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Symbol Mining Ltd.
Summary
| Project: | Imperial | |
|---|---|---|
| Deposit: | Macy | |
| Location: | Nigeria | |
| Commodities: | Zinc-Lead | |
| Date: | 3/23/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-3-2018: Symbol Mining Ltd. announces a Resource Estimation report for its Macy deposit at the Imperial project. Updated mineral resource estimate at Macy deposit. Symbol Mining Limited (ASX:SL1) Symbol or the Company) is pleased to announce it has comp | |
| Resources: | (Resource, I+I): 132.7Kt @ 18.3% Zn, 2.1% Pb | |
| CP/QP: | [Resources]: Lynn Widenbar (Widenbar and Associates Pty Ltd.) | |
| ABSTRACT: | Symbol Mining Limited (ASX:SL1) Symbol or the Company) is pleased to announce it has completed a 4,700m reverse circulation drilling programme at Macy and Aisha sites contained within the Imperial Project. Macy Development The drilling at Macy has increased the confidence in the orebody with 85% of the Zn Resource now in the Indicated category. The Company has now commenced pit optimisation, mine design and mine scheduling studies as an integral component of a Development Study to determine the economic viability of the Macy deposit. Negotiations are well advanced with the PW Group based in Abuja, Nigeria in respect of a mining contract. The Company is also currently upgrading the 12km Imperial access road and intends to commence construction of a Bailey Bridge in April 2018 to provide all weather access to the operations, exploration activities and campsite. The Company has also completed the camp accommodation and administration facilities for the increased activities associated with the drilling programmes and in preparation for transition into mining activities. | |
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