Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • VRX Silica (VRX) is set to begin a 130-hole drilling program at its Arrowsmith North Silica Sand Project later this month
  • The aim of this drilling program is to upgrade the current indicated and inferred mineral resource estimate to measured
  • Drilling will generate a significant amount of raw material which VRX will use to undertake supplementary metallurgical testwork to fine tune the process plant
  • Drilling is estimated to take 10 days to complete with results expected to be received in May
  • VRX is up 3.64 per cent on the market this morning with shares trading at 28.5 cents

VRX Silica (VRX) is set to begin a 130-hole drilling program at its Arrowsmith North Silica Sand Project later this month.

Arrowsmith lies 270 kilometres north of Perth and consists of five exploration licences, which cover 377 square kilometres.

The aim of this drilling program is to upgrade the mineral resource estimate to measured.

The current mineral resource estimate reads 771 million tonnes at 98 per cent silicon dioxide including an indicated estimate of 248 million tonnes at 97.7 per cent silicon dioxide and an inferred estimate of 523 million tonnes at 98.2 per cent silicon dioxide.

Drilling will generate a significant amount of raw material, which VRX will use to undertake supplementary metallurgical testwork to fine tune the process plant.

It will also create additional samples for dispatch to potential offtake partners.

Drilling is estimated to take 10 days to complete with results expected to be received in May.

“The drilling of tight spaced grade control holes at Arrowsmith North is another key pre-production activity being undertaken as we prepare for the commencement of mining,” Managing Director Bruce Maluish said.

“Sources of supply of quality silica sand throughout the Asian region are shrinking at a rapid rate and this has led to tremendous interest for VRX’s silica sand from potential customers who are acutely aware of the supply problem,” he added.

VRX is up 3.64 per cent on the market this morning with shares trading at 28.5 cents at 10:36 am AEDT.

VRX by the numbers
More From The Market Herald

" Strickland Metals (ASX:STK) intersects further gold at Dusk til Dawn

Strickland Metals (ASX:STK) encounters further gold mineralisation from drilling at its Dusk til Dawn prospect in…

" Perseus Mining (ASX:PRU) confirms resource upgrade potential at Yaouré gold mine

Perseus Mining (ASX:PRU) says latest drill results from the Yaouré gold mine in Côte d’Ivoire confirm…

" Burgundy Diamond Mines (ASX:BDM) purchases further fancy colour rough diamonds

Burgundy Diamond Mines (BDM) has signed purchase agreements with two companies to buy further fancy colour…

" Kin Mining (ASX:KIN) enters into earn-in and joint venture agreement with Golden Mile Resources (ASX:G88)

Kin Mining (ASX:KIN) enters into earn-in and joint venture agreement with Golden Mile Resources (ASX:G88).