End-of-day quote. End-of-day quote  - 09/23
0.031AUD -3.13%

Jadar Resources Limited Announces Tierra Blanca Silver-Zinc-Lead Project Exploration Update

04/11/2021 | 07:13pm
Jadar Resources Limited announce that preparation for the Company's upcoming drill campaign at the Tierra Blanca Silver-Zinc-Lead Project is now underway with a comprehensive Land Use Agreement signed between Jadar and the surface rights owner and an exploration camp established to facilitate activities. Tierra Blanca is an outcropping polymetallic Silver-Zinc-Lead Project located close to infrastructure in the prolific mining district around the City of Chihuahua in Chihuahua State, Mexico. Preparation for a drilling campaign is underway at Jadar's Tierra Blanca Silver-Zinc-Lead Project in Chihuahua, Mexico, and an exploration camp established. A comprehensive Land Use Agreement has been signed between Jadar and the surface rights owner that also allows for the eventual mining operations at Tierra Blanca. Rehabilitation of old workings has allowed for easy survey and mapping of the surface area of the licence and underground workings to be conducted. Tierra Blanca is confirmed to exhibit an outcropping breccia "pipe" of up to 20 metres in width. Drilling permit application for an initial 1,500 diamond drilling (DD) metre campaign will be submitted in early May with drilling anticipated to commence July 2021. The drilling campaign is designed to test downdip extensions of a steeply dipping breccia pipe, below shallow old workings that extended no more than 40 metres from surface. Exploration work at the Tierra Blanca Project commenced in late February 2021, and since that time, roads have been upgraded to provide better access to site, additionally a mining camp has been established within 2 kilometres of the existing portal. The Company has executed a comprehensive land use agreement with the owner of the surface rights, which provides for use of the land from exploration, through to mine construction, mining operations and rehabilitation. Rehabilitation of the old underground workings has been completed with survey and mapping of the surface area of the licence and underground workings conducted. The workings are more extensive than previously anticipated, and have demonstrated intensive mineralisation over 4 levels separated by 10 metre intervals, with levels 3 and 4 demonstrating intensive sulphide mineralisation. Activities to date have focused on securing void spaces, building secure wooden ladders in vertically dipping workings, and clearing unsafe rock in order to facilitate further exploration activities. This rehabilitation work has allowed the survey and mapping of the underground workings in parallel with mapping of the extensive outcrop of the mineralized system.
© S&P Capital IQ 2021
Copier lien
7d ago