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Strategic Minerals Corporation NL
Summary
| Project: | Woolgar | |
|---|---|---|
| Deposit: | Big Vein South | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/1/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 1-3-2017: Strategic Minerals Corporation NL announces a Resource Estimation report for its Big Vein South deposit at the Woolgar project. 76% increase in resource at Big Vein South. The Company is pleased to announce a resource update on the Big Vein Sout | |
| Resources: | (Resource, Total): 18.4Mt @ 2.0g/t Au for 1.173Moz Au contained at Big Vein South | |
| CP/QP: | [Resources]: Simon Tear (H&S Consultants Pty Ltd.) | |
| ABSTRACT: | The Company is pleased to announce a resource update on the Big Vein South (BVS) gold deposit in the Woolgar Project in North Queensland. The update has been prepared by H&S Consultants Pty Ltd (H&SC), an independent consultancy, on behalf of Strategic and is reported according to the 2012 JORC Code & Guidelines. H&S Consultants Pty Ltd (“H&SC”) was requested by Strategic Minerals Corporation NL (“Strategic”) to complete updated resource estimates for the Big Vein South ("BVS") gold deposit of the Woolgar Project. The project is located in North Queensland, approximately 120km north of Richmond. H&SC had completed new resource estimates for the deposit in May 2015 and updated resource estimates in November 2015. The updated resource estimates have been reported according to the 2012 JORC Code & Guidelines. Resource update incorporates the 2016 drill program that tested several areas of the previously announced Exploration Target, principally in and around the Central zone. The outcomes from the recent drilling in combination with the November 2015 drilling have allowed for increased confidence in the gold grade continuity that has permitted the conversion of a substantial part of the previous Exploration Target into Inferred Resources. A reasonable amount of infill drilling and density data is required to further upgrade the resource estimates. | |
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