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Technology Minerals Plc is a London-based mineral exploration company focused on the exploration of mineral resource projects in Ireland (Li project), Spain (Cu-Co-Ni project), Cameroon (Ni-Co project), and two in the USA (Cu-Co and Co projects, respectively).
TMC, Cameroon
The TMC Property consists of five exploration permits, currently under application, covering an area of 2,456km² in the East Region of southeast Cameroon. The permit applications were made under the name of Technology Minerals Cameroon.
The geology of the property is poorly constrained due to the presence of thick vegetation, poor access, and the lack of modern airborne geophysical surveys. However, favourable geology occurs 35km to the south of the property, which hosts a Measured and Indicated Resource of 120.6 Mt @ 0.65% Ni, 0.23% Co and 1.35% Mn at Nkamouna. The style of mineralization at Nkamouna is termed nickel laterite, which resulted from the intense tropical weathering of ultramafic rocks. The weathering of these ultramafic rocks forms characteristic plateaus and mesas.
Nickel laterites are known to occur in areas of intense tropical weathering of ultramafic rocks in equatorial regions. Nickel is typically dominant, but often appreciable quantities of cobalt and manganese are also present. Such is the case of Nkamouna in southeastern Cameroon, where a Measured and Indicated resource of 120.6 Mt @ 0.65% Ni, 0.23% Co and 1.35% Mn has been identified. The permits in the TMC Project are considered prospective for this style of mineralization as they occur in the same geological belt as Nkamouna, 35km to the south.
Only cursory exploration has previously occurred on the property and only in proximity to the sparse roads that cut the area. Exploration activities consisted of limited geological mapping and geochemical sampling; heavily vegetated areas have not undergone any exploration. A preliminary remote sensing study by TMC identified the presence of plateaus adjacent to areas that showed serpentinite alteration, suggesting that weathered ultramafic units might be present on the Property.
Proposed Work Programme:
Once the permits are granted, TMC proposes to perform a more detailed remote sensing study using new satellite images, and an airborne magnetic-radiometric survey over the most prospective part of the property (Phase One).
If results are encouraging, Phase Two will consist of geological mapping, deep overburden geochemical sampling, and exploration air core drilling over the most promising areas.
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