Pensana Rare Earths: Receives high-grades from drilling at Longonjo, Angola
- Pensana Rare Earths has reported high-grades from an 8000-metre drill program completed at the Longonjo Project in Angola
- The infill and reverse circulation drilling program also aimed to test for fresh rock-hosted mineralisation and to support the bankable feasibility study
- The program completed in March however COVID-19 travel restrictions caused a delay in receiving samples and assay results
- Pensana intersected up to 6.25 per cent total rare earth oxides and 1.25 per cent neodymium-praseodymium oxide
- Then the high-grade weathered mineralisation expected to increase average grades and support a proposed open-pit mining operation
- Company shares are up 1.52 per cent and trading for 33.5 cents each at market close
