For thousands of other reports visit RSC's Mineral Intellingence Map
Black Mountain Resources Ltd.
Summary
| Project: | Namekara | |
|---|---|---|
| Deposit: | Namekara | |
| Location: | Uganda | |
| Commodities: | Vermiculite | |
| Date: | 3/10/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 10-3-2017: Black Mountain Resources Ltd. announces a Resource Estimation report for its Namekara deposit at the Namekara project. Updated Mineral Resource Estimate at Namekara. Black Mountain Resources Limited (ASX:BMZ) (Black Mountain or the Company) is | |
| Resources: | (Resource, I+I): 61.1Mt @ 18% Vermiculite for 10.86Mt Vermiculite contained at project | |
| CP/QP: | [Resources]: Matthew Cobb (CSA Global Pty Ltd.) | |
| ABSTRACT: | Black Mountain Resources Limited (ASX:BMZ) (Black Mountain or the Company) is pleased to provide a maiden Indicated Mineral Resource estimate (“MRE”) for the Namekara Vermiculite Deposit, located in Table A1. The Resource estimate was generated by CSA Global Pty Ltd (“CSA Global”) using the latest data generated from the 2,415m drill program, see fig 1 below, announced to the ASX on the 24 February 2017, and the Reverse Circulation (“RC”) Drilling completed by Rio Tinto and Diamond Core Drilling (“DC”) completed by Gulf Industrials Limited. The Mineral Resource has been classified as both Indicated and Inferred in accordance with the JORC Code1 . Black Mountain’s Chairman and Chief Executive Officer Julian Ford commented: “We have infill drilled around 10% of the area currently covered by the Inferred Resource and have converted approximately 85% of this Inferred Resource to an Indicated Mineral Resource status. This will allow us to carry out mine planning and convert the area into a Probable Reserve, once we have properly defined all the modifying factors. Given the Indicated Mineral Resource contains 870,000 tonnes of Vermiculite and we are currently producing approximately 30,000 tonnes per year at a pleasing grade of 19%, it can be assumed Namekara has the potential to be a long life mining operation.” “The latest drilling has been sampled at 1 metre intervals and across four size fractions. We have also mapped the exfoliation characteristics as well as the golden colour of the vermiculite. These are all critical factors that are major contributors to the premium price that Namekara Vermiculite attracts in the industrial market. The Company can now start the process of optimising production to minimise costs and maximise the blend of the product to meet market expectations” | |
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