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Metals X Ltd.
Summary
| Project: | Nifty | |
|---|---|---|
| Deposit: | Nifty | |
| Location: | Australia | |
| Commodities: | Copper | |
| Date: | 3/10/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 10-3-2020: Metals X Ltd. announces a Resource Estimation report for its Nifty deposit at the Nifty project. Updated Mineral Resource Estimate at Nifty. Metals X Limited (Metals X or the Company) is pleased to announce an updated Mineral Resource estima | |
| Resources: | (Resources, Total): 47.29Mt @ 1.39% Cu (658,500t Cu) | |
| CP/QP: | [Resources]: Kane Hutchinson (Internal) | |
| ABSTRACT: | Metals X Limited (Metals X or the Company) is pleased to announce an updated Mineral Resource estimate for its underground sulphide deposit at the Nifty Copper Operations (Nifty). Since the 2019 Mineral Resource estimate (31 March 2019)1, MLX has completed substantial underground drilling programs at Nifty. A total of 309 diamond drill holes for 29,764 metres of drilling have been completed with a focus on infill and resource definition programs within southwest Region 3 & 4, Region 5 and the eastern end of Region 6 (Figure 1). Since the acquisition of Nifty in late 2016, MLX has now drilled a total of 761 diamond drill holes for 91,095 metres of drilling. In conjunction with the additional drilling completed since the 2019 Mineral Resource estimate, the Company has also competed a revised geological model for the Nifty deposit using advanced LeapfrogTM modelling software which has allowed for improved resolution of geological detail within the mineralised horizons. Of most significance has been the modelling of narrow, effectively barren, shale interbeds within the Middle Carbonate Unit (MCU), which along with the Lower Carbonate Unit (LCU), are the primary hosts to copper mineralisation at Nifty. | |
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