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Quest Minerals Ltd.
Summary
| Project: | Victory Bore | |
|---|---|---|
| Deposit: | Victory Bore | |
| Location: | Australia | |
| Commodities: | Vanadium-Titanium | |
| Date: | 8/28/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-8-2017: Quest Minerals Ltd. announces an Exploration/Drilling Update report for its Victory Bore deposit at the Victory Bore project. Drilling results incl. 64m @ 0.91% TiO2 from 36m. Quest Minerals Limited (QNL or Company) (ASX: QNL) announces that it | |
| Resources: | (Resource, Inf.): 151Mt @ 25% Fe, 0.44% V2O5, 6.73% TiO5, 0.013% P, 28.6% SiO2, 14.8% Al2O3 | |
| CP/QP: | [Overall Report]: Dennis Gee (Not stated) | |
| ABSTRACT: | Quest Minerals Limited (QNL or Company) (ASX: QNL) announces that it has completed a program of 1,100 meters of RC drilling at the Victory Bore Project 40 km southwest of Sandstone. The drilling program had two objectives - to follow up on interesting historical gold intersections in RC drilling of the early 1990s, and secondly to test for previously undrilled magnetite lenses outside of the vanadium-titanium resource. Drilling finished on 29 July with eleven angled RC holes each to 100 meters comprising infill and extensions around the previous gold hits. As reported in the QNL ASX release of 12 July 2017 these historical drill holes were drilled into a low-level saprolite gold anomaly identified by scout RAB drilling. Two historical RC holes on lines 200m apart reported interesting intersections in four-meter composites within a general low-level background. Such results warranted further follow-up drilling by Quest. These new holes have been logged on one-meter intervals and fourmeter composite samples have been analysed for Au, Ag, As, Cu, Fe, Ni, Co, Pt, Pd, S, Ti and V. Analytical results have now been received by Quest. Whilst encountering low-level background gold anomalism, the analyses have failed to find further significant intersections of gold. These results indicate that any gold system here is localized and not continuous between the two historic lines. These results do not warrant further drill-testing of the gold anomaly. | |
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