This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Applied Minerals Provides Updated Resource Statement Of Its Dragon Mine Property

From 6.33 acres an area of 0.8 acres has a Measured Resource of 44,200 tons with remaining 5.53 acres an Indicated Resource of 776,500 tons of clay:

          Area   Acres   Resource   Clay   Av Thickness   % Average Clay Content
        Status   Tonnage   (feet)   Halloysite   Kaolinite   Illite-Smectite   Total
Western   0.8   Measured   44,200   31   25.6   36.8   6.4   68.8
Western   5.53   Indicated   776,500   111   4.1   47.4   24.4   75.9

Drilling of five waste piles from previous mining activity was carried out covering an area of 34.17 acres. The five waste piles have a volume of 1.99 million cubic yards. Following a detailed trenching campaign on the waste piles, fifty-two boreholes were drilled totalling 1,986 ft and 216 samples were tested.
  • Whole rock evaluation of five waste piles - 34.17 acres

The whole rock evaluation included chemical testing by XRF of all 216 samples with 69 tested for their mineralogy by XRD. The tonnage of 4.5 million tons is based on specific gravity of 2.5. The waste piles show variation in their chemistry and mineralogy and reflect where they were mined from. WP1 is high in halloysite and iron and was mined from the iron rich zone where halloysite levels tend to be higher. The other waste piles are clearly mined from mainly monzonite where the alteration of feldspar has been more to kaolinite and illite-smectite rather than halloysite. The levels of K-feldspar and quartz are also higher for the waste derived from altered monzonite.

4 of 12

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.24 -0.41%
FB $117.81 -0.21%
GOOG $701.43 0.82%
TSLA $211.53 -4.96%
YHOO $36.94 2.61%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs