THE DRILL SERGEANT: BCI Minerals (ASX: BCI) released further results from phase 1 drilling at the Kumina A deposit within the company’s Kumina tenements in Western Australia.
BCI Minerals’ Kumina tenements comprise three granted exploration licences covering an area of approximately 480 square kilometres, located approximately 50km north-east of the company’s Bungaroo South deposit.
Iron ore deposits discovered at Kumina are intended to become part of BCI’s Buckland project, where the company is targeting a 15 million tonnes per annum operation for 15 years from Bungaroo South, Kumina and other deposits for export through its proposed Cape Preston East Port.
The company said that assays from the final 25 holes of Kumina A phase 1 drilling had confirmed the presence of further Channel Iron Deposit (CID) mineralisation from surface.
Best results included:
34m at 59.1 per cent iron from surface; and
34m at 58.7 per cent iron from surface.
Further activities included mapping and rock chip sampling at other Kumina targets, which also confirmed the presence of higher grade Bedded Iron Deposits (BID) in the Brockman Iron Formation.
Best rock chip results were from Target E and included 67.2 per cent iron, 65.2 per cent iron and 64.3 per cent iron and Target J, which included 65 per cent iron, 64.9 per cent iron and 64.2 per cent iron.
“Kumina exploration results continue to meet and exceed BCI’s expectations,” BCI Minerals managing director Alwyn Vorster said in the company’s announcement to the Australian Securities Exchange.
“We are increasingly confident that Kumina can deliver sufficient tonnage of good quality iron ore to support a viable 15 million tonnes per annum operation at Buckland and development of the strategic Cape Preston East Port.”