Mkango Granted New 869 km(2) Exclusive Prospecting Licence in Malawi TSX Venture Exchange:MKA: LONDON and VANCOUVER, British Columbia, July 04, 2019 (GLOBE NEWSWIRE) -- Mkango Resources Ltd. (AIM/TSX-V: MKA) (the "Company" or "Mkango"), is pleased to announce that it has been granted a new Exclusive Prospecting License (EPL0544/19) (the "Mchinji" license) in Mchinji district, central Malawi.
The Mchinji licence covers an area of 868.69 km2 and is adjacent to licences with known mineral potential including the Company’s Chimimbe Hill nickel-cobalt licence to the south.
Mkango will evaluate all historical data over the Mchinji licence area for exploration targets in the context of geophysical data produced by a countrywide airborne survey completed by the World Bank in 2016.
Exploration will focus on nickel-cobalt, gold, base metals, and graphite.
The evaluation of the licence will be funded from the Company's existing working capital.
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