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King Island Scheelite kicks off tungsten drilling on King Island, Tasmania

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King Island Scheelite (ASX: KIS) has commenced two resource extension drilling programs at its West Dolphin and Bold Head tungsten prospects on King Island, Tasmania.

A minimum of eight diamond drill-holes at Dolphin West and seven at Bold Head will be completed for a total of 825 metres.

The recently completed Value Engineering Study recognised the presence of shallow tungsten ore, potentially amenable to open-cut mining, around the previously-closed Dolphin and Bold Head mines.

Drilling is expected to complete in late November, with results announced as they become available.

Data will be used to supplement revisions to King Island's Definitive Feasibility Study, scheduled for completion early in 2014.

King Island is focused on redeveloping the original scheelite mine on King Island, with the resource comprising remnant ore bodies at Dolphin, Bold Head and tailings of 9,109,000 tonnes containing 81,720 tonnes tungsten.

 

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Quick facts: King Island Scheelite Ltd

Price: 0.05 AUD

ASX:KIS
Market: ASX
Market Cap: $13.22 m
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