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Mayur Resources Ltd.
Summary
| Project: | Port Moresby | |
|---|---|---|
| Deposit: | Port Moresby | |
| Location: | Papua New Guinea | |
| Commodities: | Limestone | |
| Date: | 10/24/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-10-2017: Mayur Resources Ltd. announces an Exploration/Drilling Update report for its Port Moresby deposit at the Port Moresby project. Drilling results incl. 98m @ 96% CaCO3 from 0m. Mayur Resources Ltd (ASX: MRL) has completed a drilling campaign at | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Rod Huntley (Groundworks Pty Ltd.) | |
| ABSTRACT: | Mayur Resources Ltd (ASX: MRL) has completed a drilling campaign at its Port Moresby Limestone Project in Papua New Guinea (EL2303), identifying multiple significant intersections of high grade limestone, (approx. 96% CaCO3), that may enable a large deposit to be defined to support a multi decade lime, quick lime and construction materials business. The Exploration Target is 200 to 300 million tonnes across the Kido and Lea Lea deposits within EL2303. In considering the approximate conceptual size and grade of this Exploration Target, a topographic volume by thickness equation was used to assess the potential scale and tenor of the deposits, as the Kido and Lea Lea project areas are significant hills which consist almost entirely of limestone. Importantly the potential quantity and grade is conceptual in nature, and currently there has been insufficient exploration works to estimate a Mineral Resource. Additionally, it is uncertain if further exploration work or modelling will result in the estimation of a Mineral Resource. That said, additional chemical assaying, material analysis and other relevant test work along with modelling of the deposit will be completed by the end of 2017. Initial testing of the limestone has demonstrated suitably of this material for use in many industrial applications and has provided a robust dataset to be used for resource modelling and estimation purposes. The brightness of the limestone will also be assessed for use in paper, supplying limestone as inert dust for coal mines, and as filler for the northern Australian and Asian feedlot markets. | |
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