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Berkut Minerals Ltd.
Summary
| Project: | Lainejaur | |
|---|---|---|
| Deposit: | Lainejaur | |
| Location: | Sweden | |
| Commodities: | Nickel-Cobalt | |
| Date: | 2/12/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-2-2018: Berkut Minerals Ltd. announces a Resource Estimation report for its Lainejaur deposit at the Lainejaur project. Updated Mineral Resource for Lainejaur. Berkut Minerals Limited (ASX: BMT) (“Berkut” or the “Company”) is pleased to report an updat | |
| Resources: | (Resource, Inf.): 460Kt @ 2.2% Ni, 0.15% Co, 0.7% Cu at Lainejaur | |
| CP/QP: | [Resources]: Paul Payne (PayneGeo) | |
| ABSTRACT: | Berkut Minerals Limited (ASX: BMT) (“Berkut” or the “Company”) is pleased to report an updated mineral resource estimate for the Company’s 100% owned Lainejaur Ni-Co Project in northern Sweden (refer Figure 1). The Lainejaur Project is located at the north-west end of the renowned Skellefteå mineral belt and only 15km from the regional centre of Malå. Berkut’s Managing Director, Neil Inwood commented: “The cobalt grade of the Lainejaur resource in Sweden, along with the cobalt mineralisation identified in recent drilling at the Skuterud Cobalt Project in Norway, demonstrates the high potential for cobalt mineralisation across all of the Company’s projects in Scandinavia. The updated Mineral Resource at the Lainejaur Project has yielded a significant grade increase for both Ni and Co with a material increase in contained metal. The new estimate has established a truer reflection of the tenor of the massive sulphide mineralisation at Lainejaur. The surface EM surveys have also provided an early-stage target for potential repeats of mineralisation. These results will feed into our exploration targeting model over our 44km2 of ground holdings in the Lainejaur area.” The Lainejaur Project (refer Figures 1 & 2) is located at the north-west end of the renowned Skellefteå mineral belt and only 15km from the regional centre of Malå. The deposit was discovered in 1941 and was bought into production to supply nickel for Sweden during the Second World War. When it closed, the mine had produced some 101,000t of ore @ 2.21% Ni, 0.1% Co and 0.93% Cu to approximately 100m below surface. | |
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