KOR 14.3% 0.8¢ korab resources limited

Current JORC resource estimates: 12.2Mt at 43.1% MgO indicated +...

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    Current JORC resource estimates: 12.2Mt at 43.1% MgO indicated + 4.4Mt at 43.6% MgO inferred.
    http://www.korabresources.com/winchester.htm

    This JORC resource is an estimated 3% of total mineralization.
    https://www.informa.com.au/insight/qa-with-andrej-karpinski-executive-chairman-of-korab-resources-ltd/

    Korab has drilled outside of its JORC resource but will need to do infill drilling to get to a JORC compliant resource for the magnesite outside of the current JORC resource. There's another magnesite deposit called Huandot to the northeast of Winchester with similar grades. If I recall correctly the step out drill holes between Winchester JORC resource and Huandot have resulted in similar grades to those of the two deposits.
    Some info on Huandot: https://www.csaglobal.com/wp-content/uploads/2015/05/CSA-Global-magnesite-presentation-MagMin-2015-Conf-20-May-2015.pdf

    2017 drilling was not aimed at magnesite but at discovery of other metals like cobalt, silver and zinc to the southeast of the magnesite resource.
    Last edited by Lemand: 17/09/19
 
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