Mineral sands producer Diatreme Resources Ltd. has apparently made it to the headlines for having successfully completed the maiden inferred mineral resource at its Cape Bedford Heavy Minerals Project for the Nob Point prospect in Northern Queensland. As per sources, the high-grade silica deposit in the region stands at an astounding 21.6 million tons at over 99% silica.
Neil McIntyre, chief executive officer, Diatreme, has been apparently quoted to state that these results have depicted positive potential for a significant silica sand mine that in the future, is likely to generate considerable employment opportunities in addition to bringing in investments in far north Queensland.
McIntyre further added that these results validate the extent of the firm’s prior exploration efforts and its determination to expand this project as quickly as possible in order to bring in maximum economic benefits for the regional community.
According to an official media release by Diatreme Resources, the study also brought to light the fact that the maiden mineral resource spans an area of 1 square kilometers from an overall area of 542 square kilometers. The immediate north and west directions surrounding the area comprise open dune extensions as well. Experts predict that the extended area is remnant of the fact that the region possesses potential for further explorations of the silica sand resource.
As per trusted sources, modelling conducted on the site exhibited that the deposit averages about 600 meters in width, 1,800 meters in length, and 16.5 meters in thickness. A bulk sample testing conducted on over 500 kilograms of the product from the resource area is anticipated to affirm that the site encompasses the highest quality achievable end product grades.
Presently, the company has been undertaking commercial & permitting studies, inclusive of pointers such as exports, product offtake, and site logistics in order to hasten the delivery of a revenue-generating mining operation.