For thousands of other reports visit RSC's Mineral Intellingence Map
Golden Mile Resources Ltd.
Summary
| Project: | Quicksilver | |
|---|---|---|
| Deposit: | Quicksilver | |
| Location: | Australia | |
| Commodities: | Cobalt-Scandium-Nickel | |
| Date: | 11/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-11-2018: Golden Mile Resources Ltd. announces a Resource Estimation report for its Quicksilver deposit at the Quicksilver project. Initial mineral resource estimate at the project. The Directors of Golden Mile Resources Ltd (ASX:G88, or the Company) ar | |
| Resources: | (Resource, I+I): 26.3Mt @ 0.64% Ni, 0.043% Co | |
| CP/QP: | [Resources]: Paul Payne (Payne Geological Services) | |
| ABSTRACT: | The Directors of Golden Mile Resources Ltd (ASX:G88, or the Company) are delighted to announce that the Company has completed a maiden resource estimate for the Quicksilver Nickel-Cobalt Project located in the South-West Mineral Field of Western Australia (Figure 1). The total Mineral Resource (see Table 1) is 26.3 million tonnes grading 0.64% nickel and 0.04% cobalt (using a cut-off grade >0.5% Ni or >0.05% Co). The estimated resource contains approximately 168,500 tonnes of nickel and 11,300 tonnes of cobalt metal. Commenting on the results of the resource estimate for the Quicksilver Project, Managing Director of the Company, Lachlan Reynolds stated that: The successful completion of the resource estimate for the Quicksilver nickel-cobalt laterite deposit is a significant step forward in the development of this Project and the Company regards the result as a vindication of the management team’s efforts on the project to-date. This resource is better than expected and provides a strong foundation for the Company to grow both the resource size and quality as well build the development strategy. QUICKSILVER NICKEL-COBALT PROJECT The Quicksilver Project is located near Pingaring in the South-West Mineral Field of Western Australia, approximately 280 km southeast of Perth (Figure 1). The project comprises an exploration license and a prospecting license that collectively cover a total area of 51.13 km2 . The project is primarily located on privately owned farmland in an area with excellent local infrastructure, including easy access to grid power, sealed roads and a railway line to key ports. | |
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