logo-loader
Mining
Jervois Mining Ltd

Jervois Mining completes scandium drilling at Syerston, NSW

au_nsw__350_538690201dea4.jpg

Jervois Mining (ASX:JRV) has completed scandium drilling at its Syerston project in New South Wales.

Preliminary results are encouraging with all holes intersecting mineralisation. Several intervals are being re-sampled and results will be released as they become available.

Bench scale tests from one hole have indicated that Syerston ore would respond well to a stirred, direct sulphuric acid leach.

At an acid consumption rate of 1 tonne acid per 1 tonne sample, a 4 hour direct leach at 95 degrees celsius would extract
70.7% of the scandium.

Further metallurgical work, flow testing and costing are in progress.

Jervois also receiving a royalty of $30 per ounce for the first 400,000 ounces of gold produced at the Bullabulling Gold mining centre in Western Australia, and $20 per ounce thereafter.

Norton Goldfields (ASX:NGF) recently launched a takeover bid for Bullabulling Gold (ASX:BAB).

The Bullabulling mine boasts a gold resource of 114 million tonnes at 1.02g/t for 3.8 million ounces.

Jervois is lightly valued at just $2 million.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Jervois Mining Ltd

Price: $0.23

Market: ASX
Market Cap: $144.37 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Northern Minerals reveals talks with US government agencies,...

Northern Minerals Ltd (ASX:NTU) CEO George Bauk tells Proactive he recently met US government agencies, who he says wanted to get a better sense of the Australian company's progress with its dysprosium production, and its strategy going forward. Bauk is currently in New York meeting with...

3 days, 2 hours ago

2 min read