For thousands of other reports visit RSC's Mineral Intellingence Map
Boss Resources Ltd.
Summary
| Project: | Honeymoon | |
|---|---|---|
| Deposit: | Honeymoon | |
| Location: | Australia | |
| Commodities: | Uranium | |
| Date: | 7/31/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 31-7-2017: Boss Resources Ltd. announces an Exploration/Drilling Update report for its Honeymoon deposit at the Honeymoon project. Drilling results incl. 7.75m @ 3705ppm pU3O8. Boss Resources Limited (ASX: BOE) (“Boss” or the “Company”) is pleased to anno | |
| Resources: | (Resource, Total): 43.5Mt @ 660ppm eU3O8 for 63.3Mlbs U3O8 contained at Honeymoon | |
| CP/QP: | [Overall Report]: M. Abzalov (Internal) | |
| ABSTRACT: | Boss Resources Limited (ASX: BOE) (“Boss” or the “Company”) is pleased to announce that results from recently drilled 10 mud-rotary holes (BFW001 to BFW010) and 2 sonic core holes (Figure 1) have been received and validated. This drilling was undertaken in preparation for the Field Leach Trial (“FLT”) which is due to commence in early August 2017 (see BOE announcement 19 June 2017). The FLT forms an integral part of the Definitive Feasibility Study and will include a wellfield leach and an ion exchange pilot plant, all on the Honeymoon Mining Licence. Boss CEO, Mr Duncan Craib stated, “the drill data confirms results predicted from our 3-Dimensional resource model of that area. During the past year significant effort has been put into consolidating and reformatting the various geological data bases received from Uranium 1 at the time of asset purchase. It is pleasing to therefore see our geological model being validated by these results and I now look forward to a successful Field Leach Trial.” Drilling activities commenced in May 2017 with 2 sonic core holes drilled at the proposed site of the FLT to confirm ore grade, host lithology and detailed mineralogy. The sonic core holes confirmed the suitability of the selected area following which locations for the 2 well-patterns were finalised. A grade x thickness (“GT”) minimum value of 1200 was used to select the trial location, along with the requirement that the mineralisation is hosted in permeable sands (as opposed to less permeable clays and silts). | |
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