For thousands of other reports visit RSC's Mineral Intellingence Map
Marindi Metals Ltd.
Summary
| Project: | Forrestania | |
|---|---|---|
| Deposit: | Gem | |
| Location: | Australia | |
| Commodities: | Lithium-Iron | |
| Date: | 3/27/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-3-2017: Marindi Metals Ltd. announces an Exploration/Drilling Update report for its Gem deposit at the Forrestania project. Drilling results incl. 8m @ 1.24% Li2O, 0.77% Fe2O3 from 103m. Marindi Metals Limited (ASX: MZN; “Marindi”) advises the market o | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Joseph Treacy (Internal) | |
| ABSTRACT: | Marindi Metals Limited (ASX: MZN; “Marindi”) advises the market of the results of the first phase (a total of 13 holes) of follow up reverse circulation drilling at the Gem Mining Lease. Two holes were drilled to test the down dip extent of the mineralisation previously intercepted in hole GPRC06 which returned 33m @ 3.14% Li2O (ASX announcement dated 28th December 2016). Both holes intersected pegmatite, with hole GPRC26 intersecting 8m @ 1.24% Li2O from 103m including 4m at 2.09% Li2O from 107m. GPRC27, a deeper hole on the same section, intersected two zones of pegmatitic material from 111-115m and 130-138m which contained anomalous but low grade mineralisation. The results confirm the initial interpretation of a subvertical dip (ASX announcement 20th December 2016). It appears that the original hole GPRC06 was drilled at a shallow angle to the dip of the pegmatite resulting in an exaggerated down hole intersection; the true width of this intersection is now estimated to be a maximum of 10m. At this location the pegmatite has been now drilled to a vertical depth of approximately 120m but the lack of significant mineralisation down dip in hole GPRC27 indicates the mineralisation may have some structural or primary zonation control which is not evident at this stage. Another eleven holes have intersected pegmatite of variable thickness, dip and strike further complicated by an east-west trending Proterozoic dyke. No significant assays have been recorded. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report