Electric Metals Limited (TSXV: EML | OTCQB: EMUSF) has announced the filing of the upgraded MRE for the company’s 100% owned Emily Manganese Project in central Minnesota. The Mineral Resource Estimate was prepared in accordance with National Instrument 43‐101 by Forte Dynamics, Inc.
Brian Savage, CEO, Electric Metals, commented “We are pleased to file the upgraded MRE for our Emily Manganese Project in Minnesota, confirming the highest-grade manganese resource in North America and solidifying our position as a key player in North America’s manganese market. Our plan going forward is to convert these resources into high-grade mineable reserves, and to advance the metallurgical testing to refine and optimize the flow sheet for the production of high-value, high-grade manganese chemicals and products.”
The upgraded MRE is based on a geological model incorporating data from the 2023 drilling programme by North Star Manganese Inc, a subsidiary of the company, and historical drilling in 2011 and 2012. The estimate confirms and expands the previous MRE from 2022.
Highlights from the upgraded MRE included, at a 10% cutoff grade, indicated resources increased by 20.9% to 6.2Mt, with a grade of 19.27% manganese, and inferred resources increased by 596.5% to 4.9Mt, with a grade of 17.50% manganese.
Additionally, large tonnage expansion associated with eastern in-fill and central step-out drill holes, the western zone of the deposit remains open and is recommended for expansion.
29 new holes were drilled, 22 of which reported substantial zones of +25% manganese, and 19 new drill holes reported significant intercepts of 35% to +50% manganese. Finally current manganese extractions exceeding 95% recovery, with testing ongoing.
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