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KING RIVER COPPER LIMITED

ASX: KRC

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

King River Copper formerly known as Speewah Metals LimitedCopper / Gold

King River Copper has identified numerous locations within the Speewah Dome where high grades of Copper/Gold mineralisation have been identified at the surface. The Company has recently built a comprehensive dataset over some of these locations comprising airborne magnetics, gravity, SAM and IP surveys, surface sampling (soils and rock chips).

Previously reported surface samples had graded up to 27.5% Copper, 25 ounces/tonne Silver, 4.95 grams/tonne Gold



Titanium / Vanadium

The King River Copper Limited tenements contain one of the worlds largest undeveloped Titanium / Vanadium in magnetite deposits with combined Measured, Indicated and Inferred Resources totalling 4.7 billion tonnes at 0.30% V2O5 and 2% Ti (at 0.23% V2O5 cut-off grade) in 3 deposits. The Central, Red Hill and Buckman deposits include:
Measured Resource of 322 Million tonnes at 0.32% V2O5 and 2% Ti;
Indicated Resource of 1,054 Million tonnes at 0.33% V2O5 and 2% Ti;
Inferred Resource of 3,335 Million tonnes at 0.29% V2O5 and 2% Ti.

Metallurgical testwork has confirmed that upon separation of a magnetite concentrate the feature of the Resource is that the upgraded concentrate assays at 54.2% Fe, 2.48% V2O5 and 14.9% TiO2.

With its flat lying geometry, extensive outcrop at surface and up to 80 metres thick, the deposit has the potential for large scale mining on a low strip ratio for a long period of time.

Fluorite
Indicated and Inferred Resources of 6.7Mt at 24.6% CaF2 (at 10% CaF2 cut-off grade), comprising an Indicated Resource of 4.1Mt at 25.3% CaF2 and an Inferred Resource of 2.6 Mt at 23.6% CaF2.

Mine For

fluorite, vanadium, gold, platinum group elements, copper, silver

Location of operation(s)

Western Australia

Address

254 Adelaide Tce
PERTH, WA, Australia

Phone

(61 8) 9221 8055

Email

Website


Last Updated

28/5/2013

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.