concretesubmarine.com/ FORUM

Members Login
Username 
 
Password 
    Remember Me  
Post Info TOPIC: nautilus converted barge for deep sea mining


Guru

Status: Offline
Posts: 10300
Date:
nautilus converted barge for deep sea mining
Permalink   
 


nautilus converted barge for deep sea mining



__________________


Guru

Status: Offline
Posts: 10300
Date:
Permalink   
 

Nautilus Minerals (TSX:NUS)(AIM:NUS) has completed its 2010/11 seafloor drilling program, with the vessel REM Etive having demobilized in Singapore on May 16, 2011.

During the drilling program in the Bismarck Sea of Papua New Guinea, Nautilus completed a 99-hole diamond drilling project, for a total of 1,475 metres.

Drilling was focused within the area of the Mining Lease (ML154) recently granted to Nautilus, which contains the Solwara 1 deposit and the Solwara 5 seafloor massive sulphide (SMS) discovery. A total of 71 holes was drilled in ML154, for 1147 metres. The remainder of the drilling was conducted in Exploration Lease 1374, which hosts Nautilus' Solwara 12 SMS discovery.

Nautilus' CEO, Steve Rogers, said the highlight of the campaign had been the identification of mineralization at depth at Solwara 12 and the improved knowledge gained at Solwara 1.

"We have commenced data evaluation and analysis and it is expected that results will be reported before the end of this year," he said.

Nautilus has commissioned Golder & Associates to generate an updated resource estimate.

http://www.mining.com/2011/05/18/nautilus-minerals-completes-drilling-program/

 

 



__________________


Guru

Status: Offline
Posts: 10300
Date:
Permalink   
 

Thanks Michael,

This is a very interesting piece of info - can you give us more about the project...

Kindest Regards

Wilfried Ellmer

__________________
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.