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Boss Resources Ltd.
Summary
| Project: | Honeymoon | |
|---|---|---|
| Deposit: | Jasons | |
| Location: | Australia | |
| Commodities: | Uranium | |
| Date: | 2/3/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-2-2017: Boss Resources Ltd. announces an Exploration/Drilling Update report for its Jasons deposit at the Honeymoon project. Drilling results incl. 3m @ 1174ppm EU3O8 from 105m. Boss Resources Limited (ASX: BOE) is pleased to announce results from the l | |
| Resources: | (Resource, Total): 40Mt @ 650ppm 3U3O8 for 57.8Mlbs U3O8 contained at Honeymoon | |
| CP/QP: | [Overall Report]: Neil Inwood (Not stated) | |
| ABSTRACT: | Boss Resources Limited (ASX: BOE) is pleased to announce results from the last 12 mud-rotary holes (BMR055 to BMR066) have been received and validated; along with 2 sonic core holes (Figure 1). This drilling positively confirmsthe trend extent of the southern high-grade region. The current drill program was designed to enable further delineation and expansion as expected of the known resource (reported at 2.8Mt at 840ppm eU3O8 for 5.2Mlb contained U3O8 above a 250ppm U3O8 lower cutoff). The Jasons Prospect is located approximately 12km north of Boss’s Honeymoon Uranium Mine Site. The two sonic core holes (BSC001 and BSC002) were drilled as twins of BMR034 and BMR038 and have confirmed that the high-grade mineralisation in this region is associated with medium to coarse sand units, considered to be highly amenable to the ISL process. High grade mineralisation is seen along the reduction/oxidation (‘redox’) boundary of coarse to very coarse and pebbly sands, medium to coarse grained well sorted sands; very coarse to pebbly poorly sorted sands(Figure 2) and minor black silty clay carbonaceous/graphitic interbeds. Only one sonic core hole remains outstanding to complete the four sonic hole program. This program had a twofold purpose of obtaining fresh core samples for metallurgical testwork and to further confirm the Prompt Fission Neutron Tool (PFN) pU3O8 calibration profile. This is an important validation step prior to potentially using the PFN data in Resource estimates. | |
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