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IronRidge Resources Ltd.
Summary
| Project: | Monogorilby | |
|---|---|---|
| Deposit: | Monogorilby | |
| Location: | Australia | |
| Commodities: | Aluminium | |
| Date: | 7/29/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-7-2016: IronRidge Resources Ltd. announces a Resource Estimation report for its Monogorilby deposit at the Monogorilby project. Initial 54.9Mt inferred bauxite mineral resource estimate. IronRidge Resources Limited (AIM: IRR, “IronRidge” or the “Compan | |
| Resources: | (Resource, Inf.): 54.89Mt @ 37.5% Al2O3, 8.5% SiO2 | |
| CP/QP: | [Overall Report]: Nicholas Mather (Internal) | |
| ABSTRACT: | IronRidge Resources Limited (AIM: IRR, “IronRidge” or the “Company”) is pleased to announce a Maiden 54.9 MT, JORC compliant bauxite mineral resource estimate (“Mineral Resource”) at its Monogorilby Bauxite Project (“the Project”) in the newly identified bauxite province of central Queensland, Australia. Independent consultants Mining One Pty Ltd of Melbourne, Australia prepared a JORC 2012 compliant maiden mineral resource estimate for the Monogorilby Bauxite Project based on a 94 drill hole (for 2,424m) reverse circulation (“RC”) percussion drilling programme. A 3D interpretation of the mineralised domain was constructed using sectional interpretation strings as well as detailed government topographic (ortho-DEM) data to build the domain wireframe and modelling constraints. An inverse distance weighted estimate was modelled for key variables, that estimated tonnes and grades into a block model. All blocks were constrained to a resource wireframe and all blocks outside this wireframe were not considered in the calculations. | |
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