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Coziron Resources Ltd.
Summary
| Project: | Yarraloola | |
|---|---|---|
| Deposit: | Robe Mesa | |
| Location: | Australia | |
| Commodities: | Iron-Silica-Aluminium-Phosphorus | |
| Date: | 4/26/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-4-2017: Coziron Resources Ltd. announces a Resource Estimation report for its Robe Mesa deposit at the Yarraloola project. Resource update at Robe Mesa + new drilling results incl. 20m @ 51.11% Fe from 0m. This announcement reports a JORC-compliant inf | |
| Resources: | (Resource, I+I): 89.1Mt @ 53.7% Fe (calcined iron, Fe ca of 58.2%) at Robe Mesa | |
| CP/QP: | [Resources]: Graham de la Mare (Payne Geological Services) | |
| ABSTRACT: | This announcement reports a JORC-compliant inferred resource generated from the 2016 drilling for the Robe East Extension. This extension is contiguous with the Robe Mesa Deposit and the additional material is summarised into the overall Robe Mesa resource at Fe cut-offs of 50 and 55%. Final results increased the inferred resource and the total tonnage in the Robe Mesa deposit by 5%. The results from this small-scale drilling programme represent another successful addition to the resource-base at Robe Mesa, located within the Company’s Yarraloola project. The Robe Mesa hosts a deposit of pisolitic iron-stone (CID-type iron-ore) with a detrital origin that underlies an elevated region at the southern end of the Yarraloola project area on the Company’s tenements E08/1060 and E08/1686. Mapped extensions of pisolitic iron-stone that adjoin to the north of the Robe Mesa deposit have been outlined and are currently being evaluated for future drilling programs. The block model is also being reviewed and evaluated to identify either possible extensions to mineralisation or areas where infill drilling within the deposit can increase the confidence from Inferred to Indicated. The Yarraloola Project also hosts a number of additional CID targets with pisolitic iron-stone mineralisation that are currently being evaluated for initial exploratory drilling. | |
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