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: | 11/27/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 27-11-2018: New Age Exploration Ltd. announces an Exploration/Drilling Update report for its Redmoor deposit at the Redmoor project. Drilling results incl. 12.01m @ 0.52% Cu, 0.03% Sn, 1.12% WO3 from 493.16m. Technical Director Neil Hutchison commented: “ | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul Gribble (Geologica UK) | |
| ABSTRACT: | Technical Director Neil Hutchison commented: “These results are outstanding and have exceeded expectations, with grades of up to 29.68% Sn Eq, the drilling has been successful in extending and increasing the grades of the known mineralisation beyond the existing resource model. Distribution of the various metals is demonstrating zonation within the structure, which is typical of large mineralised systems supporting the upside potential of the project. The joint venture agreed to incorporate another drill hole into the program which is expected to contribute to the planned resource upgrade as the CRL team have demonstrated success by extending known mineralisation beyond the existing resource model. On receipt of all assay results, expected early in 2019, a resource upgrade will be performed, with the aim of significantly extending the current high-grade resource. As the drilling continues NAE will continue to update the market as assay results are received.” Introduction 2018 DRILLING PROGRAM In June 2018, CRL began this year’s Phase 1 drilling program, aimed at further increasing the tonnage and grade of the high-grade tin-tungsten-copper resource within the Sheeted Vein System at its Redmoor Project, which presently stands at an Inferred Resource of 4.5 Mt @ 1.0% Sn Eq1 . The seven-hole Phase 1 program was funded by SML and NAE having contributed £332,000 each. Assay results for the first two holes, CRD021 and CRD022, were reported on 20 September. Results for the next two holes, CRD023 and CRD024, were reported on 4 October. The remaining holes (CRD025, CRD026 and CRD027) of the Phase 1 program are reported herein, together with the first hole of the Phase 2 program (CRD028). | |
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