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King Island Scheelite Ltd.
Summary
| Project: | Dolphin | |
|---|---|---|
| Deposit: | Investigator 21 | |
| Location: | Australia | |
| Commodities: | Tungsten | |
| Date: | 5/17/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-5-2018: King Island Scheelite Ltd. announces an Exploration/Drilling Update report for its Investigator 21 deposit at the Dolphin project. Drilling results incl. 3.3m @ 1.7% WO3 from 103.2m. King Island Scheelite Limited (ASX: KIS) is pleased to announ | |
| 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 a regional exploration drilling program testing the Investigator 21 Prospect in the Grassy District of King Island. The program successfully defined scheelite bearing skarn mineralisation in three of the four holes completed with high grade mineralisation intersected in multiple lenses from two holes: The Investigator 21 prospect is located 6 km west of the KIS Grassy Project. The geology of Investigator 21 is similar to the two nearby historic scheelite mines, Dolphin and Bold Head (Figure 1) also held by KIS within Mining Lease M1/2006 and Exploration Licence EL19/2001 respectively. The KIS drilling program is the first exploration drilling to be conducted in the area for over 35 years. The successful exploration results highlight the prospectivity of the KIS tenements away from the previously mined areas on King Island. The additional scheelite skarn mineralisation intersected, demonstrates the potential to delineate additional tungsten resources outside of the Resources and Reserves associated with the Dolphin and Bold Head Deposits. In particular the ultra-high grades intersected in KI 062 confirm the propensity of the metamorphic aureole around the Grassy Pluton to carry tungsten grades an order of magnitude higher than those typically encountered in other tungsten projects being developed elsewhere. Based on regional geological mapping the metamorphic aureole prospective for scheelite skarn mineralisation has a strike distance of at least 9 km with limited exploration drilling having been undertaken to date. This exploration target has scope to increase the mine life of the Dolphin Mine beyond the 8-year open cut operation currently scheduled for this project (ASX release 21/09/2015). The detailed Technical Report from geologist Tim Callaghan is attached to this release. | |
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