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Montezuma Mining Company Ltd.
Summary
| Project: | Butcherbird | |
|---|---|---|
| Deposit: | Butcherbird Manganese | |
| Location: | Australia | |
| Commodities: | Manganese-Silica-Iron-Phosphorus-Aluminium | |
| Date: | 10/17/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-10-2017: Montezuma Mining Company Ltd. announces a Resource Estimation report for its Butcherbird Manganese deposit at the Butcherbird project. Amended mineral resource estimate for the Butcherbird project. Listed in 2006, Montezuma Mining Company Ltd | |
| Resources: | (Resource, I+I): 180.8Mt @ 10.8% Mn, 43.9% SiO2, 11.7% Fe, 0.3% P2O5, 10.9% Al2O3 at project | |
| CP/QP: | [Resources]: Mark Glassock (Internal) | |
| ABSTRACT: | Listed in 2006, Montezuma Mining Company Ltd (ASX: MZM) is a diversified explorer primarily focused on manganese, cobalt and gold. The Company’s primary objective is to achieve returns for shareholders through selected strategic acquisitions and targeted exploration. Montezuma has 100% interests in the Butcherbird Manganese Project which hosts Australia’s largest onshore manganese deposit, in addition to the Pinnacles Cobalt Project and the Holleton Gold Project, all located in Western Australia. Montezuma Mining Company Ltd (“Montezuma” or “Company”) is pleased to advise that a revised Mineral Resource Estimate has been completed for the manganese mineralisation at the Company’s 100% owned Butcherbird Project. Importantly the conversion of Inferred Resources to the Indicated classification over more densely drilled portions of the Yanneri Ridge deposit will form the basis for commercial studies to commence on completion of the hydrometallurgical flowsheet design work that is currently being undertaken by the CSIRO. Executive Director Justin Brown commented; “Upgrading the Butcherbird manganese resource to JORC 2012 and the conversion of parts of Yanneri Ridge from Inferred to Indicated categories adds to our confidence that this is a technically robust mineral desposit with simple geology, low strip ratios and significant potential to underpin the Company’s transition from explorer to developer in the medium term.” | |
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