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Strategic Minerals Corporation NL
Summary
| Project: | Woolgar | |
|---|---|---|
| Deposit: | Big Vein South | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/10/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-3-2020: Strategic Minerals Corporation NL announces a Resource Estimation report for its Big Vein South deposit at the Woolgar project. Updated Mineral Resource Estimate at Big Vein South. The Company is pleased to announce an update to the Mineral Re | |
| Resources: | (Resources, Total): 23.8Mt @ 1.81g/ Au (1,384koz Au) | |
| CP/QP: | [Resources]: Simon Tear (H&SC 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 is reported in accordance with the 2012 JORC Code & Guidelines and the ASX Listing Rules, Chapter 5.8.1. The main aim of the 2019 drilling programme was to upgrade the resource estimates and confirm 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 and Probable Ore Reserve determination. The 2019 infill drilling program followed-up on the very successful 2017 drilling program and subsequent resource update in 2018 where the majority of the drilling was focussed on the central Crossover sector of the resource. The 2019 program targeted the area north of and around the Crossover, considered likely to be the initial focus for mine planning. | |
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