Business
South Star Mining Announces Positive Assay Results from the 2018 Drilling Program at its Santa Cruz Graphite Project
(via TheNewswire) January 21 st , 2018 / TheNewswire / Vancouver, B.C. - South S...
About this update from South Star Battery Metals Corp
[{"type":"text","content":"South Star Mining Announces Positive Assay Results from the 2018 Drilling Program at its Santa Cruz Graphite Project(via TheNewswire)\n \n \nJanuary 21st, 2018 / TheNewswire / Vancouver, B.C. - South Star Mining Corp. (\"South Star\" or the \"Company\") (TSXV: STS) (OTCQB: STSBF) is pleased to announce that it has received the complete assay results from the 2018 exploration program (Program) at its Santa Cruz Graphite Project (Project) in Bahia, Brazil. The field investigations portion of the Program was completed in December of 2018. The Company's previously released PEA (see News Release dated 10/23/2017) reported Indicated Resources of 14,990,400 tons @ 2.70% Cg and Inferred Resources of 3,572,100 tons @ 2.90% Cg.\n\n\n \nWith the goal of moving towards production in 2020 using a trial mining license and a pilot plant, South Star's 2018 exploration program was focused on the Sao Manoel and Sao Rubens targets of the Project. The Program included surface trenching along with 531.65 meters of diamond (8 holes - HQ) and 1288.25 meters (32 holes) of reverse circulation (RC) drilling. The majority of the 2018 Program concentrated along 700 meters of strike at the Sao Manoel target, where previous exploration programs indicated significant graphite mineralization. The Program was designed to test lateral extents and depth of mineralization along this target, and completed work included all the trenching, 7 diamond holes, and 27 RC holes. The Sao Rubens portion of the Program was focused on upgrading the resources in that area to allow for future mine planning flexibility and consisted of 1 diamond hole and 5 RC holes. \n\n\n \nThe Company currently plans to incorporate the results of the Program into an updated resource estimate, coupled with final metallurgical and dry stack tailings testing, to be completed in Q2 of 2019. Engineering, testing, environmental and licensing activities are on-going with completion, including the delivery of a prefeasibility report, scheduled for Q3 of 2019\n\n\n \nCompany CEO Eric Allison stated \"The results from the 2018 Program have been excellent proving continuity in friable, weathered materials containing strong graphite mineralization over significant intervals, both along strike and at depth. Using both targets, we have developed an excellent preliminary outline of a good starter pit that can...