For thousands of other reports visit RSC's Mineral Intellingence Map
New Age Exploration Ltd.
Summary
| Project: | Redmoor | |
|---|---|---|
| Deposit: | Redmoor | |
| Location: | United Kingdom | |
| Commodities: | Tungsten-Tin-Copper | |
| Date: | 3/20/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 20-3-2018: New Age Exploration Ltd. announces a Resource Estimation report for its Redmoor deposit at the Redmoor project. JV - Updated mineral resource estimate for project. New Age Exploration Limited (“NAE” or “the Company”) is pleased to announce that | |
| Resources: | (Resource, Inf.): 4.5Mt @ 0.37% WO3, 0.25% Sn, 0.57% Cu at Redmoor | |
| CP/QP: | [Resources]: Mike Armitage (SRK Consulting (UK) Ltd.) | |
| ABSTRACT: | New Age Exploration Limited (“NAE” or “the Company”) is pleased to announce that, following the completion of a 20-hole diamond drilling programme during 2017, an updated Inferred Mineral Resource and Exploration Target has now been defined by the Company’s technical consultants, SRK Consulting (UK) Ltd (“SRK”) for its Redmoor Tungsten-Tin Project (“Redmoor”) undertaken through its 50% owned joint venture vehicle, Cornwall Resources Limited (“CRL”). NAE Managing Director Gary Fietz commented “The updated Redmoor Inferred Mineral Resource and Exploration Target is a major milestone on the path to rebuilding a working mine in the Redmoor area. Today’s announcement demonstrates the potential for the Redmoor Project to host sufficient high-grade tungsten, tin and copper mineralization to support an underground mining project. The 1.0% SnEq resource grade is truly world class and sets the Redmoor project apart from the majority of competitor tin and tungsten projects - as a comparison the 1.0% SnEq Redmoor resource grade would be equivalent in value to an in-situ copper grade of 3.1 % or gold grade of 5.3 grams per tonne (at a copper price of $7,000/t or a gold price of US$1,300/Oz). A targeted work programme is currently being developed aimed at not only expanding and upgrading the current resource, but also commencing metallurgical testwork and engineering aimed at advancing the project towards Pre-Feasibility Study completion in 2019.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report