For thousands of other reports visit RSC's Mineral Intellingence Map
Strategic Minerals Corporation NL
Summary
| Project: | Woolgar | |
|---|---|---|
| Deposit: | Big Vein South | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/21/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-12-2018: Strategic Minerals Corporation NL announces a Resource Estimation report for its Big Vein South deposit at the Woolgar project. Updated mineral resource estimate at the project. The Company is pleased to announce an update to the Mineral Resou | |
| Resources: | (Resource, Total): 24.0Mt @ 1.84g/t Au doe 1.417Koz Au contained | |
| CP/QP: | [Resources]: Simon Tear (H&S Consultants Pty Ltd.) | |
| ABSTRACT: | The Company is pleased to announce an update to the Mineral Resources for 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 isreported according to the 2012 JORC Code & Guidelines and the ASX Listing Rules, Chapter 5.8.1. Outcomes of the of the 2017 BVS Resource Infill Programme The main aim of the 2017 drilling programme was to upgrade the resource estimates and provide a measure of the likely drill spacing required to convert the majority of the remainder of the deposit to Measured and Indicated Resource status, as required to commence Pre-Feasibility Studies. Further aims included assembling important information for geotechnical, metallurgical and other technical studies necessary for Feasibility and permitting, which remain ongoing. The 2017 BVS drill programme focussed on the central “Crossover” sector since this contained a significant portion of the overall resource and had been interpreted as being bound by faults to the north and south. Within the Crossover sector itself, the drilling has resulted in an increase in the amount of Indicated Resources from 17% of the sector’s resource (in 2017) to 88% of a slightly larger resource. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report