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Jervois Mining Ltd.
Summary
| Project: | Idaho Cobalt | |
|---|---|---|
| Deposit: | Idaho Cobalt | |
| Location: | United States | |
| Commodities: | Cobalt-Copper-Gold | |
| Date: | 1/21/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 21-1-2020: Jervois Mining Ltd. announces a Resource Estimation report for its Idaho Cobalt deposit at the Idaho Cobalt project. Updated mineral resource estimate at project. Jervois Mining Limited (“Jervois” or the “Company”) (ASX: JRV) (TSX-V: JRV) (OTC: | |
| Resources: | (Resource, M+I): 5.77Mt @ 0.44% Co, 0.69% Cu, 0.53g/t Au | |
| CP/QP: | [Resources]: Scott Zelligan (Independent) | |
| ABSTRACT: | Jervois Mining Limited (“Jervois” or the “Company”) (ASX: JRV) (TSX-V: JRV) (OTC: JRVMF) (FRA: IHS) is pleased to announce updated Mineral Resource Estimate (“MRE”) modelling at its Idaho Cobalt Operations (“ICO”) in the United States. Jervois updated the ICO MRE after completing 3,125m (19 holes) of diamond drilling to support its bankable feasibility study (“BFS”). The updated model uses modified methodology to improve estimation using industry standard applications for narrow orebodies, with Jervois also adopting a more appropriate approach to stope and mine plan design. This has involved block rotation and adoption of a smaller cell size than previously used, as the previous MRE released by eCobalt Solutions on 7 February 2018 was unrotated and used cell sizes not conducive to the narrow high-grade interzone intercepts found in the Main Ram zone. 2 The updated MRE is outlined below at an adjusted updated cut-off of 0.15% Co. The broader mineralized envelope at ICO is significant; this represents potential upside to Jervois in the event that future cobalt prices are higher than prevail today. Battery demand for cobalt is expected to rise sharply, and ethical, non-DRC, low capital sources of supply outside of ICO are essentially non-existent. A grade-tonnage sensitivity table is also presented at 0.2% Co cut off to enable comparison with previously published models. | |
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