The JORC 2012 resource for the Muchea Silica Sand Project has been upgraded to 208 million tonnes at 99.6% silica comprising an indicated resource of 29 million tonnes at 99.6% silica and an inferred resource of 179 million tonnes at 99.6% silica.
Muchea silica sand resource as at June 2019
VRX managing director Bruce Maluish said: “This drill program is over an area of 217 hectares, which is still only a small portion of the 2,900 hectares Mining Lease Application area.
“Test work indicates that high-grade silica sand can be produced from Muchea for which there is strong demand for glassmaking in Asia.
“With low variability of results over the resource area our expectation is that the majority of the indicated resource will convert to probable reserves in our impending BFS.”
Muchea Project schematic geology map showing resource area based on type of drilling
Metallurgical test work to-date has also demonstrated that a section of sand in the resource, previously discounted due to logged discoloration, can be beneficiated to high-grade silica sand products via conventional washing and screening methods.
Future drilling and estimations will include this zone of sand which is expected to significantly add to the resource inventory.
A more extensive program of work (PoW) has been lodged to enable an aircore drill program over areas that have been previously hand augered.
Drilling is planned for the September quarter 2019.