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Mining industry

Alexander Mining plc Commences 10,000m Diamond Core Drilling Programme at Leon Project in Argentina

Strategic Insights

— 1 min read

Alexander Mining plc, a copper, gold, and silver mining company, has started a 10,000m diamond core drilling programme at the Leon Project in Argentina's Salta Province, approximately 1,250km northwest of Buenos Aires. The programme aims to delineate the mineable resources of the Leon deposit to the JORC Code standard. An on-site contractors' camp has been established, and the company is progressing with its operations.

Key Takeaways:

  • The Leon Project is a sedimentary hosted copper/silver deposit located in Salta Province, Argentina.
  • The 10,000m diamond core drilling programme is designed to delineate the mineable resources of the deposit to the JORC Code standard.
  • An on-site contractors' camp has been established, and the company is progressing with its operations.
  • The drilling programme will initially be conducted on sections approximately 100m apart.
  • A significant metallurgical test-work programme is underway.
  • The company has instigated a community relations socio-economic policy, including the sourcing of supplies, equipment, and labor locally.
  • A baseline environmental study has commenced, and the first regulatory environmental exploration report has been submitted to the Mines and Water Resources Departments.

Statistics:

  • The drilling programme is expected to continue into the third quarter of 2005.
  • The Leon Project covers an area of approximately 1,000ha.
  • The deposit has a total resource of 44.7Mt at 0.8% copper and 21.8g/t silver, as reported by a previous Canadian company.
  • The mineable resources of the deposit are expected to be delineated to the JORC Code standard.
  • The company has confirmed contract drilling rig availability and has begun repair to the access road.

Sources:

  • Alexander Mining plc's press release, August 1, 2005.
  • Dow Jones Commodities News via Comtex, August 1, 2005.
  • Australia's Australasian Institute of Mining and Metallurgy (The Australasian Code), 1997.
  • "Australian Institute of Mining and Metallurgy: The Code for Reporting Exploration Results, Mineral Resources and Ore Reserves," 1997.

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