For thousands of other reports visit RSC's Mineral Intellingence Map
Boss Resources Ltd.
Summary
| Project: | Honeymoon | |
|---|---|---|
| Deposit: | East Kalkaroo | |
| Location: | Australia | |
| Commodities: | Uranium | |
| Date: | 10/4/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 4-10-2018: Boss Resources Ltd. announces an Exploration/Drilling Update report for its East Kalkaroo deposit at the Honeymoon project. Drilling results incl. 5.00m @ 6240ppm pU3O8 from 110.50m. Boss Resources Limited (ASX: BOE) (“Boss” or “the Company”) i | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: M. Abzalov (Internal) | |
| ABSTRACT: | Boss Resources Limited (ASX: BOE) (“Boss” or “the Company”) is pleased to announce the completion of the infill drilling campaign on its Honeymoon Uranium Mining Licence in South Australia ahead of schedule and within budget. The infill program formed Part A, Phase 1 of the Company’s Honeymoon Re-Start Strategy, as announced to the ASX on 2 July 2018. Exciting results have been received from the final 89 holes of the infill program at the East Kalkaroo Deposit, approximately 3 kilometres east of the Honeymoon Uranium Mine and processing plant (Figure 1). Results of the program suggest that mineralisation remains open to the east and northeast of the Mining Lease, which is a strong indication of potential future growth of the Company’s existing Mineral Resource. Boss Resources Managing Director Duncan Craib said, “The initial objectives for the infill drill program were simple - add tonnes and grade to the existing Mineral Resource. The promising drill results received from East Kalkaroo has demonstrated that mineralisation remains open and as such, will be used in the forthcoming resource estimation work. The data also enables us to improve our exploration models for the region and strongly suggest that future exploration programs have the potential to add to the existing Mineral Resource.” Following the commencement of Boss’ Re-Start Strategy at the Honeymoon Uranium Mine, results from the first and second tranches of drilling were announced on 2 August and 27 August 2018, respectively. This announcement provides the drill results from the final 89 holes of the program, with drilling now completed at the East Kalkaroo Deposit, which forms part of the Honeymoon Mineral Resource area, along with the Brooks Dam Deposit and Honeymoon Deposit. The initial infill program was designed to comprise 200 holes, however given the results obtained it was deemed appropriate to cull 11 holes, which further resulted in cost savings for the Company. East Kalkaroo is located within the existing, fully-permitted Honeymoon Mining Licence and is close to the processing plant infrastructure at the main Honeymoon Uranium Mine. Boss intends to undertake initial wellfield operations during the early years of operation, given no further permitting is required to extract resources within this area which holds an export permit. Results from the infill program have continued to validate the intercepts reported from historic drilling, while also highlighting that mineralisation remains continuous and open along the strike of the deposit. Significant intercepts returned from Brooks Dam and East Kalkaroo have also shown that mineralisation remains open to the northwest, east and northeast of the current Mineral Resource area. | |
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