For thousands of other reports visit RSC's Mineral Intellingence Map
Axiom Mining Ltd.
Summary
| Project: | Isabel | |
|---|---|---|
| Deposit: | San Jorge | |
| Location: | Solomon Islands | |
| Commodities: | Nickel-Cobalt-Scandium | |
| Date: | 2/19/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-2-2019: Axiom Mining Ltd. announces an Exploration/Drilling Update report for its San Jorge deposit at the Isabel project. Drilling results incl. 7.8m @ 2% Ni from 10.4m. Axiom Mining Limited (‘Axiom’) CEO Mr Ryan Mount said, “We are delighted to have | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Clinton Rivers (Internal) | |
| ABSTRACT: | Axiom Mining Limited (‘Axiom’) CEO Mr Ryan Mount said, “We are delighted to have the first of the assays which have greatly assisted in our marketing of the deposit to Asia/Pacific nickel ore consumers. These results have satisfied those we are working with on the financing and off-take agreements. For personal use only Legal/48690077_1 ASX Announcement 19 February 2019 Page 2 2 “Our team have done an exceptional job in some tough conditions. The results have us very excited about delivering a quality product into the market with Axiom and the Solomon Islands to very soon make its mark in the nickel industry.” Since the grant of the Mining Lease September 2018, the focus of the drilling has been to infill previous drilling by Axiom, providing sufficient grade control data to the mining team for the initial target mining areas. Two drilling rigs have been utilised in 25 m x 25 m drill collar spacing. Infill drilling assays delivered have confirmed previous results or in some areas are slightly better than expected, giving Axiom confidence in the potential to readily supply the nickel ore market. In consultation with a range of short listed potential customers, Axiom will now likely supply two products into the market: a high iron limonite and saprolite. Figure 1. Typical Ni Laterite profile at San Jorge. The recognition of the high iron qualities of the San Jorge limonite will assist the economics of the project, given that the limonite sits immediately above the saprolite, in the geological profile. Drilling will continue throughout 2019 and additional drill rigs are currently being sourced to increase drilling productivity in anticipation of a ramp up in mining activity in 2019. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report