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Black Mountain Resources Ltd.
Summary
| Project: | Namekara | |
|---|---|---|
| Deposit: | Namekara | |
| Location: | Uganda | |
| Commodities: | Vermiculite | |
| Date: | 12/12/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-12-2016: Black Mountain Resources Ltd. announces a Resource Estimation report for its Namekara deposit at the Namekara project. Initial Resource estimate for the newly acquired project. Black Mountain Resources Limited (ASX:BMZ) (Black Mountain or the | |
| Resources: | (Resource, Inf): 61.9Mt @ 18.2% Vermiculite for 11.3Mt of Vermiculite contained at the 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 JORC 2012 Mineral Resource estimate (“Resource”) for its 100% owned Namekara Vermiculite Mine, located in located in Eastern Uganda. The Mineral Resource estimate was completed by independent mining consultants CSA Global Pty Ltd using the historical data from Reverse Circulation (“RC”) Drilling completed by Rio Tinto and Diamond Drilling (“DD”) completed by Gulf Industrials Limited, and is classified as Inferred in accordance with the JORC Code (2012). In June 2008, Rio Tinto plc (“Rio Tinto”) completed an internal resource estimate in accordance with the JORC Code (2004). This was based on a 72 vertical hole, 3,490m RC drilling program in 2007 and 2008. On the 23rd July 2009, Gulf Industrials Limited (“Gulf”) published an Inferred Mineral Resource estimate reported in accordance with the JORC Code (2004). In 2011 and 2012, Gulf completed 56 angled boreholes in a 3,408 metre, DD infill drilling campaign based on recommendations in an SRK Consulting review published by Gulf in July 2009. Following this drilling campaign, Gulf completed a number of internal reviews, none of which were made public. This maiden Mineral Resource estimate published by the Company is the first published estimate calculated using all the historical exploration work and data completed by both Rio Tinto and Gulf over a 5-year period between 2007 and 2012 on the Namekara Vermiculite Mine. The Resource estimation was completed by CSA Global, a privately-owned and independent international mining consultancy business that has been providing services to its clients across all mineral commodities and regions globally for over 30 years. CSA Global’s team provides expertise in all aspects of geological and geostatistical modelling applicable to exploration and mining using an integrated approach to assessing and using data, defining geological controls on mineralisation, applying appropriate techniques for Mineral Resource and Ore Reserve estimation and validating mineable resource models using appropriate grade control and reconciliation practices. | |
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