III icon resources ltd

iii 40% increase jorc today

  1. 2,882 Posts.
    Highlights
    ? A Maiden JORC compliant Inferred Resource of 113.6Mt at 0.06% WO3, containing 68,800 tonnes of tungsten trioxide has been estimated for the primary (hard-rock) mineralisation at Mt Carbine.
    ? Estimation of the resource using a 0.05% WO3 cut-off reports 39.8Mt at 0.14% WO3 for 57,500 tonnes of tungsten trioxide beneath and adjacent to the existing open cut.
    ? Drilling confirms continuity of mineralisation which remains open at depth and to the north, and along strike to the northwest

    Managing Director Dr John Bishop said: ?This maiden JORC Inferred Resource is a 40% increase on
    our previous model and confirms the potential for significant long-term tungsten production at Mt
    Carbine.

    Newminer.
 
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