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King Island Scheelite Ltd.

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Summary

Project:

Dolphin

Deposit:Dolphin
Location:Australia
Commodities:Tungsten
Date:10/30/2018
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:30-10-2018: King Island Scheelite Ltd. announces an Exploration/Drilling Update report for its Dolphin deposit at the Dolphin project. Drilling results incl. 6.6m @ 2.2% WO3 from 156.3m. 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 second hole of a two hole geotechnical drilling program testing the eastern wall of the proposed Dolphin Open Pit in the Grassy District of King Island. 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. Although primarily intended to provide geotechnical information on the proposed open cut extension, geotechnical drill hole KI070 also intersected high grade skarn mineralisation above historic underground mine stopes. Pleasingly the mineralised intersections and the stope intersection reconcile well with the geological and interpolated WO3 grade, providing confidence in the historic information the current resource and reserve are based on. The historic mine model also reconciles well with the geotechnical drilling providing confidence in the estimated resource and reserve. High Grade Scheelite intersections include

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