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Ares Strategic Mining Inc. Completes Delineation Drilling Assaying and Confirms High Grades of Naturally Occurring Fluorspar
(via TheNewswire) - Large homogeneous zones of high-grade Fluorspar disc...
About this update from Ares Strategic Mining Inc
[{"type":"text","content":"Ares Strategic Mining Inc. Completes Delineation Drilling Assaying and Confirms High Grades of Naturally Occurring Fluorspar(via TheNewswire)\n \n \n- Large homogeneous zones of high-grade Fluorspar discovered - suitable for direct shipping to industry without requiring any processing. \n\n\n \n- High grade zones up to 89% purity discovered at Ares' Lost Sheep Fluorspar Mine. \n\n\n \n- Ares immediately commences mine planning and modelling with assay results.\n\n\n \n- Ares begins plant design and equipment defining. \n\n \n \nVancouver, B.C. - TheNewswire - August 31st, 2020 -- Ares Strategic Mining Inc. (\"Ares\" or the \"Company\") (TSXV:ARS) (OTC:ARSMF) (FRA: N8I1), is pleased to announce it has received all the assay results from its 12 Reverse Circulation delineation drill holes from the drill program conducted at its Lost Sheep Fluorspar mining operation located In Delta, Utah, US. \n\n \n \nJames Walker, President and CEO of the Company said, \"The results have been a great validation of our project assessment and its potential. Not only do we have the only permitted and producing fluorspar mine in the U.S, but we can now confirm that high grades of naturally occurring fluorspar at our mine. This is excellent news for U.S. industries which import 100% of its fluorspar from abroad. Fluorspar is used in aluminum, steel, refrigeration units, electric car batteries, smart phones, medical supplies, cement, and hydrofluoric acid, and now U.S industry has the potential to source fluorspar domestically instead of from abroad. We have discovered large sections of fluorspar which already meet industry standards. We have commenced plant design work, block modelling, and resource calculations for the drilled and assayed fluorspar pipe. With the already completed metallurgical work, which the company recently announced had achieved the highest grade required by industry, Ares is advancing with its mine construction plans with the anticipation to supply to US industry in the near future.\"\n\n \n \nHigh-grade fluorspar is located within discrete near vertical fluorite bearing volcanic breccia pipes hosted within competent limestone. Due to working safety and space limitations inside the actual LGP pit, all 12 RC drill holes were drilled from two locations/pads fanned through the fluorite bearing breccia pipe boundaries at different e...