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Centrex Metals Ltd.
Summary
| Project: | Ardmore | |
|---|---|---|
| Deposit: | Ardmore | |
| Location: | Australia | |
| Commodities: | Phosphate | |
| Date: | 4/26/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 26-4-2018: Centrex Metals Ltd. announces an Exploration/Drilling Update report for its Ardmore deposit at the Ardmore project. Drilling results incl. 7.5m @ 24.7% P2O5 from 9m. Centrex Metals Limited (“Centrex”) has received assay results from 299 rotary | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Alastair Watts (Internal) | |
| ABSTRACT: | Centrex Metals Limited (“Centrex”) has received assay results from 299 rotary percussion drill holes recently completed across the Southern Zone of its Ardmore Phosphate Rock Project (“Ardmore”) in North West Queensland. These holes were part of a large resource definition drilling program completed in the last few months which also included the previously reported 45 reverse circulation (“RC”) drill holes in the Northern Zone of the project. The target of the recent drilling program was to define Measured Mineral Resources for the first years of mining plus establish Ore Reserve analysis over the mine life sufficient for a Feasibility Study is currently being undertaken and targeted for completion in mid-2018. The latest Southern Zone drilling was completed on a nominal 40m spacing and results were consistent with previous wider spaced drilling that defined the high-grade Ardmore phosphate deposit. Work has now commenced on an updated Mineral Resource estimate which is expected to be finalised in late May. Upon completion of the new Mineral Resource estimate, feasibility level mine designs will be completed with the view to Ore Reserves being defined | |
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