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Coziron Resources Ltd.
Summary
| Project: | Yarraloola | |
|---|---|---|
| Deposit: | P529 | |
| Location: | Australia | |
| Commodities: | Iron-Silica-Aluminium-Phosphorus | |
| Date: | 5/9/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-5-2017: Coziron Resources Ltd. announces a Resource Estimation report for its P529 deposit at the Yarraloola project. Resource update at P529 + new drilling results incl. 23m @ 49.05% Fe from 19m. This announcement reports a JORC-compliant maiden inferr | |
| Resources: | (Resource, Inf.): 4.2Mt @ 53% Fe (cut-off 50%Fe) at P529 | |
| CP/QP: | [Resources]: Graham de la Mare (PayneGeo Pty Ltd.) | |
| ABSTRACT: | This announcement reports a JORC-compliant maiden inferred resource that was generated from the 2016 drilling of P08/529. The grade and tonnage at a Fe cut-off of 50% is summarised in Table 1 and fully described in Appendix 1. RC drilling of pisolitic ironstone (CID) on P08/528 reports a maiden inferred resource in the P529 deposit of 4.2 Mt @ 53% Fe (equivalent calcined iron, FeCa of 59.2%) + 9.1% SiO2 + 3.9% Al2O3 + 0.04% P + 10.4% LOI above a cut-off grade of 50% Fe (FeCa>55%). The new ore-resource is located approximately 4km south-west of the Company's existing Robe Mesa Deposit. Gethitic mineralisation from the pisolitic ironstone in P529 is a low phosphorous, low alumina ore. Geological model suggests that the P529 deposit represents material that correlates with the lower zone of the Robe Deposit. The results from the initial drilling programme on P0/529 represent an addition to the CZR resource-base on the Company’s Yarraloola project. | |
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