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King Island Scheelite Ltd.
Summary
| Project: | Dolphin | |
|---|---|---|
| Deposit: | Bold Head | |
| Location: | Australia | |
| Commodities: | Tungsten | |
| Date: | 9/26/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-9-2019: King Island Scheelite Ltd. announces a Resource Estimation report for its Bold Head deposit at the Dolphin project. Resource estimate for the Bold Head deposit. King Island Scheelite Limited (ASX: KIS) (“the Company”) is pleased to report the r | |
| Resources: | (Resource, I+I): 1.76Mt @ 0.91% WO3 at Bold Head | |
| CP/QP: | [Resources]: Tim Callaghan (Independent) | |
| ABSTRACT: | King Island Scheelite Limited (ASX: KIS) (“the Company”) is pleased to report the results of the recently completed Bold Head Scheelite Resource Estimation, carried out by external consultants Resource and Exploration Geology. The Bold Head Resources are additional to the existing Dolphin Scheelite Resource that underpins the 100% owned Dolphin Tungsten Project. King Island Scheelite Chairman, Johann Jacobs, said: “This is an exceptional result for KIS with the increased indicated and inferred resources adding significantly to our Total Mineral Resource and potentially increasing the mine life of our wholly owned Dolphin Tungsten Project. This positive result builds on our recently released Feasibility Study and revised Mineral Reserve Estimate and forms a significant part of our road map to recommencing production at Dolphin, targeted for 2021.” The Bold Head Scheelite Deposit is a satellite deposit of the world class Dolphin Deposit located at Grassy on King Island, Tasmania (Figure 1). The Bold Head Deposit was discovered by Geopeko Ltd in 1968 and operated as a decline accessed room and pillar underground mine between 1974 and 1986. The mine produced 1.1Mt @ 0.71% WO3 before being forced to close due to declining tungsten prices. | |
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