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In exchange for publishing services rendered by the Company on behalf of Alice Queen Ltd named herein, including the promotion by the Company of Alice Queen Ltd in any Content on the Site, the Company receives from... Alice Queen Ltd's (ASX:AQX) Andy Buxton speaks to Proactive's Andrew Scott after announcing they've kicked off diamond drilling at the Horn Island Gold Project Joint Venture (JV) with St Barbara Limited (ASX:SBM) in Torres Strait, Far North Queensland. Alice Queen recently completed a resource extension drill program (six holes for 1440m) within the excluded areas and is awaiting assay results. In its quarterly update Ausmex sa... Website By Ideazine Graphics Under the joint-venture entered into in 2019, St Barbara must spend $500,000 in the first year and this was achieved in February 2020. It was named Horned Island in 1803 by the explorer, Matthew Flinders, because of a raised part of the island. The Bundarra project – centred on the historic Mount Flora mine – includes the Bunda... Chinova Resources aims to reopen Starra Line mines in 2021 to continue to feed the 2Mtpa copper-gold flotation plant at Osborne, 150km south of Cloncurry. Horn Island (Qld.) The work program follows on the success of the recently completed 2020 financial year exploration program, Alice Queen has drill spinning at copper-gold projects in Northern Molong Volcanic Belt of NSW, Alice Queen starts diamond drilling for copper-gold in maiden Boda East campaign. The operations covered include Lady Loretta, Mount Isa Mines and Ernest Henry Mine in North-West Queensland as well as McArthur River Mine (NT) and CSA Mine (NSW). The joint venture is now in its second year. The joint venture will see St Barbara spend $4 million over three years on the gold project to earn a 70 per cent stake of of areas outside of excluded zones, including the existing inferred resource. Salt Lake Potash's Lake Way project is mostly derisked, so where's the re-rating? Over 5000 men and women served on Horn Island, including 830 men from the Torres Strait Light Infantry Battalion.
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Phase one of its Horn Island resource reverse circulation (RC) infill drill program of 33 holes for 4100m is being mobilised to commence shortly. Alice Queen today reported the 4,500m 14-hole program, which was scheduled to start in October, commenced on Sunday 27 September. Horn Island was described in the 1903 Australian handbook: When the Pacific War was declared in 1941 Horn Island was a significant northern outpost with enough level space for an airfield. It follows the recent completion of a 1,440m six-hole resource extension drill program within the excluded areas, of which all core has been processed and first assays are expected in late October.
That maiden diamond core drill program began on September 27 and will include up to 14 holes for 4500m. Highlights of the 2021 work program will include: ➢ A two-stage diamond drill program of up to 14 holes for 4,500 metres designed to test two dipole-dipole induced polarisation (DDIP) high-priority targets near the Horn Island gold resource; and. Recent drilling at the Plateau project in North Queensland has strengthened Rockfire Resources’ belief in the deposit’s potential, says chief executive officer David Price. Alice Queen also has a joint venture arrangement with St Barbara over a separate area of Horn Island. Phase one of the resource reverse circulation (RC) infill drill program of 33 holes for 4,100 metres is planned to begin next months with equipment being mobilised to the site.
The maiden diamond core drill program... Only registered members can use this feature. St Barbara had earlier confirmed up to $2 million for further drilling to test both targets. Create your account: sign up and get ahead on news and events. Alice Queen Ltd's joint venture partner St Barbara Ltd (OTCMKTS:STBMF), a mid-tier gold miner, has confirmed plans to complete the 2021 financial year … Notes 'March 1987' Spiral binding.
The larger diameter diamond core program was utilised to provide sufficient material for bulk ore sorting test work with Tomra. Alice Queen’s managing director said: “St Barbara’s commitment to FY21 drill programs, validates the company’s long-held view of the exploration model and potential of Horn Island.”. Alice Queen steps up exploration in Molong Volcanic Belt within premier porphyry gold-copper province. Danica has extensive experience writing and editing business news in the Oceanic and Southeast Asian regions. All Rights Reserved - Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654. Having raised $7 million in August the company has sufficient funds to pursue exploration at multiple project locations as it seeks to add value for shareholders in the medium term. If successful, it may significantly reduce the scale and cost of the processing plant that may be required as well as providing potential operating cost savings.
It is a short way east of Thursday Island and 20 km from the nearest tip of Cape York. Alice Queen, via its subsidiary Kauraru Gold, has the right to continue with its 30% stake of further expenditure to maintain its equity position through to production. Horn Island was described in the 1903 Australian handbook: Alice Queen and joint venture partner St Barbara have kicked off a maiden diamond core drill program ahead of schedule at Horn Island. Following the placement, the company has sufficient funds to pursue exploration programs at multiple project locations and is actively doing so in order to seek to continue to add value for shareholders in the medium term. Nov 06, 2020. The company’s nearby Mendooran project is drill ready and plans are in place for the start of a maiden drill program in November 2020 to test eight high-priority copper-gold porphyry targets. Small Caps is Australia's #1 site for market news & information on ASX listed small cap companies. Orica has an existing supply agreement with Glencore’s nickel ... Website By Ideazine Graphics to receive updates directly to your inbox. Mid-tier gold miner St Barbara entered into a joint venture with Alice Queen in June 2019 to earn 70% of areas outside of specific excluded zones by spending $4 million over three years. Data delayed 15 minutes unless otherwise indicated. Alice Queen steps up exploration in Molong Volcanic Belt within premier porphyry gold-copper province. Small Caps and affiliated companies accept no responsibility for any claim, loss or damage as a result of information provided or its accuracy. The information provided on this site is general in nature, not financial product advice, see a financial expert before making any investment decision.
“The IP anomalies that we are targeting with the drilling are of a significant scale so we are all very optimistic about the potential of this program to expand on the already very exciting Horn Island story,” he said. All rights reserved.
Alice Queen intends to utilise the $200,000 NSW New Frontiers Cooperative Drilling Grant to offset the cost of this program. colloform quartz material from the Horn Island phase 1 drilling program are currently being reviewed and further updates on these activities will be released to ASX in the near term. • Gold first discovered on Horn Island in 1894 and the first bulk mining undertaken in 1907 • 1987 Torres Strait Gold Pty Ltd (subsidiary of Augold NL and Giant Resources) started openpit mining. It was stated that there were 5000 historic sites across Horn Island. Eagle Mountain Mining Limited (ASX: EM2) has announced high-grade assays including 4.56m at 5.28% Cu, 50.7 g/t Ag, and 0.77g/t Au from 184m, from the initial two diamond holes at the Company’s 80% owned Oracle Ridge Mine Project in Arizona,… 3:00PM. (6Mt excavated, 600,000tonnes processed, 25,000 …