Drilling buoys CBH confidence
Tuesday, 9th March, 2010
Early results from a drilling program underway at the Rasp Mine "reinforces CBH's confidence" in the resource, according to managing director Stephen Dennis.
The company has announced a number of high grade intersections from the drilling program, the results of which will be used to update mineral resource and ore reserve statements. "These are excellent high grade intersections which reinforce CBH's confidence in its integrated mining strategy for the Rasp Mine," Mr Dennis said. The strategy involves high grade pillar production from the main lode orebody under and adjacent to the Kintore Pit, together with low cost production from the unmined Western and Centenary lodes.
The company said the first stage of the drilling program, which began in January, was 40 per cent complete and would continue for the next two months. Last year the company released a revised Mineral Resource for Rasp totalling 16.5 million tonnes at 6.6 per cent zinc, 5.1 per cent lead and 89 grams per tonne of silver."Given the significant value of the main lode pillar component of this resource, an RC drill program was subsequently designed to further increase confidence in the resource," the company said.
So far 20 holes have been drilled in the two-part program which is designed to test the upper limit of the mineralised lode as well as three crown pillars.