO (225.6 - 262.1m), within a broader | | |mineralized intersection of 299.8m grading 1.0% TREO (2.4 - | | |302.2m EoH). | |_______|_____________________________________________________________| |PX003 |57.5m grading 3.8% TREO (3.5 - 61.2m). | |_______|_____________________________________________________________| |PX004 |113.8m grading 1.7% TREO (14.6 - 128.4m), including 38.8m | | |grading 2.5% TREO (79.0 - 117.8m). | |_______|_____________________________________________________________| |PX005 |178.5m grading 1.3% TREO (2.5 - 181.0m), including 93.0m | | |grading 1.5% TREO (88.0 - 181.0m), also 17.8m grading 2.4% | | |TREO (162.2 - 180.0m). | |_______|_____________________________________________________________| |PX009 |113.9m grading 1.8% TREO (2.3 - 116.2m), including 14.9m | | |grading 2.2% TREO (37.0 - 51.9m) and 41.9m grading 2.1% TREO | | |(68.3 - 110.2m). | |_______|_____________________________________________________________| |PX011 |84.9m grading 1.0% TREO (1.3 - 86.2m), including 27.7m | | |grading 1.4% TREO (1.3 - 29.0m). | |_______|_____________________________________________________________| |PX012 |89.7m grading 1.6% TREO (2.1 - 91.8m), including 57.0m | | |grading 1.9% TREO (22.0 - 79.0m). | |_______|_____________________________________________________________| |PX024 |89.0m grading 1.5% TREO (2.0 - 91.0m), including 10m grading | | |2.6% TREO (13.0 - 23.0m). | |_______|_____________________________________________________________| TREO: total rare earth oxides These intersections are reported as down hole widths and do not necessarily represent true thicknesses and attitude of the mineralized zones, the estimation of which will require further drilling and refining of the geological model. Further details of these intersections are included in the Appendix. A total of 13 holes were drilled during the Stage 1 drill programme totaling 1990.9 metres, of which the results for 3 holes, PX027, PX030 and PX031, are still pending. PX002 did not reach its intended target zone and there were no significant intersections in this drill hole. Drill Hole Length PX001 302.3 PX002 116.3 PX003 104.2 PX004 224.2 PX005 201.8 PX009 122.2 PX011 86.2 PX012 182.0 PX023 112.6 PX024 91.0 PX027 191.0 PX030 121.0 PX031 136.2 Total 1990.9 Stage 1 drilling, in addition to geological mapping and surface sampling with a handheld Niton XRF, has demonstrated both the extension of rare earth mineralisation to depth and laterally compared to previous exploration programmes. Rare earth mineralisation, in addition to niobium mineralisation, is pervasive throughout the carbonatite, fenite and breccia lithologies intersected, with zones of higher grade mineralisation and elevated heavy rare earth enrichment being identified. These results, in addition to those for PX027, PX030 and PX031, will be incorporated into the geological model for the purposes of Stage 2 drill hole planning. Following the receipt and analysis of all the Stage 1 drill results, the Stage 2 drilling programme at Songwe is planned to commence in fourth quarter 2011. A programme of systematic surface sampling and geological mapping will also be completed in order to further define the geological model as well as identifying additional drill targets. Sample preparation and analytical work for the drilling programme is being provided by Intertek-Genalysis Laboratories (Johannesburg, South Africa and Perth, Australia) employing ICP-MS techniques suitable for rare earth element (REE) analyses and following strict internal QAQC procedures inserting blanks, standards and duplicates. Mkango has used blanks, field duplicates and two Certified Reference Materials (CRM's) to monitor sampling and analytical quality. Results to date for the blanks and field duplicates show acceptable quality. The two CRM's used (AMIS 184 and SARM 40) showed acceptable results within