Suvo Strategic Minerals (ASX:SUV) - Executive Chairman, Robert Martin
Executive Chairman, Robert Martin
Source: The Market Herald
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Recent lab work has shown that sand from Suvo Strategic Minerals’ (SUV) Nova Silica Sands project can be used in glass manufacturing and foundry applications
  • The sighter test work produced high-grade silica sand to 99.31 per cent silicon dioxide
  • Equally significant is the presence of fine-grained silica sand suitable for the high-value silica market
  • Analysis of the remaining samples has commenced and will be used in the determination of a JORC-compliant resource
  • On the market this afternoon, Suvo is up 4 per cent and is trading at 13 cents per share

Recent lab work has shown that sand from Suvo Strategic Minerals’ (SUV) Nova Silica Sands project can be used in glass manufacturing and foundry applications.

The kaolin and silica sand explorer completed an air-core drilling program at the project in late 2020 to test the depth extent of silica sands.

Under the program, Suvo drilled 44 vertical holes to around 20 metres depth, for a total of 920 metres.

Drilling intersected a mixture of aeolian, fluvial and marine sands and samples were recovered dry.

Importantly, the sighter testwork on these samples produced high-grade silica sand to 99.31 per cent silicon dioxide. Equally significant is the presence of fine-grained silica sand suitable for the high-value silica market.

Silica flour is a high-value product that is used as filler or in wellhead cement for the oil and gas industry.

Analysis of the remaining samples has commenced and will be used in the determination of a JORC compliant resource.

“Nova continues to surprise with the extensive historic exploration and current drilling data suggesting we have the opportunity for a very large multiple product asset including highly sought after AFS 60 particle-sized silica used in
the casting of electric vehicle components,” Chairman Robert Martin said.

“Suvo has refined the test work that is currently underway to include more detailed testing to help us understand the geology in greater detail, we are excited by Nova’s potential and look forward to updating the market once the full suite of tests are completed,” he added.

Work is now ongoing to define potential additional saleable products from continuing test work and to complete a maiden JORC-compliant resource.

On the market this afternoon, Suvo is up 4 per cent and is trading at 13 cents per share at 1:10 pm AEDT.

SUV by the numbers
More From The Market Herald
The Market Herald Video

" Ora Gold (ASX:OAU) obtains unsecured $500k loan facility

Ora Gold (ASX:OAU) has obtained an unsecured $500,000 loan facility from Ioma to assist with general…
Blaze Minerals (ASX:BLZ) - Managing Director, Simon Coxhell

" Blaze Minerals (ASX:BLZ) sees early drill success at Earaheedy, WA

Blaze Minerals (ASX:BLZ) has seen early success at its Earaheedy Basin project in Western Australia after…
The Market Herald Video

" Cannindah Resources (ASX:CAE) raises $2m to continue Mt Cannindah drilling

Cannindah Resources (ASX:CAE) completes a $2 million capital raising to continue its drilling program at Mt…

" Austral Gold (ASX:AGD) robbed of gold precipitate in armed robbery at Guanaco, Chile

Austral Gold (ASX:AGD) reported an armed robbery incident at its Guanaco refinery at Taltal in the…