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Marquee Resources Ltd.
Summary
| Project: | Werner Lake | |
|---|---|---|
| Deposit: | Werner Lake | |
| Location: | Canada | |
| Commodities: | Cobalt-Copper | |
| Date: | 1/7/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-1-2019: Marquee Resources Ltd. announces an Exploration/Drilling Update report for its Werner Lake deposit at the Werner Lake project. Drilling results incl. 2.60m @ 0.313% Co, 0.177% Cu from 316.40m. Marquee Resources Limited (“Marquee” or the “Company | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul Sarjeant (Not stated) | |
| ABSTRACT: | Marquee Resources Limited (“Marquee” or the “Company”) (ASX:MQR) is pleased to announce that it has received assay results for the final four drill holes WL 18-14 to WL 18-18 (Table 1) from the Werner Lake Cobalt project (“Werner Lake”), located in Ontario, Canada. The results are significant because they have intersected high-grade mineralisation within and beyond the constraints of the current Mineral Resource model. This continues to confirm the potential for significant exploration upside to Werner Lake’s existing NI 43-101 resource1 . The Company anticipates that the results from the 2018 drill program will have a positive impact on the next Mineral Resource estimate update, which is due for completion in Q1 2019. Marquee Managing Director Mr. Charles Thomas Commented: “The 2018 drill campaign has not only been successful in achieving the Company’s main objective of confirming the extent and continuity of high-grade cobalt mineralisation at Werner Lake but has also extended the limits of mineralisation defined by the current Mineral Resource model.” The objective of the 2018 drilling program was designed to confirm high grade cobalt mineralisation intersected in numerous drill holes during previous diamond drilling programs and provide additional structural and geotechnical data for ongoing project development studies. Mr Thomas continued “We are confident that these objectives have been achieved, in addition to identifying new areas of mineralisation, that open the deposit along strike and at depth. We look forward to additional drilling on the property and continuing to grow the Werner Lake resource.” | |
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