Mineworx has been granted approval for Cehegin iron ore concessions program in Spain
All departments within the Mining Office of Mineworx Technologies Ltd have formally approved the environmental impact evaluation and all required permits have been granted to allow the project to proceed. Since Mineworx has now received the required approvals, it is planning to start an exploration drilling program in April 2021, with the focus of both validating historical exploration data and offering more information about other anomalies determined by earlier surveys.
The drilling program and the subsequent analysis will offer information to enable Mineworx to develop a NI 43-101-compliant reserve report. Mineworx will be drilling 21 holes in total for a total of 2,200 m over a four-month period.
The Spanish government, in November 2020, categorized the property as a strategic initiative, thereby opening additional development opportunities like reductions in local and national bureaucratic timelines, fast track opportunities, subsidies and grants, as well as economic verification of large-scale commercial production. This classification would include a small-scale treatment plant that generates up to 60,000 tonnes of concentrate annually per year.
A major part of this is because of the historical importance of the property that was first owned by Altos Hornos de Vizcaya—the largest mining company in Spain—until it was closed in 1989 because of a huge plunge in iron ore prices. In March 2021, CRS INGENIERÍA—a Spanish geology firm—provided Mineworx with a report that offered an interpretation of the data acquired from an aeromagnetic survey of the property performed in 2015. The conclusion of the report is that—based on this data and presuming a density of 3.2 t/m3, the prospective reserve could be 101.27 million tonnes at a 60% average grade.
Source: azomining.com
Latest Posts
- Serbia, The real plans of the Jadar project
- Eurasian Resources Group highly commends the publication of the Critical Raw Materials Act
- Rio Tinto has spent more than a million euros on land in Serbia at the proposed site of a lithium mine that was eventually cancelled a year ago
- A new grievance mechanism for Chinese overseas mining needs to be free to use
- Europe revives mining to reduce dependence on the import of key raw materials, supply from Serbia as competitive choice
Popular Post
- Serbia, The real plans of the Jadar project
- First Quantum Minerals, Roaring Back to Life thanks to sale of Kevitsa nickel-copper-platinum mine in Finland
- Europe revives mining to reduce dependence on the import of key raw materials, supply from Serbia as competitive choice
- Rio Tinto Ultra lithium mining project in Serbia
- Avala Resources shareholders invited to approve transaction with Dundee, copper-gold projects in Serbia
- What Are The Major Natural Resources Of Macedonia?
- Solway copper mine Bucin Macedonia operations
- How valuable is Kosovo’s mineral wealth?
- Centerra’s Öksüt gold mine in Turkey begins with commercial production
- Miedzi Copper Corporation discovers deposits of silver and copper in Poland