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King Island Scheelite Ltd

King Island Scheelite’s drilling highlights open cut potential at two tungsten deposits in Tasmania

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King Island Scheelite (ASX: KIS) has completed two minor resource delineation drilling programs around the previously closed Dolphin and Bold Head tungsten mines on King Island, Tasmania.

This has confirmed the prospectivity of both these resource areas for open cut mining.

Notable intersections from Bold Head include 1.4 metres at 7.3% WO3 from 40.1 metres and 9 metres at 1.5% WO3 from 28 metres while drilling at Dolphin West returned 14 metres at 0.4% WO3 from surface and 16.9 metres at 0.7% WO3 from 10.2 metres.
 
The shallow intersections of extremely high grade scheelite mineralisation at Bold Head also provides further evidence of the lateral extent and tenor of the scheelite mineralisation associated with the Grassy Pluton and bodes well for further exploration potential.

JORC Resource and Reserve updates based on the recent drilling will be announced when geological modelling and mine planning work has been completed.

King Island is focused on redeveloping the original scheelite mine on King Island, with the resource comprising remnant ore bodies at Dolphin, Bold Head and tailings of 9,109,000 tonnes containing 81,720 tonnes tungsten.

 

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Quick facts: King Island Scheelite Ltd

Price: $0.08

Market: ASX
Market Cap: $20.09 m
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