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Summary
- Eclipse Metals to conduct a detailed ground magnetometer survey for effective siting of drill holes, prior to the commencement of second phase of drilling at Amamoor Manganese Project in Queensland.
- Drilling to extend manganese mineralisation of high grade as intersected during the 2018 drilling campaign.
- All permits for drilling have already been received with drilling to commence in the second half of September 2020.
- Previous drilling samples highlighted high grades of up to 62% MnO, and additional drill holes are planned to test the extent of mineralisation up to a depth of 60 metres.
Eclipse Metals Limited (ASX:EPM), a diversified Australian explorer, has released an update on the progress concerning the stage two drilling program at the Amamoor Manganese project. The explorer updated that an extensive ground magnetometer survey will be conducted prior to the drilling program, which is anticipated to commence in the latter half of September 2020.
Ground Magnetometer Survey to Facilitate More Effective Siting of Drill Holes
The ground magnetometer survey will stretch over the main area of manganese workings, prior to the diamond drilling commencement, and is anticipated to facilitate in effective siting of drill holes.
Petrophysical studies covering both mineralised and non-mineralised drill cores from the 2018 drilling program reflected high-grade manganese showcasing substantial magnetic susceptibility. Further, a magnetometer survey is anticipated to play a crucial role in indicating hidden lenses hosting manganese mineralisation of high grades as earlier indicated from gravity surveys in 2018.
An initial program traversed over 2,100 metres on the main area of historical workings is anticipated to provide the structural data and indicate the advantage of conducting even larger surveys to further identify mineralisation in new regions within the project area.
With surveys as extensive as planned would cover satellite manganese occurrences in close proximity to the Amamoor manganese deposit to provide mill-feed to support a futuristic mining operation.
Drilling at Amamoor to Test Extent of Shallow Mineralisation
Earlier on 17 August 2020, Eclipse Metals had updated regarding its plans to commence drilling program at the Amamoor prospect within the Mary Valley Manganese project in Queensland. The drilling program is aimed at extending the high-grade manganese mineralisation that was intersected in the initial drilling program of 2018.
Amamoor No.1, the manganese deposit on the tenement EPM17938 hosts the largest historical mining centre (19,630 tonnes at 51% Mn) within the Mary Valley Manganese Project. Further, all permits required for the drilling program have already been procured, and the supervisory personnel has been engaged.
The historical drilling program intersected manganese mineralisation with assay grades up to 62% MnO in parallel dipping formations, which has been interpreted to be open along the strike in both directions and at depth. Additional drill holes with depths up to 60 metres have been planned to test the extent of the mineralisation.
Given the surging demand for clean energy and energy storage, in addition to sensor and catalytic application materials, Eclipse Metals is better positioned to develop its manganese project, stated EPM Executive Chairman Mr Carl Popal as per the 17 August 2020 update. The project is believed to host metallurgically acceptable mineralisation characteristics for near-term commercial development for the ferroalloy, battery, and high tensile steel industries.
Stock Performance - EPM stock traded at AU$ 0.007 on 1 September 2020 with a market capitalisation of AU$ 9.9 million. In the year-to-date period, the stock has delivered a return of 75 per cent.
