AJN Resources Inc. Identifies Spodumene Within Pegmatites over a Strike Length of 7km on PR 15383 at Kabunda South, Located in the Manono Region, Eastern DRC
AJN Resources Inc. Identifies Spodumene
Within Pegmatites over a Strike Length of 7km
on PR 15383 at Kabunda South, Located in the
Manono Region, Eastern DRC
Vancouver, British Columbia--(Newsfile Corp. - July 4, 2023) - AJN Resources Inc. (CSE: AJN) (FSE:
5AT) (
AJN
or the
Company
) is pleased to announce that it has completed a reconnaissance mapping
and sampling programme on its Kabunda South Project. Key outcomes from the program include:
Spodumene within pegmatites visually identified across the full 7km strike
extent of the
permit. Assay results from sampling expected in August.
Steeply dipping pegmatites mineralized in spodumene were identified over
widths of between
50m to 200m over a strike extent of 1.5kms
in the northern area of the permit. This area
prioritized for follow up pitting and drilling.
Follow up pitting is in progress and the Company is aiming to mobilise drill rigs and
commence
drilling late Q3 / early Q4 2023
.
Pitting will also target identification of additional pegmatites under cover in the southern area.
Mr. Klaus Eckhof, CEO and President of AJN commented, "
We are extremely pleased at the extent of
pegmatites with visible spodumene at surface which have been identified in our early reconnaissance
phase of mapping and sampling. This early work has already identified a 1.5km drill target which will
enable us to better understand the distribution of spodumene and the lithium grade within the
pegmatites. The Company has started talking to drilling contractors as the current dry season would
be the optimum time to conduct site inspections and to mobilise drill rigs and equipment."
Kabunda South Project, PR 15383 (AJN earning 75%)
The Kabunda South Project (
PR 15383
or the
Project
) is located roughly 120km southeast of the world
class Manono Lithium and Tin Project and the Company's recently acquired PR 15282, both of which lie
within the broader pegmatite bearing belt which covers roughly 500km in the eastern Democratic
Republic of the Congo (
DRC
) and is strongly associated with lithium, tin, tungsten, tantalum, niobium and
beryllium mineralisation. The Project lies in the Kabunda Pegmatite Corridor, as shown in Figure 1,
within the Manono Region, Tanganyika Province of the DRC. The Project is located roughly 500kms
north of Lubumbashi and can be accessed by road from Lubumbashi or Manono.
Figure 1:
Location of PR 15383 and PR 15282 within the Broader 500km long Lithium Pegmatite
Corridor in the Eastern DRC.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5922/172121_0fc45a9c048d885d_001full.jpg
The Company has recently completed a reconnaissance mapping and sampling programme at the
Project, being the first modern exploration work undertaken in the area. Pegmatites with spodumene
have been visually identified over 7km on the project area as shown in Figure 2. Surface mapping has
identified the northern 1.5km to be the most prospective based on extent of exposed pegmatites with
visible spodumene at surface. A pitting programme which will identify the true width potential of
pegmatites under surficial cover has commenced on traverses as shown in Figure 2.
Figure 2:
Geology Map showing 7km of Exposed Pegmatites (Spodumene shown as blue dots) on PR
15383.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5922/172121_0fc45a9c048d885d_002full.jpg
The most significant pegmatite exposures with spodumene mineralisation were identified in the northern
1.5km of the licence area. The main pegmatite body has intruded granites and is exposed over 200m
width at its northern extent and over 50m in the southern portion of the priority target area. Additional,
narrower parallel pegmatite veins with spodumene were identified to the west and east of the main
pegmatite zone and will be followed up with future exploration. Pitting traverses shown in Figures 2 and 3
are currently being excavated and will potentially identify pegmatites which have not been exposed at
surface.
A total of 116 samples were collected on the licence in which visible spodumene was identified at 36
locations as shown in Figures 2 and 3. Samples will be prepared in Lubumbashi and a representative
pulp sample will be sent to ALS Global in Ireland for analysis. Results are expected in early August.
The Company intends to conduct a short drilling programme over the northern priority area within the
coming 3 - 4 months when a lower rainfall is expected in the region.
Figure 3:
Priority Target Area over the Northern 1.5km where Pegmatites (Spodumene occurrences
shown as blue dots) cover 200m in the Central Zone in the North.
To view an enhanced version of this graphic, please visit:
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Figure 4:
Photographs of Spodumene from Pegmatites on PR 15383.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5922/172121_0fc45a9c048d885d_005full.jpg
Figure 5
: Pegmatite Outcrop on PR 15383.
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https://images.newsfilecorp.com/files/5922/172121_0fc45a9c048d885d_006full.jpg
QP Statement
Mr Stephen Alan Mawson is a consultant of AJN Resources Inc. and qualified geologist and is a
registered Professional Natural Scientist (Geological Science) with the South African Council for Natural
Scientific Professions (SACNASP Reg. No. 400074/03) and a member of the Geological Society of
South Africa. Mr Mawson is a qualified person (QP) under NI 43-101 and has reviewed and approved
the scientific and technical information contained in this news release.
About AJN Resources Inc.
AJN is a junior exploration company. AJN's management and directors possess over 75 years of
collective industry experience and have been very successful in the areas of exploration, financing and
developing major mines throughout the world, with a focus on Africa, especially the Democratic Republic
of the Congo.
For further information, please contact Investor Relations:
Sheena Eckhof
Director, Investor Relations
Visit us at
www.ajnresources.com
Tel: +44 7496 291547
On Behalf of the Board of Directors
Klaus Eckhof
CEO and President
Cautionary Note Regarding Forward-Looking Statements
The information in this news release may include certain information and statements about
management's view of future events, expectations, plans and prospects that may constitute forward-
looking statements. Forward-looking statements are based upon assumptions that are subject to
significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety
of factors, the actual results, expectations, achievements or performance may differ materially from those
anticipated and indicated by these forward-looking statements. Although AJN Resources Inc. believes
that the expectations reflected in forward-looking statements are reasonable, it can give no assurances
that the expectations of any forward-looking statements will prove to be correct. Except as required by
law, AJN Resources Inc. disclaims any intention and assumes no obligation to update or revise any
forward-looking statements to reflect actual results, whether as a result of new information, future events,
changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
Not for distribution to United States newswire services or for dissemination in the United States.
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