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Diatreme Resources Ltd.
Summary
| Project: | Galalar | |
|---|---|---|
| Deposit: | Galalar | |
| Location: | Australia | |
| Commodities: | Silica-Titanium-Aluminium-Rutile | |
| Date: | 3/7/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 7-3-2019: Diatreme Resources Ltd. announces a Resource Estimation report for its Galalar deposit at the Galalar project. Updated mineral resource estimate at the project + new drill results. Emerging mineral and silica sands miner Diatreme Resources Limit | |
| Resources: | (Resource, Inf.): 26.4Mt @ 99% SiO2 | |
| CP/QP: | [Resources]: Brice Mutton (Ausrocks Pty Ltd.) | |
| ABSTRACT: | Emerging mineral and silica sands miner Diatreme Resources Limited (ASX:DRX) announced today an expanded resource estimate for its Galalar Silica Project in North Queensland, further demonstrating the project’s potential to become a source of premium quality silica sand for growing Asian markets. Based on an independent assessment by Ausrocks Pty Ltd, the project’s Inferred Mineral Resource estimate has been upgraded to 26.4 Mt > 99% SiO2, up 22% on the maiden resource estimate of 21.6 Mt >99% Si02 (refer ASX announcement 13 August 2018). The analysis also showed the potential for the resource to be further upgraded to ‘Indicated’ status, representing increased confidence in its quality, following further bulk density sampling. Previous bulk testing results have demonstrated the project’s ability to produce premium-grade silica (< 100 ppm Fe2O3) using standard processing techniques, meeting the requirements for high-end glass and solar panel manufacturing and capable of attracting premium prices (refer ASX announcement 9 January 2019). Excellent recovery rates were obtained for the final product, with the results also showing the potential for secondary, highvalue heavy mineral sands, adding to the project’s value. | |
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