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King Island Scheelite Ltd.
Summary
| Project: | Dolphin | |
|---|---|---|
| Deposit: | Dolphin | |
| Location: | Australia | |
| Commodities: | Tungsten | |
| Date: | 10/3/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-10-2018: King Island Scheelite Ltd. announces an Exploration/Drilling Update report for its Dolphin deposit at the Dolphin project. Drilling results incl. 7.4m @ 1.4% WO3 from 152.5m. King Island Scheelite Limited (ASX: KIS) is pleased to announce the r | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Tim Callaghan (Independent) | |
| ABSTRACT: | King Island Scheelite Limited (ASX: KIS) is pleased to announce the results from the first of a two hole geotechnical drilling program, testing the Eastern wall of the proposed Dolphin Open Pit, in the Grassy District of King Island. In its current redevelopment plan, KIS proposes to extend the existing open pit eastwards to access remnant resources for the production of scheelite concentrate. The Dolphin deposit contains a remnant Indicated Resource of 9.6mt at 0.90% WO3 yielding 86,400t WO3 above a cutoff of 0.2% WO3. The proposed open pit contains a Probable Reserve of 3.14Mt @ 0.73% WO3 above a cutoff of 0.2% WO3 (refer KIS ASX report 24/4/2015). The resource and reserve are based on historic geological information acquired during the operation of the mine prior to its closure in 1990, verified by significant additional drilling during 2014/5. The information from these sources enabled the Company to classify its Reserves and Resources in accordance with the guidelines of the 2012 edition of the JORC Code. Although primarily intended to provide geotechnical information on the proposed open cut extension, geotechnical drill hole KI064 also intersected high grade skarn mineralisation. Pleasingly, the mineralised intersections reconcile well with the geological and interpolated WO3 grade, providing confidence in the historic information the current resource and reserve are based on. | |
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