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BCI Minerals Ltd.
Summary
| Project: | Carnegie | |
|---|---|---|
| Deposit: | Carnegie | |
| Location: | Australia | |
| Commodities: | Potash | |
| Date: | 6/25/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-6-2018: BCI Minerals Ltd. announces an Exploration/Drilling Update report for its Carnegie deposit at the Carnegie project. Drilling results incl. 12m @ 8513mg/L SOP from 103m . Kalium Lakes Limited (KLL) and BCI Minerals Limited (BCI), the owners of t | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Adam Lloyd (Advisian Pty Ltd.) | |
| ABSTRACT: | Kalium Lakes Limited (KLL) and BCI Minerals Limited (BCI), the owners of the Carnegie Potash Project (CPP) via the Carnegie Joint Venture (CJV), are pleased to provide an update on the Scoping Study which is scheduled for completion shortly. BCI Minerals’ Managing Director, Alwyn Vorster, commented: “The Carnegie Potash Project provides another building block in the development of BCI’s industrial minerals business and has many synergies with our Mardie Project. “Exploration results to date are encouraging and we look forward to releasing the Scoping Study details in the coming weeks,” he said. Brett Hazelden, Managing Director of Kalium, said: “The Carnegie Joint Venture fits neatly into Kalium Lakes’ future development and expansion plans after the initial development of the Beyondie SOP Project. “This expansion potential will allow us to leverage the experience gained in developing the Beyondie SOP Project and to grow with the market, to become a top tier global SOP producer.” The initial aircore drilling program, targeting the basal palaeochannel aquifers at Lake Carnegie, has been completed. Four exploration drill holes were completed at locations selected following interpretation of gravity data acquired earlier this year (ASX announcement: Carnegie Potash Project Prospectivity Confirmed, 11 January 2018). A truck mounted aircore rig was used to drill and sample the sediments and brine and also install monitoring bores | |
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