RE: Oh Yes baby Vasty21 Jun 2022 16:23
MORE VASTY BABY Projects:
Manaila Carlibaba Project
The Manaila Carlibaba project is an important project for Vast Resources. The aim is to restart the project after Baita Plai and the Chiadzwa Community Concession enter peak production levels.
The 138.6-hectare Manaila-Carlibaba exploration licence has a JORC 2012 compliant Measured and Indicated Mineral Resource of 3.6Mt grading 0.93% copper, 0.29% lead, 0.63% zinc, 0.23g/t gold, and 24.9g/t silver, as well as Inferred Mineral Resources of 1.0Mt grading 1.10% copper, 0.40% lead, 0.84% zinc, 0.24g/t gold, and 29.2g/t silver.
Vast proposes to build a larger mining and processing facility at Manaila-Carlibaba, which will eliminate the need for expensive road transport of mined ore to the existing processing facility at Iacobeni, about 30 kilometres distant and its preliminary studies suggest the prospect of a new open-pit mine to explore mineral resources to a depth of around 125 metres below the surface.
Blueberry Gold Project
Blueberry Project, is a 7.285kmsq brownfield area located in the “Golden Quadrilateral” which is in the area of the Baia de Aries mine, where Vast Resources has 29.41% interest.
Vast’s stake in Blueberry Gold Project is held through EMA Resources, which is a subsidiary company of Vast, which is expected to become a sole entity eventually to qualify for an IPO.
Vast will be in charge of future mining operations at Blueberry, as well as the exploration programme and the IPO process, in exchange for a fee of 10% of pre-IPO costs.
The Golden Quadrilateral offers strong polymetallic prospects and is said to have generated almost 55m ounces of gold in the past with soil samplings supporting sample values of up to 22.4g/t gold.
A drilling and assaying campaign is now ongoing, and it is expected to yield enough data to support an Inferred JORC Mineral Resource for gold and other polymetallic minerals such as silver, copper, lead, and zinc in one or more separate breccia pipes.
Zagra Licenses
Piciorul Zimbrului and Magura Neagra are collectively known as Zagra.
The 10km2 Piciorul Zimbrului prospecting permit is located in the Zagra-Telciu area in Bistrita-Nasaud County of Romania and lies adjacent to Vast’s 21km2 Magura Neagra prospecting permit.
After the initial exploratory work, Vast completed the drilling programme in the Piciorul Zimbrului licence, focusing on six previously detected veins with linked copper and gold mineralisation along an underground route constructed for 820m at a level of 835m above main sea level.
IPEG Cluj, the former state exploration corporation, has conducted 1,200m of underground development and diamond drilling, as well as 862m of surface diamond drilling and geological mapping over a 4km region.
Vast has also begun drilling in the Magura Neagra licence, to find polymetallic veins and regions of scattered sulphide deposit.