african minerals appears to be upping its stake - possible takeover / offer?

And now at that point of BREAKOUT 21.50 / 21.75p

rising and on a good level 2 of 2 v 2 after the last move was UP

MONEY AM - chart still on a mess after a week of problems

Has gone over the previous high so now is on a BREAKOUT 22p

30p coming cielo 8-))

Maybe but I close my position, allways do it on the spike

the level 2 was moving against with 1 v 5 at 22.25 v 22.50p and not able to sell online, so the broker done it on the phone just in time

Iam not in this to trade, Here for the long term. Great prospects. Will probally be brought out eventually thou. gltu

wow they`ve found more of the stuff. And more news to come in the next couple of weeks. 2011 gonna be making of this company. Not to late to climb abroad peeps 8-)

Print Tuesday 22 February, 2011Baobab Resources PLC
SOUTH ZONE DRILL RESULTS
RNS Number : 5918B
Baobab Resources PLC
22 February 2011



BAOBAB RESOURCES Plc

SOUTH ZONE DRILL RESULTS:

CONTINUING TO DELINEATE SUBSTANTIAL MAGNETITE MINERLISATION

22nd FEBRUARY 2011



Baobab Resources plc ('Baobab' or the 'Company'), the iron ore, base and precious metals explorer with a portfolio of mineral projects in Mozambique, is pleased to present an update on the exploration activities currently underway at the Tete iron/vanadium/titanium project.

Highlights:

Analytical results have been returned from a three hole RC (reverse circulation) drilling cross section located in Block 1, the southernmost portion of the South Zone prospect. A broad, 140m wide, body of heavily mineralised magnetite is being delineated. (Refer to Tables 1 & 2 below for details).

Mineralised intercepts reported best concentrate grades of:

TRC0031 - two significant intercepts, totaling 59m, including:

25m @ 64.0% Fe, 0.65% V2O5 and 32.3% mass recovery from 32m

TRC0032 - three significant intercepts, totaling 38m, including:

20m @ 65.2% Fe, 0.65% V2O5 and 28.6% mass recovery from surface and

16m @ 64.7% Fe, 0.71% V2O5 and 31.2% mass recovery from 65m

TRC0033 - five significant intercepts, totaling 76m, including:

15m @ 60.1% Fe, 0.74% V2O5 and 29.7% mass recovery from 48m and

48m @ 60.0% Fe, 0.59% V2O5 and 47.1% mass recovery from 91m

Results from the next Block 1 section expected to become available within the next two weeks. Current drilling continues to delineate substantial mineralisation to the north.

Mr Ben James, Baobab's Managing Director, said: "Block 1 is demonstrating excellent continuity between completed drill sections with current work programmes pushing the model out to the north.

"We are pleased to advise shareholders that all areas drilled to date have delineated substantially wider zones of mineralisation than anticipated. Following earlier positive results, Baobab's exploration management team has designed an expansion drilling programme to test continuations of the ore zones," Mr James said. "The Company recommenced drilling in early February and intends to have 3 RC rigs set to be operational by the end of the month."



Step-out RC Drilling Programme - South Zone Prospect (Massamba Group)

Due to the significant widths and interpreted lateral continuity of mineralisation at the South Zone, the prospect has been prioritised for step-out reverse circulation (RC) drilling. The programme is systematically assessing a sequence of seven mineralised zones (Blocks 1 to 7) over a strike length of some 2km, drilling on traverses spaced 100m apart.

A total of 50 RC drill holes have been planned for a combined meterage of 7,000m. Drilling commenced in August and to date thirty three holes have been completed for an aggregate total of approximately 4,500m. All areas drilled to date have delineated substantially wider zones of mineralisation than anticipated. Baobab's exploration management team has designed an expansion drilling programme, representing an additional 4,000m, to test the down dip and along strike continuations of the ore zones.

Due to the early onset of the wet season in Mozambique, the Company was obliged to suspend drilling operations in mid-December 2010. Drilling recommenced on 9 February with two RC rigs currently on site and a third mobilising this week.

The first nine RC holes were drilled in Block 3 and tested the along strike continuations of mineralisation intersected in scout diamond drill hole TDH0019 over five cross sections. Analytical results from these drill holes were announced to the market on 20 October and 8 November 2010. Due to mechanical issues, drill holes TRC0006 to 9 did not reach their target depths (TRC0007 and 8 ended in mineralisation). These four drill holes will be re-drilled, at the operator's expense, in due course and updated intercepts will be reported as soon as they become available.

Please note that drill holes have not been drilled in sequence, consequently there are gaps in the hole numbering.

Drilling in Block 7, the northern most target area, over three east-west cross sections and an oblique cross section has intersected a stacked, 200m wide sequence of moderately to steeply dipping, heavily mineralised packages over a strike length of more than 300m. Mineralisation remains open both down dip and along strike with potential parallel lodes to the east. Please refer to announcements dated 30 November 2010, 17 and 26 January 2011.

Drilling over two cross sections in the southern limit of the South Zone prospect (Block 1) has a delineated broad, c.140m wide, zone of vertically dipping magnetite mineralisation. The lode is oriented north-south and is cross cut by northeast striking dolerite dykes. Results from the southernmost section are presented below. Further results from this area are expected to become available within the next two weeks. Current drilling in Block 1 continues to delineate substantial magnetite-ilmenite mineralisation to the north.

Shame this is on a red day, because the upper twenties would have been on the cards !.

nice slow rise through the day is what we want. Will be 30p soon enough. Patience.! lots more news to come

On the move again this morning. This could do a BEM! 8-) Some peeps must be regreting selling. whoops

slightly, but bought some back yesterday

Good move cynic, Still double from here in a very short space of time. With the news flow to come here over next few months.

30p getting ever closer.

i know Number2 Son reckons this is a cracker, and though i have no idea from where he gets his feedback (not here), he has been correct so far ...... i am older, and therefore much more nervous (cynical!) of this type of stock, so i tend to trade it ..... less profits for sure when all is rosy, but not so scary if all suddenly goes wrong

you haven`t sold again have you cynic?

no, i still hold

Imho I think 30p short term no problem with news. then once we break that, 50p on the cards. So much potential here. Poss 1bt resource futher down the line, could see 1.00.. Worth holding for sure. 8-)

ready for take off!!!!!

another good call by Number2 Son!

Mr Ben James, Baobab's Managing Director, said: "Once again South Zone is delivering beyond our expectations. Drilling has delineated broad, coherent packages of mineralisation that respond well under our routine Davis Tube Recovery (DTR) analysis to generate a c.60% Fe concentrate at good rates of mass recovery.

"The 2011 drilling programme is gaining momentum and we expect to start seeing the next round of analytical results coming through shortly. The airborne geophysical contractors have commenced a high resolution survey of the Tenge/Ruoni area that should be wrapped up early next week. The Monte Muande Exploration Target is also on track for an announcement in the coming two to three weeks."

Great start to march....BAO on the march....