Lindian's Gaoual bauxite project in Guinea will soon be peppered with drill holes courtesy of an auger drill program that will target the Bouba and Mamaya prospects that are thought to be the more lucrative, conglomerate hosted deposits. Surface samples from Gaoual recently returned an impressive 53.57% alumina and a two-pronged drilling program is now being planned to assess the overall grade, thickness and scale of the deposit.
Further surface mapping conducted just before the launch of its maiden drilling program at the Gaoual bauxite project in northwest Guinea has given Lindian Resources the confidence it is sitting on an ore body that is significantly larger than previously anticipated. The company says it is convinced that Gaoual's high grade, outcropping Bouba “conglomerate” bauxite target is almost double the length than originally thought.
Lindian Resources has secured an option to acquire a 51% stake in the high-grade Gaoual bauxite project in the West African country of Guinea that looks like it could be a rare “conglomerate” deposit. Average alumina grades that shoot the lights out at 54%, with a corresponding low silica content under 2%, look to be the goods. Drilling will kick off at the project in December.
Our daily board moves wrap includes Bayanjargal Byambasaikhan, Dan Thomas, Nicholas Day, Geoff James, Natalia Streltsova, Katherine Ostin, and Paul Doropoulos.
Our daily board moves wrap includes Sonu Cheema, Malcolm James, Craig Barnes, John Blower, Jude Turton, Jeffrey Williams, Ashok Parekh, Peter Hunt, Peter Bilbe, Jonathan Price, Peter Rozenauers, Bianca Taveira, Stephen Hewitt-Dutton, Shannon Green, and Steve Formica.
Perth-based explorer Lindian Resources has announced plans to acquire a majority stake in a bauxite mine in Tanzania in a deal worth nearly $2 million, despite recently introduced legislation mandating increased government ownership of local projects and higher royalties on some minerals.
Matthew Wood has resigned as executive chairman and director of Lindian Resources, with current non-executive director Eddie King stepping into the chairmanship.
Serial business fixer Geoff Gander has stepped down from the board of Lindian Resources Ltd, formerly VPH Ltd, after the company closed a recapitalisation float oversubscribed at $1.6 million.
