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Ardea Resources Ltd.
Summary
| Project: | KNP | |
|---|---|---|
| Deposit: | Goongarrie South | |
| Location: | Australia | |
| Commodities: | Cobalt-Nickel-Scandium-Chromium | |
| Date: | 7/4/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 4-7-2017: Ardea Resources Ltd. announces an Exploration/Drilling Update report for its Goongarrie South deposit at the KNP project. Drilling results incl. 131m @ 0.10% Co, 1.06% Ni from 34m. Ardea Resources Limited (ASX: ARL, “Ardea” or “the Company”) is | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Ian Buchhorn (Internal) | |
| ABSTRACT: | Ardea Resources Limited (ASX: ARL, “Ardea” or “the Company”) is pleased to announce that drill results have been received for the recent diamond drilling program at Goongarrie South (Figure 3). Exceptional results confirm high-grade cobalt and nickel mineralisation (Figure 1), and highlight potentially significant occurrences of scandium. The purpose of these drill holes was to sample mineralisation that is representative of future mining activities. These samples will be used for the metallurgical test work that is a major part of the PreFeasibility Study (PFS) for the KNP Cobalt Zone. This test work will define the mechanisms for recovering cobalt and nickel from the various deposits that constitute the Cobalt Zone. Four diamond drill holes were drilled in May 2017. The program totalled 399.7 m with exactly 200 new assays recorded (not including standards, blanks etc.). Intercepts have been calculated using a two-phase approach. Initially, intercepts are calculated using a 0.5 % nickel cut-off grade. This provides an outline to overall shape of lateritic mineralisation at Goongarrie South and throughout the KNP Cobalt Zone. High-grade cobalt inclusions are then defined using a 0.1 % cut-off. The broad 131.0 m thick intercept in AGSD0001 ends in mineralisation. The drill hole has sampled a deep V-shaped zone of mineralised laterite development known as Pamela Jean Deeps. Geologically, the control on this deep mineralisation is most likely a shear zone in the underlying ultramafic sequence which has been susceptible to the penetration of lateritisation to depth. The cross-section interpretation reflects this (Figure 2). This deep weathering has been a locus for thick and locally very high-grade mineralisation. | |
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