Kagara to step up search
10th Feb 2012
PERTH, Feb 10 – Australian miner Kagara is planning to step up its exploration strategy in the Northern Chillagoe region, part of its North Queensland base metal operations, after outlining more than 10Mt inferred and indicated resources for its combined Red Cap and King Vol projects.
The company says the focus of its A$50M exploration strategy will switch to detailed drilling to support mining studies that will determine how much of these resources can be upgraded to ore reserves.
The maiden inferred resource within the Morrisons, Queenslander and Victoria lodes at Red Cap is 6.96Mt @ 5.0% Zn, 0.8% Cu, 0.1% Pb, 19g/t Ag and 0.1g/t Au.
Updated indicated and inferred resources for King Vol are 2.76Mt @ 11.9% Zn, 0.6% Cu, 0.7% Pb and 30g/t Ag.
The figures support Kagara’s objective of establishing sufficient resources to complete and commission the Mungana process plant.
Having reached the 10Mt figure in just six months, 18 months earlier than its original target, Kagara also plans further exploration aiming to increase the overall resource base in the Northern Chillagoe region towards its five-year objective of 17-18Mt.
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