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BCI Minerals Ltd.
Summary
| Project: | Buckland | |
|---|---|---|
| Deposit: | Kumina | |
| Location: | Australia | |
| Commodities: | Iron | |
| Date: | 5/24/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 24-5-2018: BCI Minerals Ltd. announces an Exploration/Drilling Update report for its Kumina deposit at the Buckland project. Drilling results incl. 46m @ 61.9% Fe from 0m. BCI Minerals Limited (ASX: BCI) ("BCI" or the "Company") is pleased to provide addi | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Ian Shackleton (Internal) | |
| ABSTRACT: | BCI Minerals Limited (ASX: BCI) ("BCI" or the "Company") is pleased to provide additional results from the Stage 2 drilling programme at Kumina, which is testing a number of targets. Commenting on the results, BCI Managing Director, Alwyn Vorster, said: "With these positive drilling results from Kumina J, we have now confirmed the discovery of two high grade bedded iron deposits on our Kumina tenements in a short period of time. Kumina has the potential to transform the overall Buckland Iron Ore Project or to be become a standalone operation with higher quality products.” The Kumina tenements comprise three granted exploration licences covering an area of approximately 480km2 located approximately 100km south of Karratha and 50km north-east of BCI's Bungaroo South Deposit. The highly prospective tenements, which were acquired in September 2017, have had minimal previous exploration and have the potential to host significant iron ore deposits. Iron ore deposits discovered at Kumina are intended to become part of BCI's Buckland Project, where the Company is aiming for a 15-20Mtpa operation for 15 years from Bungaroo South and Kumina for export through BCI's proposed Cape Preston East Port (refer to Figure 1). | |
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