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Boss Resources Ltd.
Summary
| Project: | Honeymoon | |
|---|---|---|
| Deposit: | Jasons | |
| Location: | Australia | |
| Commodities: | Uranium | |
| Date: | 12/8/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-12-2016: Boss Resources Ltd. announces an Exploration/Drilling Update report for its Jasons deposit at the Honeymoon project. Drilling results incl. 6.75m @ 524ppm EU3O8 from 103.9m. Boss Resources Limited (ASX: BOE) is pleased to announce that the seco | |
| Resources: | (Resource, Total): 40Mt @ 650ppm 3U3O8 for 57.8Mlbs U3O8 contained | |
| CP/QP: | [Overall Report]: Neil Inwood (Not stated) | |
| ABSTRACT: | Boss Resources Limited (ASX: BOE) is pleased to announce that the second round of results of the mudrotary program at the Jasons Prospect have been processed. The Jasons Prospect is located approximately 12km north of Boss’ Honeymoon Uranium Mine Site (Figure 1). Drilling to date has concentrated in the northern region of the deposit and has recently shifted to the southern region. Drilling in the southern portion of the Jasons Prospect (Figure 1) is defining a high-tenor core to the mineralisation with significant wide intercepts including 4m @ 464ppm eU3O8 (from 100.65m in BMR038), 2.5m @ 1394ppm eU3O8 (from 105.45m in BMR043) and 6.75m @ 524ppm eU3O8 (from 103.9m in BMR050). These results are along trend of the historical drillhole YAM040 which contained 2.3m @ 3981ppm pU3O8 (PFN derived grade). Boss has PFN grade data for the majority of the new drilling. An initial independent review of the PFN grade data and calibration routines has confirmed that the PFN results are appropriate for reporting and that correct calibration procedures have been used. Following this confirmation, Boss is now validating and interpreting the PFN results which will be released to market when available. Figure 1 shows the peak per-hole grade x thickness composites (single best composite, not amalgamated) for the recent drilled holes, along with historical holes for reference. Results seen to date support the general endowment seen by historical drilling, significantly good lateral continuity of mineralisation has been encountered. | |
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