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Boss Resources Ltd.
Summary
| Project: | Honeymoon | |
|---|---|---|
| Deposit: | Honeymoon | |
| Location: | Australia | |
| Commodities: | Uranium | |
| Date: | 3/25/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 25-3-2019: Boss Resources Ltd. announces a Resource Estimation report for its Honeymoon deposit at the Honeymoon project. Exploration Target for Honeymoon project. Boss Resources Limited (ASX: BOE) is pleased to announce a significant increase in the Expl | |
| Resources: | Exploration Target: 28Mt - 133Mt @ 340ppm U3O8 - 1080ppm U3O8 | |
| CP/QP: | [Overall Report]: Asha Rao (Internal) | |
| ABSTRACT: | Boss Resources Limited (ASX: BOE) is pleased to announce a significant increase in the Exploration Target for its Honeymoon Uranium Project in South Australia. The Exploration Target comprises 10 areas; seven within the Eastern Region tenements and three located in the Western Region tenements (Figure 1). The increased Exploration Target estimate for the Honeymoon Uranium Project now stands at 28 Mt to 133 Mt of mineralisation at a grade of 340 ppm to 1,080 ppm U3O8 for a contained 58 Mlbs to 190 Mlbs U3O (26,300 to 86,160 tonnes of contained U3O8), using a cut-off of 250ppm. At the upper end of the target range this represents a 90% increase from the previously reported Exploration Target1 . Boss’ increased Honeymoon Exploration Target does not include areas of existing Mineral Resource and the potential quantity and grade reported are conceptual only in nature. Insufficient exploration has been conducted to estimate a JORC-compliant Mineral Resource and it is uncertain whether future exploration will lead to the estimation of a Mineral Resource in the defined areas. Boss Resources Managing Director Duncan Craib said, “The increased Exploration Target is another step forward and we look forward to unlocking additional large-scale uranium mineralisation within the broader Honeymoon Uranium Project. This has been made possible by the diligent efforts of the geology department re-analysing historical and recent drill and geophysical results. “Having a fully permitted mining licence and existing infrastructure makes Honeymoon one of the few uranium projects worldwide positioned that can participate in the early stages of a new bull market.” | |
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