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Boss Resources Ltd.
Summary
| Project: | Honeymoon | |
|---|---|---|
| Deposit: | East Kalkaroo | |
| Location: | Australia | |
| Commodities: | Uranium | |
| Date: | 9/13/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-9-2016: Boss Resources Ltd. announces an Exploration/Drilling Update report for its East Kalkaroo deposit at the Honeymoon project. New assay results from previously drilled holes incl. 1.4m @ 2360ppm U3O8 from 119.5m. Boss Resources Limited (ASX: BOE) | |
| Resources: | (Resource, Total): 40Mt @ 650ppm 3U3O8 for 57.8Mlbs U3O8 contained | |
| CP/QP: | [Overall Report]: Neil Inwood (Not stated) | |
| ABSTRACT: | Boss Resources Limited (ASX: BOE) is pleased to announce the results of the sampling of four sonic holes (Figure 1) have positively confirmed the grades previously provided by PFN measurement. The four sonic holes were drilled by the previous owners of the Honeymoon Project but never laboratory analysed. One of the holes was drilled within the main Honeymoon Resource region, and three were drilled within the East Kalkaroo Resource region (Figure 2). The sampling has enabled a detailed comparison to be made of the downhole PFN pU3O8 grades to the laboratory analysis (ICPMS). On average, the laboratory analysis of the core samples were 15% higher than the relevant PFN grades (506ppm U3O8 vs 441ppm pU3O8). Although there is not enough data to definitely define a trend over the whole resource region, it is noted that sampling of sonic core from the Gould’s Dam Deposit also indicated a strong positive disequilibrium when comparing PFN and gamma eU3O8 grade data to chemical grade data (ASX: 8 April 2016). The observed effect is most significant when high grades (>1500pm U3O8) are observed. The four sonic holes were drilled in 2011 by Boart Longyear with a nominal core diameter of 5” and probed using the site PFN tool at the time of drilling. Core recovery was generally high (>85%). PFN downhole probing grade data has been used for the majority of uranium grade analysis at the Honeymoon deposit (631 holes or 60% of total), and forms significant portions of the data sets for Brook’s Dam (50 holes or 46% of total) and East Kalkaroo (66 holes or 13% of total). | |
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