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Axiom Mining Ltd.
Summary
| Project: | Isabel | |
|---|---|---|
| Deposit: | San Jorge | |
| Location: | Solomon Islands | |
| Commodities: | Nickel | |
| Date: | 3/6/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-3-2017: Axiom Mining Ltd. announces an Exploration/Drilling Update report for its San Jorge deposit at the Isabel project. Drilling results incl. 19.3m @ 1.04% Ni from 2m. Axiom Mining Limited (‘Axiom’ or ‘the Company’) is pleased to announce further re | |
| 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 further results from the drill program at the Isabel Nickel Project 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. Results from the drilling program will be used to deliver a Mineral Resource estimate in early 2017. Assay results for further holes remain outstanding. The Phase 1 of the program at San Jorge has been successfully concluded with the 50 by 50m drill pattern complete across the initial area of focus. The definition program included selected 25m infill holes as well as sterilisation holes on the edge on the known mineralised zone to assist with initial mining boundaries to ensure efficiency in proceeding to stockpiling and mining. With the completion of Phase 1 of the program, the Company is currently focused on key elements to commence mining including licencing and permitting. Further to this Axiom is also assessing the additional historically modelled mineralised areas over the remainder of the tenement, as well as new exploration targets, that occur at San Jorge recently identified. Significant potential for additional saprolite mineralisation occurs at San Jorge that warrants modern testing – this will likely to occur parallel to mining operations. Phase 1 of the drilling program was designed to establish an initial area for mining, satisfy criteria for the submission of a mining lease application and produce an initial JORC Mineral Resource. Drilling activities will now pause while waiting the grant of a mining license at San Jorge although some other exploration and development activities will continue during March. Phase 2 of the Resource and exploration. | |
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