Angus & Ross reports on the progress of its 2006 exploration programme at its Black Angel zinc-lead property in West Greenland. A total of over 1,000 m has already been drilled with 15 holes completed in the first three weeks of the current programme. In particular 11 new holes have been drilled to test the continuity of mineralization in the area of the Ark Showing, an area where data from 12 holes drilled by previous operators already exists.At the beginning of July the rigs were moved to the South Lakes Glacier Showing where a large outcrop was discovered last year. Samples taken from the outcrop returned up to 30% zinc and 20% lead. The zinc and lead sulphide mineralization (sphalerite and galena) continues along the strike for almost 500 m and is open at both ends (disappearing under glacial moraine). The three holes drilled to date have established that mineralization is present to at least 95 m below the surface and is open at depth. Deeper holes are planned. Bands of mineralization between 0.2m and 2m of disseminated to massive sulphides are dipping at 70° to both north and south on both sides of the fold hinge. Mineralized zones are straightforward to identify due to the high contrast between the light coloured carbonate host rock and dark brown/black sulphides. Assay results from the current drilling programme are expected later this summer. Andrew Zemek, Chief Operating Officer of Angus & Ross, who recently returned from the drill sites commented, “The South Lakes Glacier Showing is the most promising outcrop of massive sulphides found since the original Black Angel discovery. The structure is open at depth and along strike and further drilling now underway will help to define its size. The crews have now settled into a routine operation and are achieving drilling rates of up to a 100 m/day, which gives us confidence that the 7,000 m drilling programme will be completed as planned. At the Ark Showing we are encouraged because mineralization intercepted in our drill holes correlates well with the locations of mineralization intercepted from the old Cominco holes.”www.angusandross.com
Sandvik has announced that Lars Engström, President of Sandvik Mining and Rock Technology, will leave the company this year after the appointment of a successor.The news came on the same day the company announced the acquisition of battery-electric underground machine specialist Artisan Vehicles.Engström has been a member of the executive management of Sandvik since 2016, heading up the Sandvik Mining and Rock Technology business. He has, during this time, successfully improved the performance of the business area and its divisions in accordance with Sandvik’s strategy to ensure stability, profitability and growth, the company said.“During Lars Engström’s leadership, Sandvik Mining and Rock Technology’s has grown from about SEK30 billion ($3.33 billion) to SEK44 billion in revenues and the operating margin has improved from 10% in the beginning of 2016 to 19% in the fourth (December) quarter of 2018,” Sandvik said.Björn Rosengren, Sandvik’s President and CEO, said he was very grateful for Engström’s contributions to the group.“He has built a successful decentralised organisation and significantly strengthened the results of Sandvik Mining and Rock Technology’s divisions. However, we have now together reached the conclusion that it’s time for a new leadership.“We have a lot of good talent in Sandvik so I feel confident that we will have several interested and motivated candidates for the job. At the same time, I’m pleased that Lars will stay on-board to ensure a successful transition before leaving.”The recruitment process for a new president of Sandvik Mining and Rock Technology will now be initiated, Sandvik noted.