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South Star Mining Corp.
Summary
| Project: | Santa Cruz | |
|---|---|---|
| Deposit: | Santa Cruz | |
| Location: | Brazil | |
| Commodities: | Graphite | |
| Date: | 7/8/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-7-2019: South Star Mining Corp. announces a Resource Estimation report for its Santa Cruz deposit at the Santa Cruz project. Upgraded mineral resource estimate. July 08th, 2019 – Vancouver, B.C. - South Star Mining Corp. (“South Star” or the “Company”) | |
| Resources: | (Resource, M+I): 14.903Mt @ 2.29% Cg for 341,240t In-situ Graphite | |
| CP/QP: | [Resources]: Luiz Eduardo Pignatari (Independent) | |
| ABSTRACT: | July 08th, 2019 – Vancouver, B.C. - South Star Mining Corp. (“South Star” or the “Company”) (TSXV: STS) (OTCQB: STSBF) is pleased to announce updated mineral resources incorporating the 2018 exploration program (Program) at its Santa Cruz Graphite Project (Project) in Bahia, Brazil. The updated mineral resource is now 3.95 million tonnes at 2.40% Cg of measured, 11 million tonnes at 2.25% Cg of indicated and 7.9 million tonnes at 2.32% Cg of inferred resources. The goals of the Program were to upgrade the resource in the São Manoel target to support the planned 2020 pilot plant operations and perform some step out drilling in the São Manoel and São Rubens targets to better understand mineralization controls, define limits and expand the overall resource estimate. The Program included field investigations along with approximately 530 meters of diamond (8 holes - HQ) and 1285 meters (32 holes) of reverse circulation (RC) drilling. Company CEO Richard Pearce stated “The results from the 2018 Exploration Program have successfully achieved our goals and objectives. The Updated Mineral Resource estimates are excellent, proving the strong geologic potential and continuity of high-quality graphite mineralization in friable, easily mined, weathered materials. We continue to find new areas with at surface mineralization, and the deposit is open both along strike and at depth. An important accomplishment of the Program was the development of an excellent preliminary outline of a higher grade mineralized zone that can be used during initial pilot plant production and the earlier stages of the life of the Project. Project operations should be amenable to low cost, open pit mining and the production of high-quality flake graphite concentrates.” | |
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