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Gindalbie Metals Ltd.
Summary
| Project: | Mt Gunson | |
|---|---|---|
| Deposit: | Windabout, MG14 | |
| Location: | Australia | |
| Commodities: | Copper-Cobalt-Silver | |
| Date: | 1/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-1-2018: Gindalbie Metals Ltd. announces a Resource Estimation report for its Windabout, MG14 deposit at the Mt Gunson project. Mineral Resource update for Mt Gunson. Gindalbie Metals Ltd (ASX:GBG- “Gindalbie” or “The Company”) is pleased to announce re | |
| Resources: | (Resource, Ind): 17.67Mt @ 0.77% Cu, 492ppm Co, 8g/t Ag at Windabout | |
| CP/QP: | [Resources]: Tim Callaghan (Not stated) | |
| ABSTRACT: | Gindalbie Metals Ltd (ASX:GBG- “Gindalbie” or “The Company”) is pleased to announce revised Mineral Resources for the Windabout and MG14 deposits and ongoing progress in its other evaluation activities at the Mt Gunson Copper-Cobalt Project in South Australia. As previously announced, Gindalbie has entered into a Farm-in Agreement with Terrace Mining Pty Ltd, a wholly owned subsidiary of Torrens Mining Limited (“Torrens”) to acquire up to 75% of the Mt Gunson Copper-Cobalt Project by way of farm-in. In September 2017, Gindalbie and Torrens undertook a campaign to drill 34 holes for a total 368 metres of HQ metallurgical core at the MG14 and Windabout deposits. Although the drilling campaign was primarily to obtain samples for metallurgical testwork, the drilling also enabled the Company to update the Mineral Resources according to the guidelines of the 2012 edition of the JORC Code. A metallurgical testwork programme undertaken by metallurgical consultants, Strategic Metallurgy, is currently underway, and has moved through sample preparation and de-sliming testwork into the flotation testwork and optimisation phase. The principal objective being to improve sulphide flotation recoveries, results are expected in the second quarter of 2018. A mining study undertaken by mining and metallurgical consultants Mining & Process Solutions (MPS) has commenced and is focused on mine design, optimisation and planning for the MG14 and Windabout deposits. Mining method selection at Windabout will be a key part of the study with the current resource modelling work indicating zones of high grade ore that could be scheduled for earlier mining at a higher cut off grade during the life of the operations. | |
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