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Queensland Mining Corp. Ltd.
Summary
| Project: | White Range | |
|---|---|---|
| Deposit: | Kuridala | |
| Location: | Australia | |
| Commodities: | Copper-Cobalt | |
| Date: | 8/31/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-8-2017: Queensland Mining Corp. Ltd. announces a Resource Estimation report for its Kuridala deposit at the White Range project. Mineral resource review and restatement for Kuridala, unchanged since last estimate (JORC 2004). Queensland Mining Corporat | |
| Resources: | Resource, Total): 7.18Mt @ 0.84% Cu, 230ppm Co, 0.21g/t Au at Kuridala | |
| CP/QP: | [Resources]: John Horton, Goujian Xu (ResEval Pty Ltd.;Redrock Exploration Services Pty Ltd.) | |
| ABSTRACT: | Queensland Mining Corporation Limited (ASX: QMN) is pleased to announce a review and restatement of the Kuridala Mineral Resource under JORC Code (2012) which was previously prepared under JORC Code (2004). This has entailed a brief review of the previous work and compliance to the JORC Code (2012)and the compilation of the additional information not supplied in the original announcement in 2004 and the subsequent update in 2010, which was completed under the JORC Code (2004) (see ASX announcement dated 22 April 2010) The review of the Mineral Resource compliance under the current reporting code will enable the current scoping study for the White Range project to proceed. Review of other Mineral Resources reported under JORC Code (2004) are now in progress and will be announced as they are completed. Cobalt and gold assays are only partially available and should only be considered as indicative and is only included for consistency in reporting QMC projects. In addition current copper heap leach processing options being considered do not recover cobalt and gold. The Mineral Resource was originally estimated by Golder Associates Pty Ltd (Golder) in 2004 as part of the White Range Feasibility study being undertaken by Matrix Metals Limited (Matrix), the tenement holder of the day. Estimation by Golder used median Indicator Kriging (IK) with a change of volume support to represent the expected mining selectivity. The change of support was supported by a conditional simulation study. Matrix geologists undertook the geological interpretations and Golder assessed the geological zones and incorporated them into the geological control during grade estimation to reflect the geological understanding provided by Matrix. The Mineral Resource estimated by Golder was for a 3 by 5 by 2.5 m (X, Y, Z dimensions) mining selectivity | |
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