Ventnor Resources Ltd (ASX:VRX) has been granted a program of work (PoW) for exploration on both Arrowsmith North and Arrowsmith Central prospects at the Arrowsmith Silica Sand Project in Western Australia.
Drilling will commence in September subject to the ground drying out in compliance with Ventnor’s Dieback Management Plan.
This plan, which has been accepted by DMIRS (Department of Mines, Industry and Safety) and added to the tenement conditions for the PoW areas, requires drilling to be undertaken in dry conditions.
CSA Global has been engaged to estimate a JORC-2012 compliant maiden resource for the Arrowsmith North and Central areas, utilising the existing hand auger data.
Ventnor expects this to be estimated to an inferred level of confidence and completed in the current calendar quarter.
The company has conducted preliminary test work programs that indicate the deposits at the Arrowsmith Project can be upgraded to glassmaking silica sand requirements.
A further iteration of test work is underway, which will facilitate the determination of final products and finalisation of the proposed processing circuit design.
READ: Ventnor Resources acquires silica sand project near Perth
Ventnor managing director Bruce Maluish said: “The approved POW now allows us to undertake drilling programs targeting a JORC-2012 compliant mineral resource to an indicated category.
“In addition to the mineral resource estimations, drilling, assays and a third iteration of test work are expected to be completed before the end of the year and will all contribute to a near term feasibility study on the Arrowsmith Silica Sand Project.”
Maluish will present at this month's Proactive Investors CEO Sessions.
Register today to find out more.
Sydney details, Monday, August 20, 2018
Melbourne details, Tuesday, August 21, 2018
Or call John Phillips on (02) 9280 0700
The Proactive CEO Sessions will feature five presenting companies in total.