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Aguia Resources Ltd.
Summary
| Project: | Tres Estradas | |
|---|---|---|
| Deposit: | Tres Estradas | |
| Location: | Brazil | |
| Commodities: | Phosphate | |
| Date: | 7/4/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-7-2017: Aguia Resources Ltd. announces a PEA report for its Tres Estradas deposit at the Tres Estradas project. Updated PEA results incl. Post-tax NPV (7.5%) $394M, IRR of 41.3%, LOM of 14 years. Aguia has been diligent following a systematic approach i | |
| Resources: | (Resource, M+I): 15.8Mt @ 4.73% P2O5, 33.41% CaO contained at Tres Estradas | |
| CP/QP: | [Resources]: Steven B. Kerr (Millcreek Mining Group) | |
| ABSTRACT: | Aguia has been diligent following a systematic approach in its exploration programs for Três Estradas and Joca Tavares. Aguia has undertaken detailed geologic mapping, topographic surveys, remote sensing, soil and rock geochemical surveys, and geophysical surveys. Aguia has completed four drilling campaigns on the Três Estradas area between 2011 and 2015. Drilling has included 78 core holes (10,801.45m), 154 reverse circulation (RC) holes (3,304.0m), and 487 auger holes (2,481.65m). At Joca Tavares, Aguia completed 89 auger holes (359.65m) followed by a 40-hole core drilling program (2,305.90m) in late 2015. Aguia has followed standard practices in their core, RC, and auger drilling programs. They have followed a set of standard procedures in collecting cuttings and core samples, logging, and data acquisition for the project. Aguia has followed standard practices in their exploration, drilling, and sampling programs. Their procedures are well documented and meet generally recognized industry standards and practices. X-Ray Fluorescence (XRF) for the major oxides has been the primary analytical method employed, supplemented with ion-coupled plasma (ICP) spectrometry, mineralogical, and beneficiation tests. For quality assurance and quality control (QA/QC) of analyses Aguia uses a combination of reference samples, blanks, duplicate samples, and umpire check assays. Care has been taken in the sequencing to distribute references and blanks so that reference and blanks didn’t immediately follow each other, though a coarse-grained blank does immediately precede a fine-grained blank to track carryover contamination. During our site visit, Millcreek performed a detailed review of randomly selected core holes for Três Estradas and Joca Tavares. Cores were directly compared to the original logs prepared by Aguia geologists to verify intervals and measurements, lithologic, and alteration descriptions. This was followed by a series verifications to the databases provided to Millcreek. Millcreek reviewed assay certificates applied to the databases for more than 12% of the drill holes representing 11% of the assays in the database. Our review of QA/QC procedures and results show a strong continuity in the dataset without any significant anomalies. | |
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