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Axiom Mining Ltd.
Summary
| Project: | Isabel | |
|---|---|---|
| Deposit: | San Jorge | |
| Location: | Solomon Islands | |
| Commodities: | Nickel | |
| Date: | 11/30/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 30-11-2016: Axiom Mining Ltd. announces an Exploration/Drilling Update report for its San Jorge deposit at the Isabel project. Drilling results incl. 13.7m @ 1.37% NI from 3m. Axiom Mining Limited (‘Axiom’ or ‘the Company’) is pleased to announce outstand | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John Horton (ResEval Pty Ltd.) | |
| ABSTRACT: | Axiom Mining Limited (‘Axiom’ or ‘the Company’) is pleased to announce outstanding first results from the resource definition drilling program on San Jorge Island in Solomon Islands. Axiom CEO Ryan Mount said, “We are off to a good start in this phase of project development, and are well on track to defining the extent of the high grade mineralisation and determining mining parameters. These excellent results, with saprolite grades up to 2% Ni, give us a high level of confidence in our ability to supply a premium product for potential customers.” Axiom has established an exploration camp at San Jorge Island. Skid-mounted lightweight drill rigs were set in place and drilling commenced during the quarter (Figure 1). The drilling program is designed to establish an initial JORC Resource for the commencement of mining in 2017 (subject to licencing). New sampling procedures have increased turn-around time for future assaying. The overall location of the drilling is indicated in Figure 2, and details are provided in Figure 3. Where drilling is complete and assay results have been returned, exploration results are provided in Table 1 and Figure 3. To avoid further delays in processing assays due to quarantine issues, generally the top 2 to 3m of each drill core has been withheld and will be assayed in one larger batch at a later date. | |
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