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BCI Minerals Ltd.
Summary
| Project: | Buckland | |
|---|---|---|
| Deposit: | Kumina | |
| Location: | Australia | |
| Commodities: | Iron | |
| Date: | 1/23/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 23-1-2018: BCI Minerals Ltd. announces an Exploration/Drilling Update report for its Kumina deposit at the Buckland project. Drilling results incl. 38m @ 58.3% Fe from 0m. BCI Minerals Limited (ASX: BCI) ("BCI" or the "Company") is pleased to report posit | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ian Shackleton (Internal) | |
| ABSTRACT: | BCI Minerals Limited (ASX: BCI) ("BCI" or the "Company") is pleased to report positive initial drilling results from the Kumina tenements. Commenting on the results, BCI Managing Director, Alwyn Vorster, said: "BCI identified Kumina as a large, under-explored tenement package and successfully acquired it from Mineralogy in 2017. We are encouraged by exploration work to date, which is supporting the view that Kumina potentially hosts iron ore deposits that can increase the tonnage available to the Buckland Project and improve its development case." Overview of the Kumina Tenements The Kumina tenements comprise three granted exploration licences covering an area of approximately 480 km2 located approximately 50km north-east of BCI's Bungaroo South Deposit. The Kumina tenements contain Hamersley group sediments including the Brockman Iron Formation, which hosts a number of operating iron ore mines in the Pilbara. Minimal previous exploration has been conducted on the tenements. Iron ore deposits discovered on the Kumina tenements are intended to become part of BCI's Buckland Project, where the Company is targeting a 15Mtpa operation for 15 years from Bungaroo South, Kumina and other deposits for export through BCI's proposed Cape Preston East Port (refer to Figure 1 below). BCI has identified the Kumina A deposit, a channel iron deposit (“CID”) on the western margin of the tenement package which is contiguous with existing iron ore deposits owned by third parties. BCI has also undertaken an iron ore target generation exercise on the broader Kumina tenement package. | |
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