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Marquee Resources Ltd.
Summary
| Project: | Werner Lake | |
|---|---|---|
| Deposit: | Werner Lake | |
| Location: | Canada | |
| Commodities: | Cobalt-Copper-Gold | |
| Date: | 7/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-7-2018: Marquee Resources Ltd. announces an Exploration/Drilling Update report for its Werner Lake deposit at the Werner Lake project. Drilling results incl. 3.8m @ 1.39% Co from 36.7m. Marquee Resources Limited (“Marquee” or the “Company”) (ASX:MQR) i | |
| Resources: | (Resource, Ind.): 79.4Kt @ 0.43% Co | |
| CP/QP: | [Overall Report]: Paul Sarjeant (Independent) | |
| ABSTRACT: | Marquee Resources Limited (“Marquee” or the “Company”) (ASX:MQR) is pleased to announce that it has received assay results from the first two drill holes at its newly acquired interests in the Werner Lake Cobalt project (“Werner Lake”), located in Ontario, Canada. The company has now completed 8 holes for 1,527m at the Werner Lake Project as part of its phase one drilling campaign. Assays from the first 2 holes demonstrate consistency of data from previous drill campaigns at Werner Lake where historical mine production was reported of 143,386 lbs of cobalt grading approximately 2.2% cobalt and 0.75 % copper (a). Marquee’s exploration drilling campaign at Werner Lake is primarily focused on narrow spaced drilling, which has been designed to increase the existing Indicated NI 43-101 Mineral Resource of 79,400 Tonnes at 0.43% Co1 which remains open in all directions. The Company has been sending the core to the laboratory in batches and as such expectsto announce further assay results as they come to hand. The next anticipated assays are expected to include WL 18-03 and WL 18-04 in the coming weeks. | |
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