Suche
 
Folgen Sie uns auf:

White Cliff Minerals Ltd: Quarterly Report for the Period Ended 30 June 2018

31.07.2018  |  ABN Newswire
Perth - White Cliff Minerals Ltd. (ASX:WCN) provides the Company's Quarterly Report for the period ended 30 June, 2018.

Highlights

- 2,869 metre drilling program delivers substantial mineralisation at the Coglia Well cobalt- nickel project in Western Australia

- 5,000 metre drilling program intersects wide intervals of mineralisation at the Coronation Dam cobalt-nickel project in Western Australia

- Inferred Gold Mineral Resource increases 60% to 484,000 ounces of gold (3Mt at 5.1 g/t gold) at the Aucu gold deposit in the Kyrgyz Republic

- Inferred Copper Mineral Resource increases 46% to 64,000 tonnes of contained copper at the Chanach Copper Deposit in the Kyrgyz Republic

Summary

Australian Cobalt-Nickel Projects (100% owned)

During the June quarter assay result were received from a 2,869 metre drilling program completed at the Coglia Well cobalt and nickel project in the March quarter. Drilling identified widespread cobalt and nickel mineralisation within the regolith profile above an ultramafic unit. Drilling also identified significant copper anomalism more usually associated with nickel sulphide mineralisation.

Initial drilling results were also received from a 5,000 metre program conducted at the Coronation Dam cobalt and nickel project. Initial assays received from the RC program have returned shallow and wide intervals of cobalt and nickel mineralisation, confirming the project's prospectivity and potential to host an economic resource.

Kyrgyz Republic Aucu Gold Project (90% owned)

The Company completed an updated mineral resource estimate based on drilling completed during the 2017 field season. The updated inferred gold resource using a lower cut-off grade of 1 g/t gold consists of 2.95 million tonnes grading 5.1 g/t gold containing 484,000 ounces of gold. The new resource represents a 60% increase in contained gold ounces over the previous gold resource of 302,000 ounces reported in April 2017.

This latest resource estimate also identified a new inferred copper resource, using a lower cut of grade of 0.25% copper, of 17.2 Mt tonnes at 0.37% copper, containing 64,000 tonnes of copper. The new copper resource represents a 46% increase in contained copper over the previous contained copper resource of 44,870 tonnes reported in April 2017.

To view the full report, please visit:
http://abnnewswire.net/lnk/772672U5



About White Cliff Minerals Ltd:

White Cliff Minerals is a Gold, Copper, Cobalt, Nickel resources and mining company listed in Australia (ASX:WCN). The Company is focused on developing low cost high value mineral deposits that have near term cash flow potential.

Major projects include the Aucu gold deposit that contains 484,000 ounces of gold (3mt at 5.1 g/t) starting at surface and Chanach copper deposit that contains 64,000 tonnes of copper (17.2Mt at 0.37% copper). Both projects have substantial blue sky potential with drilling covering only 5% of the known structures. In Australia the company is developing the Coronation Dam cobalt–nickel deposit where a maiden resource will be announced in the late 2018.



Source:

White Cliff Minerals Ltd.



Contact:

Todd Hibberd Managing Director T: +61-8-9321-2233 E: info@wcminerals.com.au W: www.wcminerals.com.au

Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!




Mineninfo
White Cliff Minerals Ltd.
Bergbau
A0M7E0
AU000000WCN6
Minenprofile
Alle Angaben ohne Gewähr! Copyright © by GoldSeiten.de 1999-2024.
Die Reproduktion, Modifikation oder Verwendung der Inhalte ganz oder teilweise ohne schriftliche Genehmigung ist untersagt!

"Wir weisen Sie ausdrücklich auf unser virtuelles Hausrecht hin!"