Jervois Mining Ltd

Jervois Mining completes scandium drilling at Syerston, NSW


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.


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Quick facts: Jervois Mining Ltd

Price: $0.23

Market: ASX
Market Cap: $144.37 m

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