For thousands of other reports visit RSC's Mineral Intellingence Map
Panoramic Resources Ltd.
Summary
| Project: | Savannah | |
|---|---|---|
| Deposit: | Savannah North | |
| Location: | Australia | |
| Commodities: | Nickel-Copper-Cobalt | |
| Date: | 8/24/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 24-8-2016: Panoramic Resources Ltd. announces a Resource Estimation report for its Savannah North deposit at the Savannah project. Updated mineral resource for Savannah North. Panoramic Resources Limited (ASX:PAN) is delighted to announce a major upgrade | |
| Resources: | (Resource, Total): 10.272Mt @ 1.70% Ni, 0.72% Cu, 0.12% Co at Savannah North | |
| CP/QP: | [Resources]: Mark Zammit (Cube Consulting Pty Ltd.) | |
| ABSTRACT: | Panoramic Resources Limited (ASX:PAN) is delighted to announce a major upgrade to the Mineral Resource at Savannah North. Underground Resource drilling was undertaken at Savannah North between February and July 2016. The 2016 drill program builds on the Resource drill program completed in 2015, which resulted in the completion of a maiden Mineral Resource estimate in October 2015 (refer to the Company ASX announcement of 1 October 2015). A total of 27 underground Resource drill holes were completed in 2016 and, together with the 2015 drill holes, form the basis of the August 2016 Resource estimate. The combined Savannah Project Resource, incorporating this latest Savannah North Resource estimate, is shown in Table 1. All Resources are reported at a nickel cut-off grade of 0.50% Ni. Savannah North was discovered in February 2014. Between April and August 2015, the Company completed the Savannah North Maiden resource drill program (Figure 1). In August 2015, the Company announced an Interim Resource estimate of 3.15 million tonnes at 1.75% Ni for 55,200t Ni, covering a strike length of approximately 300m, between 5700mE to 6000mE (refer to the Company’s ASX announcement of 11 August 2015). The Interim Resource was based on 24 drill holes and covered approximately 50% of the planned maiden Resource test area. Drilling continued until the end of 2015, at which time 38 drill holes had been completed covering approximately 75% of the planned maiden Resource test area. These 38 drill holes (within drill hole sequence KUD1531 to KUD1572) formed the basis of the Savannah North Maiden Mineral Resource estimate of 6.88 million tonnes at 1.59% Ni for 109,600t Ni (refer to the Company’s ASX announcement of 1 October 2015). Both the August and October 2015 Resource estimates were estimated using SurpacTM software and Ordinary Kriging estimation methodology and both were classified as JORC 2012 Compliant. | |
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