Metallica Produces Maiden Silica Sand Resource
Metallica Minerals Limited (ASX: MLM) has produced a Maiden JORC Inferred resource of 12.85 million tonnes @ 99.28% SiO2 for its 100% owned Cape Flattery Silica Sand Project (CFS) in Queensland, Australia.
This result has been based on hand auger work completed in previous programmes after Metallica decided to have the previous auger results examined following COVID-19 delays to the signing of the Conduct & Compensation Agreement (CCA) with Traditional Land Owners.
With planning well underway for a drilling programme with up to 25 drill holes on the tenement adjacent to Mitsubishi’s world class project, Metallica said it is encouraged by the initial JORC estimate and is looking forward to the more extensive and deeper drill program results.
Resource Summary
On January 17, 2020, Metallica advised the ASX that a sampling programme completed in the last quarter 2019 at CFS in Far North Queensland had confirmed the presence of high purity silica sands.
This exploration programne consisted of eight hand auger holes to a maximum depth of 5m within the CFS Eastern Exploration Target area of the tenement.
The independent assessment of this auger hole drilling was conducted by consultants Ausrocks Pty Ltd. The final marketable product being sought is a high silica (SiO2) grade sand, the SiO2 content by percentage would be used to quantify in-situ material as a resource. Cut-off grades were adopted based on analysis of raw assay data and grade tonnage plots completed on the block model to optimise the average SiO2 grade and quantity of the resource at varied reporting levels.
