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Project: | Manindi | |
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Deposit: | Manindi | |
Location: | Australia | |
Commodities: | Zinc | |
Date: | 7/25/2017 | |
Report Code: | JORC | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resource Increase/Upgrade | |
Report details: | 25-7-2017: Metals Australia Ltd. announces an Exploration/Drilling Update report for its Manindi deposit at the Manindi project. Drilling results incl. 16.07m @ 8.8% Zn from 140.93m. Diversified metals exploration company, Metals Australia Ltd (ASX: MLS) | |
Resources: | (Resource, Total): 1.07Mt @6.52% Zn, 0.26% Cu, 3.19g/t Ag (2% cut-off) at project | |
CP/QP: | [Overall Report]: Dean Goodwin (Not stated) | |
ABSTRACT: | Diversified metals exploration company, Metals Australia Ltd (ASX: MLS) is pleased to provide an update on the results of the second phase diamond drilling program that was recently completed at the Manindi Project. Commenting on the results, Director of Metals Australia, Gino D’Anna stated: “This drilling program, complemented by a downhole EM program, has returned grades and intercepts equivalent to or better than the average grade and thickness of the existing JORC resource. The results have also validated the new structural interpretation of the ore body to be south west dipping, which opens up the potential to substantially add to the size of the existing ore body. These results have been achieved in a relatively short time frame with only a limited drilling program, and provide a strong base to design follow up drilling and geophysical programs to add to the existing JORC resource. Importantly, this drilling has confirmed the potential to add significant tonnage to our existing JORC resource at Manindi. The drilling has demonstrated that the Manindi resource remains open at depth as well as remaining open along strike in both directions. These results lay the foundation for the next stage of development at Manindi and we are very pleased with what has been achieved.” | |
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