Baobab Resources plc (BAO)

Baobab Resources plc (BAO)

Baobab Resources plc (BAO) - Completion of Diamond Drilling

Baobab Resources plc, the AIM listed Mozambique-focused mineral exploration company is pleased to announce the completion of Stage 1 surface RC drilling, underground diamond drilling and underground channel sampling at the de-commissioned Mundonguara opper/gold/silver mine. Over the last 12 months the Company has completed 3596m of underground diamond drilling, 1748m of surface reverse circulation (RC) drilling and 1838m of underground channel sampling at the Mundonguara mine. All analytical results have been returned. Underground drilling has shown down plunge continuity of ore shoots below the existing development.

Commenting today, Brett Townsend, the Company's acting Managing Director, stated:
"The results to date from the Mundonguara project warrant the commissioning of a preliminary resource estimate which we look forward to receiving in the coming months. "Our current geological model lends itself to a large underpinning source feeding the mineralised system observed in the mine and the Company will commence planning a systematic deeper diamond and RC drilling campaign to test the model beneath the mine itself and long the strike extensions. "We are very encouraged with the progress made over the last 12 months and look forward to announcing further positive results as the project moves forward."

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