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Diatreme Resources Ltd.
Summary
| Project: | Galalar | |
|---|---|---|
| Deposit: | Galalar | |
| Location: | Australia | |
| Commodities: | Silica | |
| Date: | 5/12/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 12-5-2020: Diatreme Resources Ltd. announces a Resource Estimation report for its Galalar deposit at the Galalar project. Updated Mineral Resource Estimate for Project. Emerging silica sands developer and explorer, Diatreme Resources Limited (ASX:DRX) ann | |
| Resources: | (Resources, Total): 47.5Mt Silica Sand | |
| CP/QP: | [Resource] Dale Brown, Brice Mutton (Ausrocks Pty Ltd.) | |
| ABSTRACT: | Emerging silica sands developer and explorer, Diatreme Resources Limited (ASX:DRX) announced today an increase in the Total Mineral Resource and a maiden Measured Mineral Resource for its Galalar Silica Sand Project in North Queensland, highlighting the project’s potential to generate valuable long‐term jobs and investment for the benefit of local stakeholders. Based on an assessment (refer Table 1 below) by independent consultants Ausrocks Pty Ltd, the maiden Measured Mineral Resource comprises 30.9 Mt @ 99.28% SiO2, while the total Mineral Resource has expanded to 47.5 Mt, up 25% on the previous estimate of 38 Mt (refer ASX announcement 20 February 2020). Diatreme’s CEO, Neil McIntyre commented: “This is a pleasing outcome for Galalar and highlights the potential for the project to become a long‐term source of premium quality silica sand, generating valuable new jobs and other economic benefits for the local community, including the traditional owners and project partners, Hopevale Congress North Queensland needs new investment and employment opportunities to ensure its post‐pandemic recovery and the Galalar project has the potential to deliver exactly that. | |
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