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Queensland Mining Corp. Ltd.
Summary
| Project: | White Range | |
|---|---|---|
| Deposit: | Vulcan | |
| Location: | Australia | |
| Commodities: | Copper-Cobalt | |
| Date: | 8/28/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-8-2017: Queensland Mining Corp. Ltd. announces a Resource Estimation report for its Vulcan deposit at the White Range project. Mineral resource review and restatement for Mt McCabe, unchanged since last estimate (JORC 2004). Queensland Mining Corporati | |
| Resources: | (Resource, I+I): 1.42Mt @ 0.65% Cu, 170ppm Co at Mt McCabe (0.2% Cu cut-off) | |
| 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 Vulcan Mineral Resource under the JORC Code (2012) which was previously prepared under the JORC Code (2004). This has entailed a review of the previous work and compliance to the JORC Code (2012) along with the compilation of the additional information not supplied in the last announcement in 2010, completed under the JORC Code (2004) (see ASX announcement dated 29 October 2010) This 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) is now in progress and will be announced as completed. The Mineral Resource was originally estimated by Matrix Metals Limited (Matrix) in 2005 as part of the White Range Feasibility study being undertaken by Matrix using Ordinary Kriging. Matrix went into liquidation in 2008 and the Vulcan project was acquired by QMC in July 2010. In 2010 QMC engaged Golder Associates (Golder) to update the Mineral Resource model for an extended model area, updated geological interpretation and additional elements including cobalt. 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 variogram analysis and more detailed conditional simulation studies at Greenmount and Kuridala. 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. | |
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