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Sabre Resources Ltd.
Summary
| Project: | Sherlock Bay | |
|---|---|---|
| Deposit: | Sherlock Bay | |
| Location: | Australia | |
| Commodities: | Nickel-Copper-Cobalt | |
| Date: | 6/12/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-6-2018: Sabre Resources Ltd. announces a Resource Estimation report for its Sherlock Bay deposit at the Sherlock Bay project. Updated mineral resource estimate at Sherlock Bay. The Directors of Sabre Resources Limited (ASX: SBR) are delighted to announ | |
| Resources: | (Resource, Total): 24.6Mt @ 0.40% Ni, 0.09% Cu, 0.022% Co | |
| CP/QP: | [Resources]: Paul Payne (Payne Geological Services) | |
| ABSTRACT: | The Directors of Sabre Resources Limited (ASX: SBR) are delighted to announce that the Company has completed a resource estimate update for the Sherlock Bay nickel-copper-cobalt deposit located on its Sherlock Bay Project in the Pilbara region of Western Australia (Figure 1). The resource estimate is now stated in compliance with the JORC Code (2012). The updated total Mineral Resource (see Table 1) is 24.6 million tonnes grading 0.4% nickel, 0.09% copper and 0.02% cobalt. The deposit contains approximately 99,200 tonnes of nickel, 21,700 tonnes of copper and 5,400 tonnes of cobalt metal. The Sherlock Bay Project is located in the Pilbara region of Western Australia, approximately 75 km to the east of the town of Karratha and 120 km southwest of Port Hedland (Figure 1). The Project comprises a mining lease and two exploration licenses that collectively cover a total of 189 km2 . The project is located in a region with excellent mining-related infrastructure and can readily be accessed via sealed highway and upgraded pastoral station tracks. An updated Mineral Resource estimate has been completed for the Sherlock Bay nickel-cobalt-copper deposit in the Pilbara Region of Western Australia. The deposit is hosted within the Archaean West Pilbara Granite-Greenstone Belt. It comprises two main lenticular lodes (termed Discovery and Symond’s Well) hosted within a sub-vertical to steep north dipping chert horizon with a combined strike length of 1,600 m. Mineralised widths are variable but in the higher grade portions of the main zones can be up to 30 m and are continuous down dip in excess of 500 m in places. The Sherlock Bay deposit was initially discovered and defined by Texas Gulf in the 1970’s. Additional drilling was carried out by Sherlock Bay Nickel Corporation (“SBNC”) between 2003 and 2007. The resource is now defined by a total of 201 drill holes for 31,092 m. | |
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