For thousands of other reports visit RSC's Mineral Intellingence Map
Global Geoscience Ltd.
Summary
| Project: | Rhyolite-Ridge | |
|---|---|---|
| Deposit: | South Basin | |
| Location: | United States | |
| Commodities: | Lithium-Boron-Potassium | |
| Date: | 10/10/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-10-2016: Global Geoscience Ltd. announces a Resource Estimation report for its South Basin deposit at the Rhyolite-Ridge project. Initial mineral resource estimate for the South Basin deposit. Global Geoscience Limited (“Global” or the “Company”) is pl | |
| Resources: | (Resources, I+I): 393.3Mt @ 1640g/t Li, 1.2% LCE, 0.9% Li2CO3, 2.9% H2BO3, 1.7% K2SO4 | |
| CP/QP: | [Resources]: Robert Dennis (RungePincockMinarco Ltd.) | |
| ABSTRACT: | Global Geoscience Limited (“Global” or the “Company”) is pleased to announce the results of a maiden Mineral Resource Estimate for South Basin at the Rhyolite Ridge Lithium-Boron Project in Nevada, USA. The total Indicated and Inferred Mineral Resource has been estimated by RungePincockMinarco at 393 million tonnes at 0.9% Lithium Carbonate (Li2CO3), 2.9% Boric Acid (H3BO3) and 1.7% Potassium Sulphate (K2SO4) (1.2% Lithium Carbonate Equivalent1 ) using a 0.6% LCE cut-off. The Resource Estimate is being reported in compliance with the JORC Code 2012 Edition. The Mineral Resource remains open to the north, south and east and has significant potential to expand with successful exploration. North Basin, where Global recently obtained results for twenty historic drill holes, is not included in the Resource Estimate. Global’s Managing Director, Bernard Rowe commented: “This is an excellent result for Global Geoscience and comes just four months after securing this exciting lithium project. The maiden Resource Estimate completed by RungePincockMinarco clearly demonstrates the significant scale of the Rhyolite Ridge lithium-boron deposit. We are continuing to rapidly advance the project with metallurgical test work in progress and drilling at both North Basin and South Basin scheduled to commence in late October.” RungePincockMinarco (“RPM”) was engaged by Global to undertake a JORC-compliant Mineral Resource Estimate at South Basin, part of the Rhyolite Ridge Lithium-Boron project in Nevada, USA. The cut-off was selected based on an RPM cut-off calculator assuming an open pit mining method, a US$8,000/t Li2CO3 price, a 90% metallurgical recovery for Li2CO3 and costs derived from a high-level technical report supplied by independent processing consultants to Global. The Resource is shown by classification in Table 1 (low cut-off) and Table 2 (high cut-off). Table 2 is inclusive of Table 1 and not additional. | |
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