THE DRILL SERGEANT: BCI Minerals (ASX: BCI) took receipt of positive initial iron ore drilling results from the company’s Kumina tenements in northwest Western Australia.
BCI Minerals explained the Kumina tenements comprise three granted exploration licences covering an area of approximately 480 square kilometres located approximately 50 kilometres north-east of the company’s Bungaroo South deposit.
The company recently completed a Phase 1 drilling program, consisting of 67 holes at the Kumina A deposit.
Assays results have been received for the first 42 holes, which BC Minerals claims to confirm the presence of iron ore mineralisation at shallow depth.
Best intercepts include:
38 metres at 58.3 per cent iron from surface;
30m at 58.9 per cent iron from surface;
30m at 58.6 per cent iron from surface;
28m at 59.8 per cent iron from surface;
28m at 59.2 per cent iron from surface; and
22m at 61 per cent iron from surface.
The company expects to release a Maiden Mineral Resource estimate at the Kumina A deposit and other targets by Q2 2018.
“BCI identified Kumina as a large, under-explored tenement package and successfully acquired it from Mineralogy in 2017,” BCI Minerals managing director Alwyn Vorster said in the company’s announcement to the Australian Securities Exchange.
“We are encouraged by exploration work to date, which is supporting the view that Kumina potentially hosts iron ore deposits that can increase the tonnage available to the Buckland project and improve its development case.”