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re: Ann: Kamarga Drilling Update Zinc Zone Ex... MickThey will...

  1. TheColonel
    13,180 Posts.
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    26/10/11
    15:03
    Post #: 9193822
    re: Ann: Kamarga Drilling Update Zinc Zone Ex... Mick

    They will use their own drilling data to construct an inferred resource. If you see the Company Presentation released today for the Brisbane Mining 2011 conference today, they state under the heading of RMG Development Program on Page 11:

    •Subject to continued good results, the expected drill program may be sufficient to generate an Inferred Resource at JB Prospect byQ1, 2012

    •Subject to size of the Inferred Resource work will immediately be carried out to determine:
     - metallurgical characteristics of the ore
     - Scoping studies for mining
     - options for sale of the ore

    What I really like, however, is the reported results that drilling has intersected large (>100m thick) zone of zinc
    mineralisation, with multiple higher grade zones of >5% Zn over > 2m thickness.

    Question is, how big will this resource be?


    Colonel

    DYOR
    RMG Price at posting: 1.3¢ Sentiment: Hold Disclosure: Held
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