ASX/TSX-V: JRV
HIGHLIGHTS
- Jervois has commenced a 2,000m
diamond core drilling programme at Idaho Cobalt Operations ("ICO"),
targeting the main lens of the Ram deposit for metallurgical
samples and testing the footwall at depth
- Planning for further infill drilling at Ram is underway to
focus on improving the existing resource model within early mining
ore source areas; 3,400m envisaged
and the Jervois Board has approved up to an additional US$1.0 million in drilling costs as part of ICO
Feasibility Study ("FS") budget
- Drilling expected to be complete in October 2019; results to feed into Jervois' ICO
FS update due for release at end Q1 2020
MELBOURNE, Australia, Aug.
6 2019 /CNW/ - Jervois Mining Limited (ASX:JRV) (TSX-V: JRV)
("Jervois") (the "Company") has commenced an initial 2,000 metre
diamond core drilling programme at its ICO in the United States, primarily to supply
metallurgical samples for testwork to support the FS update
currently underway.
Most of the core will be drilled by large diameter PQ size to
enable sufficient ore samples for comminution and flotation
testing. In addition, HQ core will extend several holes to
test for the existence of footwall lenses at depth, which is
present in the southern areas of the Idaho Cobalt Belt.
In addition, Jervois is planning an infill drilling programme of
up to 3,400 metres of HQ size diamond core drilling, which will
follow on from the metallurgical drilling. This programme
will target the existing resource model within initial ore source
areas envisaged in the first years of the mining at ICO to increase
the level of geological confidence from such areas.
Following the completion of the drilling programme, anticipated
end of October 2019, an updated
resource model will be produced to feed into mine planning for the
FS, which is due for completion and release at end of Q1 2020.
Qualified Person's Statement
The technical content of this news release has been reviewed
and approved by Dean Besserer,
P.Geol., the Technical Advisor of the Company and a Qualified
Person as defined by National Instrument 43-101
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This news release may contain certain "Forward-Looking
Statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and applicable Canadian
securities laws. When used in this news release, the words
"anticipate", "believe", "estimate", "expect", "target, "plan",
"forecast", "may", "schedule" and other similar words or
expressions identify forward-looking statements or information.
These forward-looking statements or information may relate to
drilling work to be undertaken on the ICO, the reliability of
third party information, and certain other factors or information.
Such statements represent the Company's current views with respect
to future events and are necessarily based upon a number of
assumptions and estimates that, while considered reasonable by the
Company, are inherently subject to significant business, economic,
competitive, political and social risks, contingencies and
uncertainties. Many factors, both known and unknown, could cause
results, performance or achievements to be materially different
from the results, performance or achievements that are or may be
expressed or implied by such forward-looking statements. The
Company does not intend, and does not assume any obligation, to
update these forward-looking statements or information to reflect
changes in assumptions or changes in circumstances or any other
events affections such statements and information other than as
required by applicable laws, rules and regulations.
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SOURCE Jervois Mining Limited