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Mineral Commodities Ltd.
Summary
| Project: | Munglinup | |
|---|---|---|
| Deposit: | Munglinup | |
| Location: | Australia | |
| Commodities: | Graphite | |
| Date: | 6/5/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-6-2018: Mineral Commodities Ltd. announces an Exploration/Drilling Update report for its Munglinup deposit at the Munglinup project. Drilling results incl. 15m @ 19.9% TGC from 30m. Mineral Commodities Ltd (ASX: MRC) (“MRC” or “the Company”) is pleased | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Daniel Hastings (Hastings Bell Pty Ltd.) | |
| ABSTRACT: | Mineral Commodities Ltd (ASX: MRC) (“MRC” or “the Company”) is pleased to announce excellent drilling results from its recent expansion drilling program at Munglinup. The results confirm continuity of mineralisation along strike of the known deposits in both quantum and tenor. The additional geological and assay information will be included in a geological resource model update currently underway. A follow up, infill drilling program has been developed and is scheduled for commencement in July. This program has been designed to provide sufficient geological and assay information so as to allow for an update to the Mineral Resource before the end of 2018. Executive Chairman Mark Caruso said, “These drilling results confirm MRC’s belief that the high grade mineralisation at Munglinup continues along strike of the known deposits and that the Mineral Resource will continue to grow. The high grade intercepts further support the plan that Munglinup will be a low cost operation and will continue to produce high quality graphite concentrate beyond the initial mine life.” This report may contain forward-looking statements. Any forward-looking statements reflect management’s current beliefs based on information currently available to management and are based on what management believes to be reasonable assumptions. It should be noted that a number of factors could cause actual results, or expectations to differ materially from the results expressed or implied in the forward-looking statements. | |
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