Sydney, Aug 29, 2016 AEST (ABN Newswire) - VIDEO: Volt Resources Ltd (ASX:VRC) are pleased to provide a Corporate Overview Video regarding the Company and its projects.
Tanzanian graphite projects have tended to be lower grade but larger flake size. Discoveries in Tanzania are centred around the Townships of Nachingwea (IMX, MNS) and Mahinga (KNL).
Mozambique projects have tended to be higher grade but smaller flake size. Discoveries to date have been centered around the town of Balama. (SYR, TON)
Volt Resources is uniquely placed with projects in the Balama Region of Mozambique and the Nachingwea region of Tanzania
The Nachingwea Project consists of 18 tenements in South Eastern Tanzania within the highly prospective Mozambique Mobile Belt. Ten of the tenements are located in the Lindi Province with the remaining eight being located in the adjacent Mtwara Province bordering Mozambique. There has been considerable recent success from active exploration for graphite in the region, particularly around the regional centre of Nachingwea.
The Tenements are currently under application with the Tanzanian Ministry of Energy and Minerals with granting of the Tenements anticipated in the near future.
The Company has received positive early results of geological mapping on the company's Nachingwea Graphite Project. Multiple graphite outcrops have been identified on the initial tenements explored HQ-P 29031, HQ-P 29033 and HQ-P 29027. Outcrops up to 180m wide have been identified over a strike length of approximately 1,000m. Trenching and sampling will be undertaken to determine the grade of the zone and identify higher-grade zones within the mineralised unit to allow the design of a targeted drilling program.
Multiple other areas of sub-cropping graphite schist have been identified on these tenements explored to date.
These three key tenements of the Nachingwea Project have progressed with an offer to grant received from the Tanzanian Ministry of Energy and Minerals. The three tenements include the targets identified in the initial recognisance mapping. Further mapping has continued to identify additional outcrops on the two primary graphite targets defined on the project to date.
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About Volt Resources Ltd
Volt Resources Ltd (ASX:VRC) is a critical minerals and battery material company listed on the Australian Stock Exchange under the ASX code VRC. We are a graphite producer/developer and an emerging natural graphite anode (a key component of lithium-ion batteries) producer. Volt has a 70% controlling interest in the Zavalievsky Graphite (ZG) business in Ukraine. Zavalievsky mine has been in operation since 1934 and is in close proximity to key markets with significant developments in lithium-ion battery. ZG benefits from an existing customer base and graphite product supply chains based on excellent transport infrastructure covering road, rail, river and sea freight combined with reliable grid power, ample potable ground water supply and good communications.
Volt Resources Ltd