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Ardea Resources Ltd.
Summary
| Project: | KNP | |
|---|---|---|
| Deposit: | Black Range | |
| Location: | Australia | |
| Commodities: | Cobalt-Nickel | |
| Date: | 6/13/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-6-2017: Ardea Resources Ltd. announces an Exploration/Drilling Update report for its Black Range deposit at the KNP project. Drilling results incl. 10m @ 0.27% Co, 0.91% Ni from 14m. Ardea Resources Limited (ASX: ARL, “Ardea” or “the Company”) is pleas | |
| Resources: | (Resource, Inf.): 20.1Mt @ 0.1% Co, 0.75% Ni at Black Range | |
| CP/QP: | [Overall Report]: Ian Buchhorn, Matthew Painter (Internal) | |
| ABSTRACT: | Ardea Resources Limited (ASX: ARL, “Ardea” or “the Company”) is pleased to announce that drill results have been received for the recent Reverse Circulation (RC) drilling program at Black Range. Exceptional results confirm high-grade cobalt and nickel mineralisation, and highlight potentially significant occurrences of scandium, with accessory platinum-palladium and chromium mineralisation. A series of 27 RC drill holes was drilled in March and April 2017. The program totalled 1,996 m with 1007 new assays recorded (not including standards, blanks etc.). The program was designed to progress the Black Range project on several fronts. High-grade and extensive cobalt and nickel mineralisation was intercepted in numerous holes. Scandium mineralisation was discovered with similar though more extensive distributions than the platinoid metals. Much of the scandium mineralisation is exposed at surface in association with significant chromium. Platinum and palladium (PGMs) are widely distributed as a coherent blanket of shallow mineralisation that is exposed at surface in many places and would be mined in any event to access the cobalt-nickel mineralisation. There is commonly high copper anomalism associated with the PGMs, suggesting a nickel-copper primary source. Work has commenced on upgrading the resource at Black Range. | |
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