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South Star Mining Approves Budget and Initiates Drilling and Testing Programs at Santa Cruz
(via TheNewswire) July 30, 2018 / TheNewswire / Vancouver, B.C. - South Star Min...
About this update from South Star Battery Metals Corp
[{"type":"text","content":"South Star Mining Approves Budget and Initiates Drilling and Testing Programs at Santa Cruz(via TheNewswire)\n \n \nJuly 30, 2018 / TheNewswire / Vancouver, B.C. - South Star Mining Corp. (\"South Star\" or the \"Company\") (TSXV: STS) is pleased to announce that the Company's Board of Directors has approved its budget for the next 12 months and key activities are starting up at the Santa Cruz Graphite Project in Bahia, Brazil. The approved budget includes drilling, engineering, testing and environmental activities focused primarily on gathering the necessary information to fulfill the requirements for a trial mining license. Under the Brazilian Mining Code, a trial mining license, or Guia de Utilizacao, may be granted for the production of up to 5000 tons of graphite per year per exploration license. \n\n \n \nThe initial drill program calls for 2,000 meters of drilling targeted to enhance the size and quality of the existing resource base as well as contributing to a more detailed mine plan to support the trial mining license. Field preparations will begin in August with drilling scheduled to start in September. The 43-101 report dated Feb 6, 2018, defined indicated resources of 14.99 million tons at 2.70% Cg and inferred resources of 3.57 million tons at 2.90% Cg (defined on approximately 1% of its acreage). The resource at Santa Cruz is at or near surface with the Feb. 6 PEA projecting a LOM strip ratio of 1.27(in many areas the strip ratio is well below 1). Planned engineering work includes the generation of representative tailings samples for characterization and testing of filtered tailings and their suitability for co-disposal. The ability to economically generate dry stack tailings (and thereby eliminate the need for a tailings storage facility (TSF)) will have a significant impact on the Company's EIA and streamlining of the permitting path to both the trial mining and full installation/operating license (LI/LO).\n\n \n \nAdditional planned test work is designed to increase the Company's confidence in the suitability of Santa Cruz concentrates for the lithium ion battery market and other newly emerging graphite technologies. Samples of concentrates generated in South Star's previous 30-ton pilot plant run have already been dispatched to several independent labs and potential purchasers.\n\n \n \nCompany CEO Eric Alliso...