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Australian firm to begin Algerian zinc exploration
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ASX-listed Terramin Australia has been granted a mining permit for its Algerian zinc project, the company said on Monday, adding that it had started an intensive drilling programme.
“Permit approval has cleared the way for a commencement of drilling, with a diamond rig already on site to infill drill the project's main Tala Hamza deposit,” Terramin executive chairperson Dr Kevin Moriarty said.
“This timetable will deliver an estimation of a JORC standard inferred resource in September under our campaign to rapidly prove up the zinc potential within the permit,” he said “Two additional rigs are scheduled to arrive on site in September to help deliver a complete 25 hole programme by the end of the year.”
The mining permit covers 123 km of the Oued Amizour zinc project in north-eastern Algeria. The project area contains the 50-million ton Tala Hamza deposit as well as a number of partially-drilled deposits.
“Several large targets have been identified within 500 m of Tala Hamza and these will have priority status so feasibility studies can include them in planning for plant expansion,” Moriarty said.
Three global engineering firms experienced in Algerian conditions and proficient in the language are preparing quotes for first stage mining studies, to be conducted concurrently with the drilling programme.
“This dual approach should ensure the full feasibility work is completed during next year,” he said.
Terramin is currently negotiating financing arrangements for the feasibility study and subsequent development work.
“Permit approval has cleared the way for a commencement of drilling, with a diamond rig already on site to infill drill the project's main Tala Hamza deposit,” Terramin executive chairperson Dr Kevin Moriarty said.
“This timetable will deliver an estimation of a JORC standard inferred resource in September under our campaign to rapidly prove up the zinc potential within the permit,” he said “Two additional rigs are scheduled to arrive on site in September to help deliver a complete 25 hole programme by the end of the year.”
The mining permit covers 123 km of the Oued Amizour zinc project in north-eastern Algeria. The project area contains the 50-million ton Tala Hamza deposit as well as a number of partially-drilled deposits.
“Several large targets have been identified within 500 m of Tala Hamza and these will have priority status so feasibility studies can include them in planning for plant expansion,” Moriarty said.
Three global engineering firms experienced in Algerian conditions and proficient in the language are preparing quotes for first stage mining studies, to be conducted concurrently with the drilling programme.
“This dual approach should ensure the full feasibility work is completed during next year,” he said.
Terramin is currently negotiating financing arrangements for the feasibility study and subsequent development work.
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Prière d'utiliser la langue par défaut du forum qui est le français, merci de lire les règles du forum.