For thousands of other reports visit RSC's Mineral Intellingence Map
Greenland Resources Inc.
Summary
| Project: | Malmbjerg | |
|---|---|---|
| Deposit: | Malmbjerg | |
| Location: | Greenland | |
| Commodities: | Molybdenum | |
| Date: | 11/23/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-11-2018: Greenland Resources Inc. announces a Resource Estimation report for its Malmbjerg deposit at the Malmbjerg project. Updated mineral resource estimate at the project. TORONTO, ONTARIO -- (November 23, 2018) -- Greenland Resources Inc. (“Greenla | |
| Resources: | (Resource, M+I): 247.1Mt @ 0.180% MoS2 | |
| CP/QP: | [Resources]: David Rennie (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | TORONTO, ONTARIO -- (November 23, 2018) -- Greenland Resources Inc. (“Greenland Resources” or the “Company”) is pleased to announce that RPA Inc., of Toronto, Canada, has prepared an independent Mineral Resource estimate of 247.1 million tonnes grading 0.180% MoS2 in Measured and Indicated Resource categories at the Company’s 100% owned, Malmbjerg Molybdenum Project (the “Project”). The Project is a Climax-type molybdenum mineral deposit located close to tidewater in central-east Greenland, with a historic 2008 Feasibility Study. A technical report providing the details of the 2018 resource estimate for the Project prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43- 101”) will be filed under the Company’s profile on SEDAR. The Malmbjerg Molybdenum Deposit Mineral Resource has been estimated in accordance with CIM (2014) Definition Standards, as incorporated in National Instrument 43-101, based on geological confidence, data quality and grade continuity. RPA has interpolated molybdenum sulphide grades into a block model using Ordinary Kriging to provide block grade estimates constrained by 3D wireframes. Wireframe models used for constraining the estimate included a volume enclosing the drilled area, the sediment/intrusive contact, and trachyte dikes. The block size was 15m x 15m x 12m with no sub-blocking. Samples were composited to 10m downhole intervals and each composite was assigned a code according to the dominant rock type. High-grade composites were capped at 0.75% MoS2 in the intrusives and 0.40% MoS2 in the sediments. Estimation parameters were derived from geostatistical analysis with search ellipsoids at 1/3, 2/3, and full Variogram ranges. With this resource estimate and new ideas brought in by our engineering consultants and management, the Company is producing an updated version of the Concept Study reported in its July 30, 2018 press release with the aim of incorporating a new mine plan, optimizing processing and reducing Capex. Results are expected be to released shortly. Mineral Resources for the Malmbjerg project have been estimated by David W. Rennie, P.Eng., of RPA Inc., an "independent qualified person" as such term is defined in NI 43-101. | |
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