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Metalicity Ltd.
Summary
| Project: | Admiral Bay | |
|---|---|---|
| Deposit: | Admiral Bay | |
| Location: | Australia | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 2/16/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-2-2018: Metalicity Ltd. announces a Resource Estimation report for its Admiral Bay deposit at the Admiral Bay project. Mineral resource review and validation against JORC 2012 and CIM 2014 standards. Metalicity Limited (ASX:MCT) (“MCT” or “Company”) is | |
| Resources: | (Resource, Inf.): 170Mt @ 4.1% Zn, 2.7% Pb, 25g/t Ag, 10% Ba at Admiral Bay | |
| CP/QP: | [Resources]: Ian Glacken (Optiro Pty Ltd.) | |
| ABSTRACT: | Metalicity Limited (ASX:MCT) (“MCT” or “Company”) is pleased to report that a commissioned review of the Company’s zinc projects, resource estimates, classification and reporting against the JORC Code 2012 and the CIM Standards 2014, in preparation for completion of a NI 43-101 Technical Report for potential TSX-V listing, has confirmed that the classification and reporting under the CIM Standards (CIM, 2014) would result in an identical tabulation and classification of the JORC 2012 Mineral Resource Estimate (MRE) published on 4/7/2016. “We are pleased to have a highly credentialed consultancy with experience reporting against the JORC Code 2012 and the CIM Standards 2014, deliver a positive review which supports the Company’s JORC 2012 Inferred MRE published on 4/7/2016 of 170Mt at 7.5% ZnEq. The review is in preparation for a NI 43-101 Technical Report for a potential TSX-V listing and this, together with recent Institutional Placement to predominantly North American Investors, bodes well for a pote At the request of Metalicity, RMRC adopted a polygonal or nearest-neighbour approach to the estimation of resource grades within the mineralised zones. The drillhole grade (zinc, lead, silver and barium) and density data was flagged within each mineralised zone and then composited across the zone intersection to form a single, variable-length composite within each zone. A rotated block model was constructed (Y axis 120° azimuth rotation) and each mineralised zone was filled with 50 m by 50 m by variable height blocks using a minimum sub-block size of 5 m by 5 m by 1 m. | |
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