More
    • Delayed Prices (USD) - Last Updated 14-06-2021
    • Gold $1,873.40
    • Silver $27.89
    • Dalian Iron Ore i2109 $0.00
    • LME Aluminium $2,490.00
    • LME Cobalt $42,500.00
    • LME Copper $10,029.00
    • LME Lead $2,198.00
    • LME Nickel $18,303.00
    • LME Tin $33,060.00
    • LME Zinc $3,011.00

    EQ Resources intersects high-grade tungsten at Mt Carbine

    EQ Resources Limited (ASX: EQR) has announced that assays from the first three drill holes of the extended 17-hole drill program at its Mt Carbine Tungsten Mine in Far North Queensland have confirmed shallow high-grade zones immediately below the Andy White open pit.

    Standout results in shallow Iolanthe and Bluff zones included 4.35m @ 1.31% WO3 from 123.37m, incl. 0.54m @ 8.03% WO3; 4.27m @ 1.27% WO3 from 164.73m, incl. 0.10m @ 50.07% WO3; and 6.72m @ 0.53% WO3 from 202.02m, incl. 0.76m @ 3.87% WO3.

    EQR said that it is considering strip back of open pit in mine planning as part of the ongoing Bankable Feasibility Study.

    mt carbine tungsten drilling
    Drilling results at Mount Carbine Tungsten Mine, Far North QLD

    Drilling at Mt Carbine

    The company had recently commenced an upgraded 17-hole resource drilling at the 100%-owned Mt Carbine Tungsten Mine in Far North Queensland.

    The drilling was designed to intersect multiple high-grade zones immediately below the previously-mined open pit. The target was to examine tungsten-bearing quartz structures in the interval down to 250m (65m below the existing pit floor).

    EQR has now reported encouraging initial results from the drilling.

    EQR announced that the assays from the first three drill holes confirmed shallow high-grade zones immediately below the Andy White open pit

    High-grade tungsten

    EQR announced that the assays from the first three drill holes (EQ001, EQ002, and EQ006) confirmed shallow high-grade zones immediately below the Andy White open pit. EQ Resources said that the intercepts show continuation of high-grade mineralization in the major quartz zones, i.e. the Iolanthe, Bluff, and Johnson.

    High-grade intercepts in shallow Iolanthe and Bluff zones included 4.35m @ 1.31% WO3 from 123.37m, incl. 0.54m @ 8.03% WO3; 4.27m @ 1.27% WO3 from 164.73m, incl. 0.10m @ 50.07% WO3; 6.06m @ 0.54% WO3 from 185.07m, incl. 0.17m @ 17.40% WO3; and 6.72m @ 0.53% WO3 from 202.02m, incl. 0.76m @ 3.87% WO3.

    Significant drill results from the first three drill holes are shown below.

    Bankable feasibility study

    The company had recently launched a Bankable Feasibility Study to re-open Mt Carbine. EQR said that the study includes the current drilling which after the first return assays opens the possibility of a strip back of the existing pit to access high-grade tungsten ore early in the mine plan.

    Management comments

    EQR CEO, Kevin MacNeill said: “The positive results of the current drill program have also led to a change of geological thinking about the Mt Carbine deposit which was discovered more than 100 years ago.

    Narrow high-grade King-Veins are important to understanding the deposit at Mt Carbine, where those veins appear to overprint existing lower grade quartz veins and show continuation through the deposit.

    Although they are often on the margins of broader zones, they can be traced individually through the deposit and will form an important part of the definition for the reserves at Mt Carbine. Mt Carbine sits on a world class hard rock resource, where the identification of these higher-grade zones shall enable early mineable reserves to be defined.

    We are very happy with this first phase of the BFS and look forward to presenting further assay results as they come to hand”

    We are very happy with this first phase of the BFS and look forward to presenting further assay results as they come to hand over the course of coming weeks. Drilling has just about concluded thanks to the DDH1 team and our geologists.”

    Image Source:  EQ Resources Limited

    Jonathan Norris
    Jonathan is a founder of Mining.com.au and has been covering the resources industry since 2018. With over 17 years experience in print, broadcast and online media, Jonathan has seen first hand the transformative effect of online niche media.

    Follow Us

    12,614FollowersFollow
    5,951FollowersFollow
    • Delayed Prices (USD) - Last Updated 14-06-2021
    • Gold $1,873.40
    • Silver $27.89
    • Dalian Iron Ore i2109 $0.00
    • LME Aluminium $2,490.00
    • LME Cobalt $42,500.00
    • LME Copper $10,029.00
    • LME Lead $2,198.00
    • LME Nickel $18,303.00
    • LME Tin $33,060.00
    • LME Zinc $3,011.00