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Axiom Mining Ltd.
Summary
| Project: | Isabel | |
|---|---|---|
| Deposit: | San Jorge | |
| Location: | Solomon Islands | |
| Commodities: | Nickel | |
| Date: | 3/20/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-3-2017: Axiom Mining Ltd. announces an Exploration/Drilling Update report for its San Jorge deposit at the Isabel project. Drilling results incl. 23.3m @ 1.36% Ni from 0.9m. Axiom Mining Limited (‘Axiom’ or ‘the Company’) is pleased to announce the res | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John Horton (ResVal Pty Ltd.) | |
| ABSTRACT: | Axiom Mining Limited (‘Axiom’ or ‘the Company’) is pleased to announce the results of the remainder of the initial drill program on San Jorge Island in the Solomon Islands. Axiom has targeted an area within the San Jorge tenement that presents optimal logistical characteristics of an initial mining DSO operation. Phase 1 of the program at San Jorge, over a limited portion of the tenement, has been successfully concluded with the 50m by 50m drill pattern complete across the initial area of focus. The drill program included selected 25m infill holes as well as sterilisation holes on the edge of the known mineralised zone to assist in determining initial mining boundaries to facilitate efficient stockpiling and mining. With the completion of Phase 1 of the program, the Company is currently focused on government approval for its mining lease application. Further to this Axiom is now assessing the additional areas defined by historical exploration over other areas of the tenement. This includes significant potential for saprolite mineralisation that requires modern testing – this will likely occur in parallel to mining operations. Phase 1 of the drill program was designed to establish an initial area for mining and to support development of an initial JORC Mineral Resource. Drilling activities will now pause while awaiting the grant of a mining license at San Jorge although other exploration and development activities will continue. Phase 2 of the exploration drilling program is planned to commence in tandem with start-up mining activities upon grant of a mining lease. Axiom CEO Ryan Mount said, “These encouraging drill results provide us the confidence for the next stage of planning and development of San Jorge.” | |
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