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Strategic Minerals Plc
Summary
| Project: | Leigh Creek | |
|---|---|---|
| Deposit: | Leigh Creek | |
| Location: | Australia | |
| Commodities: | Copper | |
| Date: | 2/18/2019 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-2-2019: Strategic Minerals Plc announces an Exploration/Drilling Update report for its Leigh Creek deposit at the Leigh Creek project. Drilling results incl. 28.4m @ 1.17% Cu from 17.3m. Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a producing mine | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: David Larsen (D&J Larsen Consulting Pty Ltd.) | |
| ABSTRACT: | Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a producing mineral company acvely developing projects prospecve for baery materials, is pleased to announce the assay results from the full diamond drill programme at Paltridge North and the first diamond drill hole from Rosmann East. The Paltridge North assays support the historic results and highlight areas of higher-grade copper (including 1m @ 8.7%). The Inial Rosmann East hole extends mineralisaon significantly below the exisng pit floor and an addional 6 holes have been completed with results to follow. "The Paltridge North deposit assays, arising from the first diamond drilling programme for 32 years, have delivered beer than expected results and provide the SML Board confidence that Paltridge North could be a significant copper producer in the near future. "Addionally, the assays from the first hole at the Rosmann East deposit support potenal addional mineralisaon below the exisng open pit floor. This is good news due to the ease of accessibility to this ore. "Management and the Board look forward to restarng the Mountain of Light operaons in the first half of 2019 and moving into long term, higher volume producon at a later date." 1.1 Paltridge North Infill Drill Programme Ten PQ3 (83mm diameter) diamond drill holes, for a total of 496.2m, were completed at Paltridge North in August 2018 with the aim of providing metallurgical samples, resource confirmaon and geotechnical data for the feasibility study due for compleon in the laer half of 2019. The assays have been received as part of the metallurgical testwork and are summarised below. 1.2 Results The full assay results are now available and are summarised in the table below. | |
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