SER receives two Queensland exploration grants

Strategic Energy Resources (SER) has received 2 grants totalling much than A$400,000 ($278,604) nether Round 10 of the Queensland Government's Collaboration Exploration Initiative (CEI).

This backing volition enactment drilling activities astatine 2 sites: the Diamantina Copper-Gold Project and the Bulimba Gold Project.

The Diamantina Copper-Gold Project, wholly owned by SER, received a assistance of A$275,000.

It is situated astir 280km southbound of Cloncurry.

With this funding, the institution aims to research imaginable extensions of mineralisation identified successful humanities drill-hole DCT010, which antecedently recorded intersections of 6.5m astatine 0.52% copper and 0.16% nickel from 423m².

The tract is situated astir 500m south-west of different drill site, DTD002, wherever intersections included 161m astatine 0.4% copper and 0.11 grams per tonne of golden from 449m².

Another assistance of A$137,500 was awarded for drilling astatine the Bulimba Gold Project, positioned astir 50km north-west of Chillagoe successful north-east Queensland.

The task volition absorption connected investigating a reversely magnetised intrusion related golden style-epithermal golden target.

A non-binding associated task (JV) statement with Sumitomo Metal Mining Oceania (SMMO), a subsidiary of Sumitomo Metal Mining, was announced earlier this twelvemonth for the Bulimba project.

The drilling programme is expected to beryllium the archetypal signifier nether this JV.

Preparations for initiating drilling programmes astatine some projects successful the upcoming tract play are successful progress, with efforts focused connected finalising onshore entree agreements and logistics.

Negotiations for a binding JV statement with SMMO are ongoing.

Once executed, the combined Exploration Committee volition convene to implicit the guardant enactment program astatine Bulimba, incorporating the CEI-funded drilling programme.

Strategic Energy Resources managing manager David DeTata said: “The Queensland Government’s CEI programme provides backing for mineral exploration programmes that are technically sound, innovative, code captious cognition gaps and lend to the find of captious minerals successful Queensland.

“The grant of 2 grants this twelvemonth is designation of our quality to place highly prospective projects with the imaginable size and standard to pull assistance backing to trial innovative exploration and find concepts.”

"SER receives 2 Queensland exploration grants" was primitively created and published by Mining Technology, a GlobalData owned brand.

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