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Eclipse Metals (ASX:EPM) eyes major windfall at Mary Valley Manganese Project

  • November 13, 2020 12:12 PM AEDT
  • Kunal Sawhney
    CEO Kunal Sawhney
    2781 Posts

    Kunal Sawhney is founder & CEO at Kalkine and is a richly experienced and accomplished financial professional with a wealth of knowledge in the Australian Equities Market. Kunal obtained a Master of Business Administration degree from University of T...

Eclipse Metals (ASX:EPM) eyes major windfall at Mary Valley Manganese Project

Summary

  • Almost 80-90% of the global manganese supply accounts for steel making.
  • Application of manganese in commercial battery packs with major application in the renewable energy and electric mobility sectors has been under spotlight.
  • Eclipse Metals’ Mary Valley Manganese Project displays substantial potential for large-scale near-surface manganese mineralisation.
  • Manganese mineralisation at the project has exhibited premium DSO properties in the vicinity of existing infrastructure.
  • Eclipse Metals plans an extensive evaluation program to assess all historical and recent drill intercepts, geological environment and structure, high-order mineralisation and beneficiation potential along with the bulk sampling program.
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Exploration endeavours of Eclipse Metals Limited (ASX:EPM) have yielded noteworthy outcomes, empowering its strategic position in the premium mining jurisdictions of Queensland and the Northern Territory. Thanks to strategic undertakings and exciting market prospects, the Company has clinched a series of laurels at its robust project pipeline.

Must Read: Eclipse Metals Releases Annual Report, Shining With Developments Across Projects

One such project that has seamlessly delivered outstanding results is Mary Valley Manganese Project in Queensland. Let us delve into recent undertakings of the Company at the project.

Mary Valley – A Premium Manganese Asset with Limitless Potential

The Mary Valley Manganese Project is situated in the Gympie district of southeast Queensland. The project spreads over 31 square kilometres with a strong background of manganese mining as early as 1910s. The two granted exploration tenements (EPM17672 and EPM17938) are in the close proximity to the Brisbane Railway line and the existing regional infrastructure.

Upon technical evaluation of only two areas, the Mary Valley Project has indicated the prospectivity for bulk tonnage of shallow high-grade manganese mineralisation. The premium manganese project includes numerous historical mining centres with the largest one on the tenement EPM17938 at the Amamoor No.1 Manganese Deposit, which historically produced over 19,630 tonnes at 51% Mn grade.

Read Here: Eclipse Metals Plans Ground Magnetometer Survey at Amamoor Manganese Project

The total historical production at Mary Valley is estimated at 31,477 tonnes with exceptionally high manganese grade in the range of 42% to 51%. Drilling campaign in 2018 returned grades up to 62% MnO from parallel dipping formations, open along the strike at depth and in both the directions.

Second Phase Drilling Highlights Near-Surface Mineralisation at Amamoor

Eclipse Metals recently concluded the second phase of drilling campaign at the Amamoor deposit. The drilling campaign tested extensions of the high-grade manganese mineralisation (historically drilled) along the strike length of 160 metres at a down dip to 20 metres.

The drilling campaign confirmed shallow manganese mineralisation in the initial 10 metres from the surface. The manganese mineralisation was found to be prominently hosted in ferruginous jasperoid rock formations within the breccias and shear zones.

Interesting Read: Eclipse Metals to Tap Manganese Opportunity with Mary Valley Project

Shallow Mn Mineralisation Discovered at Amamoor, Next Exploration Phase Planned

Recently, Eclipse Metals hit shallow manganese mineralisation at the Amamoor prospect in the Mary Valley Manganese Project.

 The next phase of the exploration program will include a bulk sampling of manganese mineralisation from the Central area of old mine workings for beneficiation and metallurgical test works.

The Company has planned an extensive evaluation program to assess all historical and recent drill intercepts, geological environment and structure, high-order mineralisation and beneficiation potential in the upcoming weeks together with the bulk sampling program.

Must Read: Eclipse Metals Mobilises Equipment Ahead of Drilling Program at Amamoor

EPM traded at $ 0.010 a share on 13 November 2020 (AEDT 11:53 AM), with a market capitalisation of $15.56 million.

(All financial information pertains to Australian Dollar unless stated otherwise.)

 

 


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