- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
i-minerals Begins Drilling of Bovill Kaolin Deposits to Upgrade Halloysite Resource
i-minerals inc. (CVE:IMA) reported drilling of Bovill Kaolin deposits have began with the objective of upgrading portions of the inferred resource to an indicated resource.
The press release is quoted as saying:
As noted in the December 1, 2010, press release, previous drilling had resulted in an inferred resource contained of 38.4 million tons of primary clay in four areas: WBL, Middle Ridge, Kelly’s Hump and Scablands. The current drill program will focus on drilling the WBL and Middle Ridge areas at 200-foot centers such that the primary clay contained in these deposits may be upgraded to an indicated resource. SRK Engineering (USA) inc. has provided collar locations for the 66 drill holes (21 holes at WBL and 45 holes at Middle Ridge) required to upgrade both deposits. The PEA contemplated the primary clays would be mined at a rate of about 900 ton per day. This mining rate, if applied to the inferred resource of 8.9 million tons as estimated by SRK for the WBL and the Middle Ridge areas only, would support a minimum of 28 years of mining activity.
i-minerals’ President and CEO, Thomas Conway said:
“Now that we have defined a process to accurately estimate our halloysite vs. kaolinite content in a comparatively timely fashion we can confidently advance the primary clay deposits that comprise our Bovill Kaolin Project.” “Work completed to date at Ginn Mineral Research and Durtec indicates we have a premium quality halloysite with a better aspect ratio (ratio of length to diameter of the tube) and lower levels of trace elements when compared to halloysite deposits from around the world, and at the end of the resource calculation we will have a strong estimate of how many tons of this premium halloysite product are contained within the WBL and Middle Ridge portions of the Bovill Kaolin Project.”
Click here to access the entire news release.
Click here to access i-minerals’ company profile.(TSXV:IMA)
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.