26 FEBRUARY 2013Yahoo Finance
Bauxite Resources Limited Drilling Commenced on New Bauxite Prospect
Edited by : AL CIRCLE
2 min read
Bauxite Resources Limited has commenced a program of work on exploration licence E70/2230 (known as Fortuna), adjacent to the 73.3Mt Felicitas bauxite resource. The bauxite rights to the Fortuna prospect are entirely BRL's while the Felicitas resource forms part of the Company's joint venture with Yankuang Resources Pty Ltd, the Bauxite Alumina Joint Venture ("BAJV") in which BRL has a 30% interest.
BRL's Fortuna bauxite drilling program consists initially of approximately 300 vacuum drill holes on 160 x 80 metre spacing for an estimated 2,000 metres. Drilling is scheduled to be completed by end of March, 2013. The drilling program will cover an area of predominantly cleared farmland of approximately 320 hectares and is designed to test the lateral extension of the Felicitas bauxite deposit. Felicitas is considered to have further resource growth potential as drilling programs to date have only tested a proportion of mapped laterite within the project area. The Company considers exploration on Fortuna a significant step forward for the Company.
The Felicitas deposit is situated on granted exploration tenements E70/3159, E70/3900 and E70/4021. It is comprised of a bauxite horizon of 2m to 16m thickness that is typically covered by 0.5m to 2m of loose overburden. The initial resource estimate, completed by Runge Limited, was based on 3,624 vertical holes drilled for 24,085 metres on a nominal 80m x 80m drill pattern. The available alumina and reactive silica results quoted are based on low temperature bomb analysis (143°C), and the results indicate that the majority of alumina present is as the tri-hydrate mineral gibbsite.
The deposit exhibits relatively low reactive silica levels, and the ratios of available alumina to reactive silica of nearly 16:1 are considered to be suitable in either a low temperature or a high temperature refinery.
The deposit is considered to have further resource growth potential as drilling programs to date have yet to fully test the lateral extent of the mineralisation and it is therefore not closed off.
BRL's Fortuna bauxite drilling program consists initially of approximately 300 vacuum drill holes on 160 x 80 metre spacing for an estimated 2,000 metres. Drilling is scheduled to be completed by end of March, 2013. The drilling program will cover an area of predominantly cleared farmland of approximately 320 hectares and is designed to test the lateral extension of the Felicitas bauxite deposit. Felicitas is considered to have further resource growth potential as drilling programs to date have only tested a proportion of mapped laterite within the project area. The Company considers exploration on Fortuna a significant step forward for the Company.
The Felicitas deposit is situated on granted exploration tenements E70/3159, E70/3900 and E70/4021. It is comprised of a bauxite horizon of 2m to 16m thickness that is typically covered by 0.5m to 2m of loose overburden. The initial resource estimate, completed by Runge Limited, was based on 3,624 vertical holes drilled for 24,085 metres on a nominal 80m x 80m drill pattern. The available alumina and reactive silica results quoted are based on low temperature bomb analysis (143°C), and the results indicate that the majority of alumina present is as the tri-hydrate mineral gibbsite.
The deposit exhibits relatively low reactive silica levels, and the ratios of available alumina to reactive silica of nearly 16:1 are considered to be suitable in either a low temperature or a high temperature refinery.
The deposit is considered to have further resource growth potential as drilling programs to date have yet to fully test the lateral extent of the mineralisation and it is therefore not closed off.
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