THE DRILL SERGEANT: BCI Minerals (ASX: BCI) released additional results from its Stage 2 drilling program undertaken at the company’s Kumina iron ore deposits in Western Australia.
BCI Minerals explained the Kumina 270-hole Stage 2 drilling was testing several targets.
The program claimed the discovery of the Kumina E and J deposits following on from the company’s discovery of Kumina A in its Stage 1 campaign.
BCI minerals had already released positive Kumina E drilling results and the company declared the latest results to support these results.
Initial results from Kumina J confirm the discovery of another high-grade iron ore deposit.
Best results from Kumina J include:
46 metres at 61.9 per cent iron from surface, including 12m at 63.5 per cent iron from 4m and 44m at 59.8 per cent iron from 50m;
42m at 62.2 per cent iron from 2m, 28m at 59.6 per cent iron from 50m and 14m at 58.7 per cent iron from 82m in hole
48m at 60.6 per cent iron from surface, including 20m at 62.5 per cent iron from 4m and 14m at 58.3 per cent iron from 52m;
32m at 61.6 per cent iron from surface and 38m at 58.6 per cent iron from 40m;
16m at 63.4 per cent iron from surface, including 6m at 65.9 per cent iron from surface;
14m at 63 per cent iron from surface, including 8m at 65.7 per cent iron from surface; and
12m at 64.6 per cent iron from surface.
BCI Minerals has assaying, interpretation and modelling underway as part of a maiden Mineral Resource estimate for Kumina A, E and J, which is due in June.
It also has planning well progressed for a Stage 3 drilling campaign, expected to commence in the September 2018 quarter.
“With these positive drilling results from Kumina J, we have now confirmed the discovery of two high-grade bedded iron deposits on our Kumina tenements in a short period of time,” BCI Minerals managing director Alwyn Vorster said in the company’s announcement to the Australian Securities Exchange.
“Kumina has the potential to transform the overall Buckland Iron Ore Project or to be become a standalone operation with higher quality products.”