the certified parameters provided. A review of results reported by Genalysis and peformed by The MSA Group indicates that these meet the required level of analytical quality. Scientific and technical information contained in this release has been approved and verified by Mr Mike Venter Pr.Sci.Nat, Principal Consultant at The MSA Group who is a "Qualified Person" in accordance with National Instrument 43-101. Mkango Resources Ltd. Mkango's primary business is the exploration for rare earth elements and associated minerals in the Republic of Malawi. It holds, through its wholly owned subsidiary Lancaster, a 100% interest in two exclusive prospecting licenses covering a combined area of 1,751 km² in southern Malawi. The main exploration target is the Songwe Hill rare earth deposit, which features carbonatite hosted rare earth mineralisation and was subject to previous exploration in the late 1980s. The Corporation's corporate strategy is to further delineate the rare earth mineralisation at Songwe Hill and secure additional rare earth element and other mineral opportunities in Malawi and elsewhere in Africa. Cautionary Note Regarding Forward-Looking Statements This news release may contain forward-looking statements relating to the Corporation.  Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur.  By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. The forward-looking statements contained in this press release are made as of the date of this press release.  Except as required by law, the Corporation disclaims any intention and assume no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law. Additionally, the Corporation undertakes no obligation to comment on the expectations of, or statements made, by third parties in respect of the matters discussed above. The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Appendix - Selected Stage 1 drill results Pr Nd Sm Eu Gd Tb Dy Nb % Drill La(2)O Ce(2)O (2)O (2)O (2)O (2)O (2)O (2)O (2)O Y(2)O Other (2)O HREO Hole From To Interval (3) (3) (3) (3) (3) (3) (3) (3) (3) (3) (1) TREO (5) (2) m m m ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm + Y % % (2)O (3) PX001 2.4 302.2 299.8 2,464 4,539 474 1,593 237 71 172 22 100 460 85 1.0% 0.15% 8.9% including 184.8 302.2 117.4 3,743 7,037 736 2,478 355 102 241 31 143 710 128 1.6% 0.19% 8.6% including 225.6 262.1 36.5 4,287 8,515 911 3,145 449 128 298 38 176 893 161 1.9% 0.29% 8.9% 268.0 290.7 22.7 3,481 7,581 849 2,960 452 130 293 41 192 1,066 187 1.7% 0.14% 11.1% PX003 3.5 61.2 57.7 (i) 11,773 17,145 1,727 5,179 606 152 357 44 198 844 159 3.8% 0.22% 4.6% including 3.5 23.2 19.7 10,987 16,016 1,607 4,803 543 134 309 38 173 751 140 3.6% 0.19% 4.4% 23.2 30.6 7.4 (ii) 20,290 29,449 2,945 8,761 1,058 272 650 82 383 1,717 317 6.6% 0.22% 5.2% 30.6 50.0 19.4 9,735 14,375 1,472 4,475 527 131 303 36 158 645 123 3.2% 0.21% 4.4% 50.0 58.0 8.0 12,851 17,948 1,751 5,162 606 153 366 46 203 823 157 4.0% 0.35% 4.4% (iii) 58.0 61.2 3.2 6,777 10,466 1,115 3,466 428 110 269 35 157 646 120 2.4% 0.21% 5.7% (i) Includes 1m cavity not sampled in addition to a cumulative 14.4m with core returns 90%. If the latter is excluded average grade is 3.3% (ii) Poor core returns. Peak value 11.5% TREO (iii) Poor core returns. Includes 1m cavity not sampled PX004 14.6 128.4 113.8 (i) 4,602 7,593 798 2,596 349 99 249 32 151 683 131 1.7% 0.19% 7.8% including 79.0 117.8 38.8 7,561 11,105 1,078 3,297 392 104 251 30 133 582 114 2.5% 0.20% 4.9% (i) Includes 5m cavity not sampled in addition to a cumulative 13m with core returns 90%. If the latter is excluded average grade is 1.6% PX005 2.5 181.0 178.5 (i) 3,257 5,767 592 1,914 263 71 169 21 99 459 85 1.3% 0.18% 7.1% including 2.5 30.9 28.5 (i) 2,695 5,231 581 2,000 285 78 206 29 163 804 143 1.2% 0.09% 11.6% 34.4 70.0 35.6 2,670 5,069 566 1,953 285 75 192 24 118 522 97 1.2% 0.24% 8.9% 88.0 181.0 