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Mayur Resources Increases Resources at Depot Creek Project in Papua New Guinea

Coal News - Published on Wed, 16 Sep 2020

Image Source: Mayur Resources Depot Creek Coal Project
Mayur Resources has booked an increase in compliant resources at its Depot Creek Coal Project in Gulf Province in Papua New Guinea. The Inferred JORC Resource at the project has increased to 12.8 million tonnes from 11.5 million tonnes and includes a higher confidence Indicated Resource component of 3.9 million tonnes. The resource modelling work was completed by New Zealand's Verum Group which also identified a new exploration target of >100 million tonnes within the project tenement area, excluding adjacent tenements which in aggregate and including Depot Creek have an Exploration Target of approximately 200 million tonnes.

The upgrade follows a successful completion of a series of exploration programs late last year which included shallow backpack drilling and a LiDAR survey. This supplemented previous work at the project, which included diamond core drilling and a geological mapping program, that resulted in the previously announced maiden JORC Inferred Resourcet.

The coal samples were obtained by two methods. Firstly, a backpack BQ core size (35mm) drilling program was conducted which targeted the main seams along strike where they dipped below the surface and, secondly, the collection of channel samples at various out cropping seams.. The objective was to get a good understanding of the quality, continuity and thickness of the main seams along the 10km strike of the previously mapped at surface outcropping coal area.

A total of 45 shallow backpack drill holes along strike were drilled and 14 channel samples obtained. Samples were logged, sealed, bagged and shipped to ALS Laboratories in Brisbane for coal quality analysis.

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Posted By : Yogender Pancholi on Wed, 16 Sep 2020
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