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- Industrial Minerals (IND) has now defined over 50 high purity silica sand bodies within its Stockyard project in WA
- The company received assays from 362 auger samples which have returned an average grade of 99.1 per cent silica and 1149 parts per million (ppm) iron oxide
- The results have also more than doubled the existing mineralised footprint to almost seven square kilometres to an average depth of 1.05 metres
- Industrial Minerals plans to undertake further exploration across the project as part of its long-term strategy of exporting high purity silica sand to the Asian markets
- IND shares end the day 10.5 per cent in the green at 31.5 cents
Industrial Minerals (IND) has reportedly defined new areas of high purity silica sand mineralisation at the Stockyard project in Western Australia.
The company received assays from auger drilling which have returned an average grade of 99.1 per cent silica and 1149 parts per million (ppm) iron oxide across 362 auger samples.
Of these, more than 80 per cent were above 98.5 per cent silica which Industrial Minerals believes validates its approach to identify high purity silica sand target areas.
Importantly, the results have more than doubled the previously defined mineralised footprint to almost seven square kilometres as more than 50 high purity silica sand bodies have now been defined to an average depth of 1.05 metres from surface at the Stockyard project.
“We are very pleased that the latest results are even higher grade than those returned from previous campaigns of drilling by IND, demonstrating the potential for additional higher grade silica deposits at the Stockyard project,” Managing Director Jeff Sweet said.
Industrial Minerals considers the Stockyard project to be the first of a “pipeline of exciting projects” that it intends to evaluate through low-impact and low-cost exploration. This aligns with the company’s long-term strategy of exporting high purity silica sand to the Asian markets.
“The IND team are now focussed on expanding the exploration work program to test the broader potential of Stockyard and other high priority projects, with several large highly prospective areas set to be tested by auger drilling in the coming months,” Mr Sweet concluded.
IND shares ended the day 10.5 per cent in the green at 31.5 cents.
