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Alice Queen Ltd.
Summary
| Project: | Ngurupai (Horn Island) | |
|---|---|---|
| Deposit: | Horn Island Pit | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/14/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-3-2017: Alice Queen Ltd. announces a Resource Estimation report for its Horn Island Pit deposit at the Ngurupai (Horn Island) project. Exploration target range upgraded for the Horn Island Pit. Alice Queen Limited (Alice Queen) is pleased to announce a | |
| Resources: | Exploration target: 8.5- 10Mt @ 2.7 - 3.0g/t Au at Horn Island Pit | |
| CP/QP: | [Overall Report]: Richard Buerger (Mining Plus Consulting Pty Ltd.) | |
| ABSTRACT: | Alice Queen Limited (Alice Queen) is pleased to announce an upgrade to its Exploration Target for the Horn Island Pit prospect area. Alice Queen recently engaged Mining Plus to undertake gold mineralisation modelling on targets within and in proximity to the historic Horn Island Pit prospect area (refer to below figure). The modelling was completed using Leapfrog wireframes and Vulcan block modelling running a preliminary block model which has now upgraded the company’s previously reported Exploration Target (refer to ASX release dated 19th August 2016). The company’s upgraded Exploration Target is now a tonnage range of 8.50 to 10.0 Mt at a grade range of 2.7 to 3.0 g/t gold, which represents an exploration potential of 800,000 to 880,000 Oz gold. The company plans to commence a staggered (Phase I to Phase III) drill program commencing in Q2 2017. | |
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