93.0 4,033 6,900 677 2,106 279 75 169 20 86 398 76 1.5% 0.15% 5.6% including 162.2 180.0 17.8 7,352 11,620 1,053 2,978 308 76 160 17 68 287 58 2.4% 0.25% 2.8% 191.2 201.8 10.6 (ii) 8,133 15,165 1,493 4,379 456 98 173 14 54 275 54 3.0% 0.03% 2.2% (i) Includes 5m cavity not sampled (ii) Poor core returns. Ends in solid core grading 3.3% TREO PX009 2.3 116.2 113.9 (i) 4,762 8,320 847 2,860 399 108 246 28 125 590 107 1.8% 0.15% 6.5% including 37.0 51.9 14.9 5,881 9,938 982 3,236 417 113 261 31 154 754 134 2.2% 0.23% 6.6% 68.3 110.2 41.9 (ii) 5,775 9,997 1,015 3,380 465 120 254 23 81 246 56 2.1% 0.13% 3.6% (i) Includes a cumulative 26m with core returns 90%. If this is excluded there is no major impact on the grade (ii) Includes a cumulative 11m with core returns 90%. If this is excluded there is no major impact on the grade (1) Other comprises Ho(2)O(3), Er(2)O(3), Tm(2)O(3), Yb(2)O(3) and Lu(2)O(3; )(2 )HREO defined here as oxides of Eu, Gd, Tb, Dy, Ho, Er, Tm, Yb & Lu Pr Nd Sm Eu Gd Tb Dy Nb % Drill La(2)O Ce(2)O (2)O (2)O (2)O (2)O (2)O (2)O (2)O Y(2)O Other (2)O HREO Hole From To Interval (3) (3) (3) (3) (3) (3) (3) (3) (3) (3) (1) TREO (5) (2) m m m ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm + Y % % (2)O (3) PX011 1.3 86.2 84.9 (i) 2,081 4,359 524 1,894 314 89 224 27 130 631 110 1.0% 0.15% 11.7% including 1.3 29.0 27.7 (ii) 3,068 6,219 726 2,555 386 106 262 32 151 738 129 1.4% 0.13% 9.9% (i) Includes 3m cavity not sampled in addition to a cumulative 9m with core returns 90%. If this is excluded there is no major impact on the grade (ii) Includes 3m cavity not sampled in addition to a cumulative 8m with core returns 90%. If this is excluded there is no major impact on the grade PX012 2.1 91.8 89.7 3,764 7,273 811 2,771 394 103 245 30 142 697 123 1.6% 0.23% 8.2% including 22.0 79.0 57.0 4,538 8,537 934 3,127 422 110 260 32 153 731 129 1.9% 0.27% 7.5% PX023 2.0 11.0 9.0 2,346 4,632 485 1,660 250 71 180 25 126 604 107 1.0% 0.12% 10.6% 29.0 41.0 12.0 2,058 4,477 493 1,724 249 68 166 21 103 463 85 1.0% 0.10% 9.1% 54.4 60.4 6.0 2,772 5,717 608 2,069 286 78 188 24 120 585 105 1.3% 0.10% 8.8% PX024 2.0 91.0 89.0 (i) 3,412 6,576 724 2,442 386 103 237 29 141 722 123 1.5% 0.14% 9.1% including 13.0 23.0 10.0 7,381 11,465 1,132 3,516 590 167 390 48 224 1,072 185 2.6% 0.11% 8.0% (i) Includes 0.9m cavity not sampled in addition to a cumulative 18m with core returns 90%. If this is excluded average grade is 1.4% (1) Other comprises Ho(2)O(3), Er(2)O(3), Tm(2)O(3), Yb(2)O(3) and Lu(2)O(3; )(2 )HREO defined here as oxides of Eu, Gd, Tb, Dy, Ho, Er, Tm, Yb & Lu PX002 did not reach its intended target zone and there were no significant intersections in this drill hole.    To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/September2011/14/c3304.html p /p table valign="top" border="0" tr td nowrap="nowrap" Mkango Resources Ltd.br/ Office +1 (403) 444 - 5979br/ Fax +1 (403) 351 - 1703br/ a href="http://www.mkango.ca"www.mkango.ca/a /td td nowrap="nowrap"   /td td nowrap="nowrap"   /td td nowrap="nowrap"   /td td br/ br/ br/ /td td   /td td   /td td   /td td   /td td br/ /td td   /td td br/ br/ /td /tr tr td   /td td   /td td   /td td   /td td   /td td   /td td   /td td   /td td   /td td   /td td   /td td   /td /tr tr td nowrap="nowrap" William Dawesbr/ Chief Executive Officerbr/ a href="mailto:will@mkango.ca"will@mkango.ca/a    /td td nowrap="nowrap"   /td td nowrap="nowrap"   /td td nowrap="nowrap"   /td td nowrap="nowrap" Alexander Lemonbr/ Presidentbr/ a href="mailto:alex@mkango.ca"alex@mkango.ca/a   /td td nowrap="nowrap"   /td td nowrap="nowrap"   /td td nowrap="nowrap"   /td td nowrap="nowrap"   /td td nowrap="nowrap"   /td td nowrap="nowrap"   /td td nowrap="nowrap" David Bergbr/ Directorbr/ a href="mailto:dave@mkango.ca"dave@mkango/aa href="mailto:dave@mkango.ca".ca/a /td /tr /table p   /p

Copyright