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Diatreme Resources Ltd.
Summary
| Project: | Galalar | |
|---|---|---|
| Deposit: | Galalar | |
| Location: | Australia | |
| Commodities: | Silica | |
| Date: | 2/20/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 20-2-2020: Diatreme Resources Ltd. announces a Resource Estimation report for its Galalar deposit at the Galalar project. Updated mineral resource estimate. In another boost for a new silica sand mine, emerging silica sands miner Diatreme Resources Limite | |
| Resources: | (Resource, I+I): 38Mt | |
| CP/QP: | [Resources]: Brice Mutton (Ausrocks Pty Ltd.) | |
| ABSTRACT: | In another boost for a new silica sand mine, emerging silica sands miner Diatreme Resources Limited (ASX:DRX) announced today the expansion of the resource estimate for its Galalar Silica Project in North Queensland, demonstrating the project’s potential to become a source of premium quality silica sand for growing Asian markets. Based on an assessment (refer Table 1 below) by independent consultants Ausrocks Pty Ltd, the 2019 auger drilling has contributed to the project’s Inferred Resource being upgraded to 16.5Mt for a total Inferred and Indicated Mineral Resource of 38Mt (cut‐off grade of >99% SiO2), up 26% on the previous estimate (refer ASX announcement 14 May 2019). There is scope to further increase the resource confidence to a JORC compliant Measured Resource in the future (see Further Expansion Potential below). Welcoming the results, Diatreme’s CEO Neil McIntyre said: “This is a significant boost for our plans to develop a new silica sand mine at Galalar in partnership with the traditional owners, Hopevale Congress. | |
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