The following is a BCI anns. Remember the tenaments they picked up a few months ago from Mineology (Clive Palmer) point of note able to report on rock chip samples.
Also for FMS I/O 62%
GLTA
BCI ENTERS INTO MAJOR KUMINA DRILLING CONTRACT ▪ BCI identified multiple higher grade Kumina iron ore targets to support the Buckland Project development case ▪ Rock chip samples from the key bedded iron deposit areas delivered results of greater than 62% Fe in the majority of samples and best results of up to 67% Fe1 ▪ BCI will now conduct an extensive 300-hole drilling programme with the aim of proving a large high grade mineral resource ▪ Contract entered into with Core Drilling Services Pty Ltd for the programme ▪ Drilling expected to commence in late-March and continue for three months BCI Minerals Limited (ASX:BCI) ("BCI" or the "Company") is pleased to advise that it has entered into a drilling contract with Core Drilling Services Pty Ltd for an upcoming major drilling programme at the Kumina Tenements, a component of the Buckland Iron Ore Project. The Kumina Tenements comprise 480km2 and were acquired from Mineralogy Pty Ltd in September 2017. The drilling programme plans to test targets E and J, where BCI has identified high grade outcropping bedded iron deposit (“BID”) mineralisation. Rock chip sampling at these target areas returned grades of greater than 62% Fe from the majority of results and best results of up to 67% Fe. 1 Channel iron deposit (“CID”) targets B and C will also be included in the programme. The locations of targets B, C, E and J are shown in the Appendix. Approximately 300 reverse circulation (“RC”) drill holes are planned for a total of approximately 14,500m, with drilling expected to commence in late-March 2018 following receipt of relevant approvals and continue for approximately three months. BCI Managing Director, Alwyn Vorster, said: “We are pleased to commence this important drilling programme at Kumina. Discovery of meaningful tonnages of higher grade bedded mineralisation has the potential to reshape the overall Buckland Iron Ore Project and its target product mix.” -ENDFor further information: P: +61 8 6311 3400 E: [email protected] Alwyn Vorster Simon Hodge Brad Milne Managing Director C
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