Project Enhancement Drilling Confirms High Grade Continuity

URL: https://www.ferroalloynet.com/news/project_enhancement_drilling_confirms_high_grade_continuity.html
Posted: Fri, 09 Nov 2018 01:02:00 GMT [747 days ago]
Keywords: Vanadium PentoxideVanadium
Channel: Worldwide Industry News
Tags: VanadiumVanadium Pentoxide
Summary: HIGHLIGHTS RC DRILLING SUCCESSFUL IN BOTH INFILLING AND EXTENDING DEFINED GABANINTHA MINERALISATION. CENTRAL PIT RC RESULTS CONFIRM CONSISTENCY OF GRADE AND WIDTH OF HIGH GRADE MINERALISATION ALON...

 

HIGHLIGHTS
  • RC DRILLING SUCCESSFUL IN BOTH INFILLING AND EXTENDING DEFINED GABANINTHA MINERALISATION.
  • CENTRAL PIT RC RESULTS CONFIRM CONSISTENCY OF GRADE AND WIDTH OF HIGH GRADE MINERALISATION ALONG STRIKE AND DOWN DIP.
  • DEPTH EXTENSION INTERSECTIONS 25M TO 50M DOWN DIP OF CURRENT INDICATED RESOURCE. RESULTS INCLUDE:
    • 14M AT 1.17% V2O5 FROM 208M AND
    • 12M AT 1.17% V2O5 FROM 192M.
  • RESOURCE INFILL HOLES INDICATE SCOPE TO EXTEND CENTRAL PIT INDICATED RESOURCE STRIKE LENGTH BY +300M TO THE SOUTH. RESULTS INCLUDE:
    • 16M AT 1.26% V2O5 FROM 28M AND
    • 14M AT 1.14% V2O5 FROM 90M.
  • INFILL DRILLING AT THE SOUTHERN TENEMENT INTERSECTED HIGH GRADE MINERALISATION IN EACH HOLE WITH GRADES CONSISTENT WITH, OR EXCEEDING, THE RESOURCE GRADES.

Managing Director Ian Prentice commented; “The results of the RC drilling from the stage 1 enhancement drilling program have delivered exceptional strike continuity, and down dip extension, of the massive magnetite mineralisation.

"These results are expected to materially increase the Global Resource and more importantly the Indicated Resource component, of this globally significant vanadium Project”.

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