Jangada Mines (JAN)

Sector:

Mining

Index:

FTSE AIM All-Share

 1.85p
   
  • Change Today:
      0.000p
  • 52 Week High: 3.65
  • 52 Week Low: 1.35
  • Currency: UK Pounds
  • Shares Issued: 258.60m
  • Volume: 1,167
  • Market Cap: £4.78m
  • RiskGrade: 521

Jangada Mines upbeat on drilling results from Pitombeiras West

By Josh White

Date: Monday 11 Mar 2019

LONDON (ShareCast) - (Sharecast News) - Natural resources company Jangada Mines updated the market on recently-completed exploration activities at its Pitombeiras West vanadium deposit in north-eastern Brazil on Monday, reporting that drill results had confirmed the presence of a high-grade deposit with potential for "significant" resource delineation.
The AIM-traded firm said the high-grade zone contained an average of 0.83% vanadium pentoxide, 11.6% titanium dioxide, and 48.4% iron over a 12.8 metre average downhole width.

Total mineralised intersections ranged from 26 metres to 46 metres wide, with average grades of 0.57% vanadium pentoxide, 8.1% titanium oxide, and 37% iron.

High-grade mineralisation commenced at surface, Jangada reported, and remained open at depth and along strike.

Preliminary metallurgical tests demonstrated that the material could be processed by conventional methods currently used for the ore type globally, the board added.

"The findings of this drill campaign are highly encouraging and further support our belief that we are discovering a potentially world class vanadium deposit," said Jangada Mines executive chairman Brian McMaster.

"The mineralisation is consistent in width and grade, with high grade mineralisation starting at surface, all of which are very positive indications."

McMaster said the holes that the company had drilled to date were shallow, and had returned "excellent" results.

"The resource potential remains open at depth and along strike.

"If we continue to replicate these results in future holes then we will likely be holding a very substantial deposit.

"These results further confirm the breadth and potential scale of Pitombeiras West specifically, and Pedra Branca more widely."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Jangada Mines Market Data

Currency UK Pounds
Share Price 1.85p
Change Today 0.000p
% Change 0.00 %
52 Week High 3.65
52 Week Low 1.35
Volume 1,167
Shares Issued 258.60m
Market Cap £4.78m
RiskGrade 521

Jangada Mines Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
19.84% below the market average19.84% below the market average19.84% below the market average19.84% below the market average19.84% below the market average
81.68% below the sector average81.68% below the sector average81.68% below the sector average81.68% below the sector average81.68% below the sector average
Price Trend
66.51% below the market average66.51% below the market average66.51% below the market average66.51% below the market average66.51% below the market average
30.07% below the sector average30.07% below the sector average30.07% below the sector average30.07% below the sector average30.07% below the sector average
Income Not Available
Growth Not Available

Jangada Mines Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
15:40 1,167 @ 1.70p

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