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Bauxite Resources detects new bauxite reserve at Ceres
Edited by : AL CIRCLE
2 min read
Bauxite Resources (ASX: BAU) has identified potential for a major bauxite resource at the company’s Ceres Prospect in Western Australia’s southwest.
A preliminary review of data collected in a 7,923.5 metre drilling program has been carried out, identifying thick, high grade bauxite close to the surface.
A bauxite horizon has been encountered over an area of 3,500 hectares, with seams up to 8 metres in thickness and at grades of up to 42.4% without beneficiation.
About 14% of holes drilled contained alumina grades of 25% or greater, in more than 2 metres thickness.
The mineralisation begins within 0.5 metres of the surface, with overburden of less than 2 metres throughout the majority of the mineralised area, reducing potential excavation costs.
Mineralisation identified on the private land has the potential to add to Bauxite Resources’ existing geological resources at Ceres. Importantly, the majority of the tenement area is untested for bauxite.
Bauxite Resources is aiming to define a JORC Resource in the June quarter of 2012, following the completion of geological modelling.
The 2011 drilling program focused on a number of large private landholdings which are located close to the Perth to Albany highway, and about 30 kilometres from existing heavy rail and associated infrastructure.
A preliminary review of data collected in a 7,923.5 metre drilling program has been carried out, identifying thick, high grade bauxite close to the surface.
A bauxite horizon has been encountered over an area of 3,500 hectares, with seams up to 8 metres in thickness and at grades of up to 42.4% without beneficiation.
About 14% of holes drilled contained alumina grades of 25% or greater, in more than 2 metres thickness.
The mineralisation begins within 0.5 metres of the surface, with overburden of less than 2 metres throughout the majority of the mineralised area, reducing potential excavation costs.
Mineralisation identified on the private land has the potential to add to Bauxite Resources’ existing geological resources at Ceres. Importantly, the majority of the tenement area is untested for bauxite.
Bauxite Resources is aiming to define a JORC Resource in the June quarter of 2012, following the completion of geological modelling.
The 2011 drilling program focused on a number of large private landholdings which are located close to the Perth to Albany highway, and about 30 kilometres from existing heavy rail and associated infrastructure.
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