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BCI Minerals Ltd.
Summary
| Project: | Buckland | |
|---|---|---|
| Deposit: | Kumina | |
| Location: | Australia | |
| Commodities: | Iron | |
| Date: | 2/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 19-2-2018: BCI Minerals Ltd. announces an Exploration/Drilling Update report for its Kumina deposit at the Buckland project. Drilling results incl. 34m @ 59.1% Fe from 0m. BCI Minerals Limited (ASX: BCI) ("BCI" or the "Company") is pleased to provide an u | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ian Shackleton (Internal) | |
| ABSTRACT: | BCI Minerals Limited (ASX: BCI) ("BCI" or the "Company") is pleased to provide an update on exploration activities at Kumina, including further positive results from phase 1 drilling at the Kumina A deposit and positive mapping and rock chip sampling at other iron ore targets. Commenting on the results, BCI Managing Director, Alwyn Vorster, said: "Kumina exploration results continue to meet and exceed BCI’s expectations. We are increasingly confident that Kumina can deliver sufficient tonnage of good quality iron ore to support a viable 15Mtpa operation at Buckland and development of the strategic Cape Preston East Port.” Overview of the Kumina Tenements The Kumina tenements comprise three granted exploration licences covering an area of approximately 480km2 located approximately 50km north-east of BCI's Bungaroo South Deposit. The highly prospective tenements have had minimal previous exploration and have the potential to host significant iron ore deposits. They are also prospective for other minerals, including diamonds. The Kumina tenements comprises Hamersley Group sediments, predominantly the Brockman Iron Formation, which hosts a number of major operating mines in the Pilbara. Lesser amounts of Mount McRae Shale, Mount Sylvia Formation and Wittenoom Formation occur along the northern margin of the tenements. The Brockman Iron Formation has been subjected to several phases of faulting and folding, and has the potential to host bedded iron deposits (“BID”) with associated detrital iron deposits (“DID”) formed via the deposition of eroded BID. Tertiary aged paleo-drainage channels also occur on the northern and western margins of tenements, and in some areas host channel iron deposits (“CID”). | |
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