For thousands of other reports visit RSC's Mineral Intellingence Map
Strike Resources Ltd.
Summary
| Project: | Cusco | |
|---|---|---|
| Deposit: | Cusco | |
| Location: | Peru | |
| Commodities: | Iron-Silica-Aluminium | |
| Date: | 10/25/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-10-2018: Strike Resources Ltd. announces a Resource Estimation report for its Cusco deposit at the Cusco project. Annual statement of mineral resource estimate, unchanged since last estimate. Between 2006 and 2014, Strike’s primary focus was on the dev | |
| Resources: | (Resource, Inf.): 104.4Mt @ 32.62% Fe, 0.52% SiO2, 3.19% Al2O3 | |
| CP/QP: | [Resources]: Ken Hellsten (Independent) | |
| ABSTRACT: | Between 2006 and 2014, Strike’s primary focus was on the development of its Apurimac Magnetite Iron Ore Project in Peru, recognised as one of the highest grade, large scale magnetite projects in the world with the potential to support the establishment of a significant iron ore operation. Adverse market conditions however led Strike in 2014 to suspend all development activities on this and its other iron ore projects in Peru.A In early 2018 the Ministry of Transport and Communications in Peru (MOTC) announced that it is to undertake a formal study to build a multi-user railway from the inland city of Andahuaylas in southern Peru, to the mineral export Port of San Juan de Marcona on the west coast of Peru (the Andahuaylas Railway).B In October 2018, the MOTC awarded a A$13 million tender to an international consortium of engineering companies to study the feasibility of constructing the Andahuaylas Railway.C The award of the tender is regarded by Strike as an important step in progressing the Apurimac Project. Strike’s Apurimac Project is located only 20km from the city of Andahuaylas. The proposed railway (approximately 570km in length) would provide a direct link from the Project to an established mineral export port, significantly improving the Project’s development prospects. The preliminary railway route proposed by the MOTC (refer Figure 1) almost exactly mirrors the railway route proposed by SKM for Strike in 2008. Strike understands that the primary motivation behind the MOTC Andahuaylas Railway initiative is to provide economic stimulation to the relatively poorer regions of Ica, Arequipa, Ayacucho and Apurimac. | |
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