TSXV:JRV - Post Discussion
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MBAS on Apr 04, 2024 1:18pm
Jervois Completes Maiden JORC Resource for Sunshine at ICO,
| Jervois completes maiden JORC Resource for Sunshine at ICO, USA | | | Highlights - Inaugural JORC Mineral Resource Estimate (“MRE”) for the Sunshine deposit at Idaho Cobalt Operations (“ICO”) incorporates 1,100 meters (“m”) of verification drilling across seven drill holes
- Sunshine hosts Inferred Resources of 0.52 million metric tonnes @ 0.50% cobalt, 0.68% copper and 0.49 g/t gold; at a 0.25% Co cut-off-grade
- Inferred Resources represent Sunshine’s future potential as additional strategic, domestic United States (“U.S.”) cobalt supply to be processed at ICO’s existing surface infrastructure
- Sunshine MRE established via by United States Department of Defense (“DoD”) Defense Production Act (“DPA”) Title III US$15 million award
- Extensive historical data validated and incorporated within initial Sunshine MRE to maximise use of and leverage existing funding from U.S. DoD DPA Title III award
- Jervois continues underground development to support extensional drilling of the RAM deposit at ICO with underground drilling underway
- U.S. Government has declared cobalt a critical mineral, and a reserve or price floor to sustain domestic American production has been put forward by the U.S. Congressional Select Committee on the Chinese Communist Party
Jervois Global Limited (“Jervois” or the “Company”) (ASX: JRV) (TSX-V: JRV) (OTC: JRVMF) is pleased to announce its inaugural JORC/CIM compliant MRE for the Sunshine deposit which, along with the RAM deposit is part of its 100%-owned ICO in the U.S. This Sunshine MRE has been completed in accordance with modern international geological reporting standards, namely the Australian JORC Code 2012, the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) definition standards and best practice guidelines (2014, 2018, 2019), and is reported in accordance with the Canadian Securities Administrations National Instrument (“NI”) 43-101. | | | | Table 3: ICO Consolidated Mineral Resource Statement | | | | |
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