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Boss Resources Ltd.
Summary
| Project: | Honeymoon | |
|---|---|---|
| Deposit: | Jasons | |
| Location: | Australia | |
| Commodities: | Uranium | |
| Date: | 3/15/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-3-2017: Boss Resources Ltd. announces a Resource Estimation report for its Jasons deposit at the Honeymoon project. Updated Mineral Resource Estimate and Exploration Target for Jasons. Boss Resources Limited (ASX: BOE) is pleased to announce an updated | |
| Resources: | (Resource, Total): 43.5Mt @ 660ppm eU3O8 for 28.8Kt U3O8 contained at Jasons | |
| CP/QP: | [Resources]: M. Abzalov (Internal) | |
| ABSTRACT: | Boss Resources Limited (ASX: BOE) is pleased to announce an updated JORC 2012 Mineral Resource at the Jasons Deposit located in the northern end of the Yarramba palaeochannel, which hosts the Honeymoon Deposit (Figure 1). The 2017 Inferred Resource update shows an endowment of 6.2 Mt with an average grade of 790 ppm eU3O8 for 10.7 Mlb (4.9 Kt) of contained U3O8 reported using a 250ppm U3O8 lower cut-off. This represents a 107% increase in metal endowment to the 2016 resource. The global resourced for the combined eastern and western tenement holdings now totals 43.5Mt @ 650ppm eU3O8 for 63.3Mlb of contained U3O8 - representing a 10% increase in metal to previous estimates. The increase to the Jasons Resource is a result of the 77 hole maiden exploration program undertaken in December 2016 and January 2017 (75 mud rotary holes and 2 sonic holes for 8,882m). This program focussed on the central portion of the Jasons Deposit, and assessed continuity of mineralisation trends as well as verifying historical grade data. The program covered 3km of the 12km trend that makes up the Jasons region on a nominal 200 x 100 drill pattern, which locally was tighter. In addition, the Jasons region has a further Exploration Target of between 1.5 to 6Mt at between 600 to 1,500ppm eU3O8 for between 7 to 18Mlb of contained U3O8 (see announcement 8 December, 2015), which forms part of a combined Exploration Target in excess 100Mlbs. | |
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