For thousands of other reports visit RSC's Mineral Intellingence Map
Barra Resources Ltd.
Summary
| Project: | Mt Thirsty | |
|---|---|---|
| Deposit: | Mt Thirsty | |
| Location: | Australia | |
| Commodities: | Cobalt-Nickel-Manganese | |
| Date: | 5/29/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-5-2017: Barra Resources Ltd. announces an Exploration/Drilling Update report for its Mt Thirsty deposit at the Mt Thirsty project. JV with Conico Ltd. - Drilling results incl. 18m @ 0.161% Co, 0.75% Ni from 15m. Barra Resources Limited (ASX: BAR)(Barra | |
| Resources: | (Resource, I+I): 31.94Mt @ 0.13% Co, 0.55% Ni, 0.86% Mn at project | |
| CP/QP: | [Overall Report]: Michael J Glassom Robert N Smith (Internal) | |
| ABSTRACT: | Barra Resources Limited (ASX: BAR)(Barra) in conjunction with its joint venture partner Conico Limited (ASX: CNJ)(Conico), is pleased to advise that recent air-core (AC) drilling on E63/1267, located approximately 3km north of the Mt Thirsty Cobalt Deposit (Figure 1) has delineated a new zone of cobalt-nickel oxide mineralisation. The mineralisation lies at shallow depth beneath outcropping laterite in strongly weathered ultramafic rocks and is of similar style to that of the Mt Thirsty Cobalt Deposit. The Joint Venture partners are highly encouraged by the drilling results which demonstrate the potential for further upside to the existing Mt Thirsty Cobalt Resource (refer Table 2 in Background on Mt Thirsty Cobalt Project). Barra and Conico will look towards identifying further drill targets to the north of the recently completed drilling, as well as commencing work to determine a preliminary resource estimate for the new deposit. Thirty-one shallow AC holes were drilled in late April for an aggregate of 1,084m to test a Geological Survey of Western Australia (GSWA) mapped laterite outcrop on the eastern side of E63/1267 where a single AC traverse drilled by the joint venture in May 2015 intersected significant cobalt (Co) and nickel (Ni) assays in the three most eastern holes. The latest drilling was mostly on a 100m by 40m grid with one infill line to 50m by 40m in the central portion. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report