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White Cliff Minerals Ltd.
Summary
| Project: | Coronation Dam | |
|---|---|---|
| Deposit: | Coronation Dam | |
| Location: | Australia | |
| Commodities: | Nickel-Cobalt | |
| Date: | 3/25/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-3-2019: White Cliff Minerals Ltd. announces a Resource Estimation report for its Coronation Dam deposit at the Coronation Dam project. Initial mineral resource estimate at the project. White Cliff Minerals Limited (“White Cliff” or the “Company”) is pl | |
| Resources: | (Resource, Inf): 5.7Mt @ 1.0% Ni, 0.08% Co | |
| CP/QP: | [Resources]: Christine Standing (Optiro Pty Ltd.) | |
| ABSTRACT: | White Cliff Minerals Limited (“White Cliff” or the “Company”) is pleased to report a maiden Inferred Mineral Resource reported in accordance with the guidelines of the JORC Code, for the Coronation Dam nickel-cobalt deposit. The nickel and cobalt Inferred Mineral Resource, reported above a cut-off grade of 0.8% nickel, consists of 5.7 million tonnes grading 1.0% nickel and 0.08% cobalt, containing 56,700 tonnes of nickel and 4,300 tonnes of cobalt. The main zone of mineralisation extends over 1.4 km north-south and 750 metres east-west. The vertical thickness of mineralisation ranges from several metres to a maximum of 70 metres. Mineralisation starts at surface and dips shallowly to the west. The bulk of the higher-grade mineralisation is concentrated within the centre of the deposit (see figures 2 to 6 showing depth slices of the nickel mineralisation). The deposit has only been shallowly drilled in most areas and remains open along strike and at depth. The drilling and subsequent resource modelling has identified a substantial Inferred Mineral Resource of both nickel and cobalt. The drilling and resource modelling have covered a 1.4 kilometre long section of the prospective ultramafic sequence which extends for 5.6 kilometres within the tenement. Immediately north of the Inferred Mineral Resource there are several historical drill holes with nickel and cobalt mineralisation greater than 0.8% nickel or 0.05% cobalt (figure 10). This area covers a 1.7 kilometre long section of the prospective sequence and is a priority exploration target | |
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