The Conversation (0)
Bacanora Minerals Ltd. (TSXV:BCN) has commenced drilling at its Magdalena borate project. Following completion of that drill program, the rig will move to Bacanora’s La Ventana lithium deposit to conduct infill drilling in support of pre-feasibility work.
Bacanora Minerals Ltd. (TSXV:BCN) has commenced drilling at its Magdalena borate project in Mexico. Following completion of that drill program, the rig will move to Bacanora’s La Ventana lithium deposit to conduct infill drilling in support of pre-feasibility work.
As quoted in the press release, the drill program will include:
- 1,000 metres of HQ-core drilling at the Magdalena Borate Project (100 % owned by Bacanora) in order to define and outline the second borate bearing target (Unit B) at the most advanced target, the El Cajon borate deposit;
- 15 holes at La Ventana ranging between 80 metres and 120 metres. This infill program is designed to upgrade certain sections of the resource to the higher “measured” resource category which will underpin the mine design in particular the open pit mine plan and production scheduling; and
- 25 holes at the Buenavista concession ranging between 30 metres and 50 metres with the aim of defining a NI 43-101 compliant lithium resource to add to the already defined indicated lithium mineral resource of 3.28 million tonnes (“mt”) of lithium carbonate equivalent (“LCE”)1 on La Ventana and the Mexilit concessions. Drilling will utilize a reverse circulation rig, which has today been mobilized to site, with drilling due to begin this week. The program will be the first drill test of clay zones exposed over an area of 6 km by 1.25 km, and within which previous surface sampling returned lithium values of up to 1,700 ppm. The drilling at Buenavista utilizes the funds previously supplied by REM.
Bacanora chairman, Colin Orr-Ewing, said:
We are pleased to have taken the first steps of the 5,000 metre drilling program that we announced in late September. The drilling program at La Ventana is designed to further advance and upgrade our lithium resource, as well to support the pre-feasibility study as we advance the project towards commercialization. In addition, the drilling at Magdalena further supports the pre-feasibility work being undertaken on the project.
Click here to read the Bacanora Minerals Ltd. (TSXV:BCN) press release
