For thousands of other reports visit RSC's Mineral Intellingence Map
FYI Resources Ltd.
Summary
| Project: | Sino-Lau | |
|---|---|---|
| Deposit: | Sino-Lau | |
| Location: | Laos | |
| Commodities: | Potash | |
| Date: | 10/17/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-10-2016: FYI Resources Ltd. announces an Exploration/Drilling Update report for its Sino-Lau deposit at the Sino-Lau project. Drilling results incl. 320m @ 140 CPS. Perth-based FYI Resources Limited (the “Company” or “FYI”) is pleased to provide a tech | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mark Pudovskis (CSA Global Pty Ltd.) | |
| ABSTRACT: | Perth-based FYI Resources Limited (the “Company” or “FYI”) is pleased to provide a technical review by CSA Global of the downhole Natural Gamma log of the recently completed vertical RZK-01A drill hole on the Sino-Lao potash project, located in the Natan Mining Area. RZK-01A is the first due diligence drill hole by FYI on the Sino-Lao project (see previous ASX release 1/8/2016 for details). The entire drill hole was Natural Gamma logged through HQ steel casing by Aztec Engineering Co., following the completion of the hole. The gamma sensor in the downhole probe estimates (in counts per second - CPS) the level of Potassium-40, a radioactive isotope of potassium. In potash deposits, elevated CPS indicates the presence of potash, either as carnallitite or sylvinite, as visually confirmed by site geologists whilst logging the core. The results for selected sections of the RZK-01A natural gamma downhole logs are shown below (over leaf). Although the Natural Gamma log is indicative of potash mineralisation, the available data is not sufficient to allow any reasonable estimation of a Mineral Resource in isolation at this stage. FYI is continuing its project due diligence and will work towards a JORC reportable Mineral Resource estimate once it proceeds with a formal joint venture. The results of the downhole Natural Gamma survey confirms the extent of the mineralisation of the Sino-Lao potash project and further demonstrate the potential of the project. The RZK-01A geophysics results adds to FYI’s due diligence and understanding of the project and adds credibility to the strategy of entering a joint venture on the Sino-Lao project. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report