MKA Mkango Resources Ltd

Mkango Resources Ltd. (TSX VENTURE:MKA) (the "Corporation" or "Mkango") is
pleased to announce that its stage one diamond drilling program has been
completed at the Songwe Hill rare earth element ("REE") project in Malawi. 


The Songwe Hill rare earth element project is located within the 100% owned
exclusive prospecting licence (the "Phalombe Licence") EPL0284/10 covering an
area of 1,283 km(2) in southeast Malawi. Songwe Hill is located about 20 km
north of Phalombe town and features carbonatite hosted rare earth mineralization
which was previously drilled in the late 1980s. Exploration and mineralogical
analysis was completed during 2010, and the 43-101 compliant "Technical Report
on the Songwe Rare Earth Element (REE) Project, Republic of Malawi" dated
September 30, 2010 was filed on SEDAR.


The latest phase of exploration by Mkango in 2011 comprised an initial 13
diamond drill holes for a total of approximately 2,000m. The drill holes tested
the mineralized zones previously identified in the late 1980s in addition to
potential extensions of these zones. Assay results for these drill holes are
expected to be announced in September 2011. The recent drill programme, in
addition to geological re-mapping by Dr Alan Woolley, consultant to Mkango, has
significantly enhanced Mkango's understanding of the project:




--  Significant quantities of carbonatite have been intersected in the
    majority of the drill holes, the deepest intersection being at
    approximately 260 metres vertical depth, significantly deeper than
    encountered in previous drilling (50 metres) in the late 1980s 

--  Rare earth element mineralization is confirmed by detailed Niton XRF
    analysis, with geochemical assay results expected in September 

--  New exposures generated from construction of drill pads and roads has
    facilitated remapping at Songwe Hill with new areas of potential
    mineralization identified 

--  Two drill holes intersected carbonatite to the east of the previously
    mapped contact with nepheline syenite indicating carbonatite extends
    further east than previously mapped 

--  Mineralized breccia zones have been identified and may represent a
    further rare earth target type within the Songwe Hill vent system  



After logging and sampling, the drill core samples were dispatched to Genalysis
Laboratories in South Africa and Australia for sample preparation and assaying.
In addition a subset of samples has been submitted to Actlabs in Canada to
ensure the necessary confidence in the primary laboratory sample results. Twenty
samples from the drill core have also been selected for mineralogical analysis.


Prior to commencement of the next stage of drilling, all the results from the
Stage one drilling programme will be reviewed, the geological model refined and
further geological mapping completed. 


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 Corporation's corporate strategy is to further delineate the rare earth
mineralization at Songwe Hill and secure additional rare earth element and other
mineral opportunities in Malawi and elsewhere in Africa.


The Corporation's cash position is approximately C$5.3m (June 24, 2011), which
will fully fund the next phase of exploration.


An updated presentation is being posted on the Corporation's website: www.mkango.ca.

The qualified person for the purpose of this press release is Mike Venter who is
independent of the Corporation.


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.


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.

Mkango Resources (TSXV:MKA)
Gráfica de Acción Histórica
De Oct 2024 a Nov 2024

Mkango Resources (TSXV:MKA)
Gráfica de Acción Histórica
De Nov 2023 a Nov 2024