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Neometals Ltd.
Summary
| Project: | Barrambie | |
|---|---|---|
| Deposit: | Barrambie | |
| Location: | Australia | |
| Commodities: | Titanium-Vanadium-Iron | |
| Date: | 3/12/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 12-3-2018: Neometals Ltd. announces an Exploration/Drilling Update report for its Barrambie deposit at the Barrambie project. Drilling results incl. 32m @ 11.4% TiO2, 0.42% V2O5 from 31m. Neometals Ltd (ASX: NMT) (“Neometals”) is pleased to provide an upd | |
| Resources: | (Resource, I+I): 47.2Mt @ 22.18% TiO2, 0.63% V2O5 at project | |
| CP/QP: | [Overall Report]: Clay Gordon (Advance Geological Consulting Pty Ltd.) | |
| ABSTRACT: | Neometals Ltd (ASX: NMT) (“Neometals”) is pleased to provide an update regarding the Company’s 100% owned Barrambie Project in Western Australia. Barrambie Project is not only one of the worlds highest-grade titanium deposits, but it also has a significant endowment of high-grade vanadium. Grade Control Drilling - Proposed Bulk Sample Pit The Company has previously announced it had received applicable mining regulatory approvals for the mining of a circa 50,000 tonne DSO sample focused on the higher-grade titanium zones of the Eastern zone of the deposit (refer ASX:NMT announcement 24 January 2018). Close-spaced, grade control drilling of the proposed pit area has been completed and is currently being modelled. Preliminary assessment of geological logging and returned assays serves to confirm the dimensions and tenor of mineralisation intersected in earlier, wider-spaced exploration drilling and to the mineralisation modelled and reported in the Mineral Resource estimate (refer Table 1). Reverse circulation drilling was conducted on a 10 metre by 10 metre grid pattern over a strike length of approximately 90 metres covering the design pit area and successfully defined a mineralised corridor of high-grade (+30%) TiO2 mineralisation of between 20 to 30m in width (refer Table 2 and Figures 1 & 2). | |
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