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Australia Monogorilby and May Queen Project update
Australia Monogorilby and May Queen Project update.
About this update from Atlantic Lithium Limited.
[{"type":"text","content":"\n \nRNS Number : 4144X IronRidge Resources Limited 24 November 2017 \n\n24 November 2017\n \nHigh-Grade Bauxite Discovered at Koko.\nMonogorilby Bauxite and May Queen Gold Project Update,\nQueensland, Australia.\n \nIronRidge Resources Limited (AIM: IRR, 'IronRidge' or the 'Company') is pleased to provide a project update for its wholly owned Monogorilby bauxite and May Queen gold projects in Queensland, Australia.\n \nOngoing mapping and rock chip sampling discovered additional high-grade bauxite targets within the Monogorilby project area, as well as confirming historic gold extensions to the May Queen gold project. \n \nHIGHLIGHTS:\n \nØ High-grade bauxite mineralisation discovered in rock chip sampling at the Koko target area, approximately 25km north-west of the Monogorilby JORC compliant Inferred mineral resource (54.9Mt @ 37.5% total alumina)\nØ Multiple high-grade rock-chip results up to 43 - 52.8% available alumina and 2 - 5.4% reactive silica returned\nØ Two new bauxite target areas defined at Koko covering approximately 1.2km and 1.8km strike lengths and 200m to 300m widths respectively\nØ High-grade bauxite confirmed at Monogorilby West with multiple rock-chip results up to 42.6 - 48.7% available alumina and 1.4 - 3.1% reactive silica returned \nØ Historical gold target extensions confirmed at May Queen with rock-chip results up to 0.67g/t gold in reconnaissance mapping at the 'Bat Cave' target\nØ Additional untested magnetic anomalies occur directly south-east of the May Queen projects - Bat Cave trend, buried under Jurassic sandstone cover\n \nReference to figures and tables relate to the version of this release on the Company's website (www.ironridgeresources.com.au) or visible in PDF format by clicking the link below:\n \nhttp://www.rns-pdf.londonstockexchange.com/rns/4144X_-2017-11-24.pdf \n \nCommenting on the Company's latest progress, Vincent Mascolo, Chief Executive Officer of IronRidge, said: \n \n\"We are very pleased with the results of the Company's ongoing mapping and sampling activity at Monogorilby and May Queen projects. \n \nDiscovering additional bauxite mineralisation adjacent to the Monogorilby Resource adds to the value of the project. The high alumina grades returned, coupled with low reactive silica results across the Koko...