Viridis (ASX:VMM) confirm high grade halloysite at Smoky

Viridis Mining and Minerals have confirmed high grade halloysite at Smoky following the return of laboratory analysis of selected samples taken from its recent site visit to the project in the upper Hunter Valley region of New South Wales.

With as much as 36.6 per cent halloysite in the raw material, mineral associations both match the mineralised model for the target Koogah formation and confirm the first halloysite at the site in decades.

VMM.AX

VIRIDIS FPO [VMM]

ASX

$1.26

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While covering just six square kilometres of Hunter Valley territory, the single exploration licence contains the historic quarry where halloysite was last confirmed in the 1980’s, and potentially covers more than 3km strike length of a known and unique kaolin-halloysite bearing sequence.

Surface samples collected from the Koogah formation.

“We are extremely pleased to report the confirmation of high grade halloysite at the project and look forward to further updating the market on the results from our recently completed aircore drill campaign at Smoky,” Viridis Executive Chairman Agha Shahzad Pervez said.

The naturally occurring nanotube clay material has gained interest in various industries due to its unique properties and number of potential applications, particularly in the electronics industry, where continually increasing demand for products is expected to drive growth for the halloysite market.

Next Steps

Viridis have assay results due from a recently completed aircore campaign at Smoky, directed at testing the depth, strike, and mineralogy of kaolin occurrences, with results set to determine future exploration at the project.

VIRIDIS FPO [VMM]

Sector: Basic Materials

Industry: Coking Coal

Employees:

Viridis Mining and Minerals Limited engages in the acquisition, development, exploration, and evaluation of mineral properties in Canada and Australia. The company explores for gold, copper, and halloysite deposits. It holds interest in the South Kitikmeot Gold project comprising four properties, including Gold Bug, Esker, Bling, and Uist, that covers an area of 7,148 hectares located within the Back River-Contwoyto Gold Belt of Western Nunavut, Canada; and the Boddington West project, which includes one exploration license application that covers 26 square kilometers situated within the Archaean Saddleback Greenstone belt in Western Australia. In addition, the company has an interest in the Bindoon project consisting of one exploration license and two exploration license applications, including 35 blocks covering an area of 105 square kilometers situated in West Yilgarn Province in Western Australia; the Poochera project, which includes one exploration license application that covers an area of 329 square kilometers located in the Eastern Eucla Basin in South Australia; and the Smoky project comprises one exploration license that covers two blocks of 6 square kilometers situated in the upper Hunter Valley region of New South Wales. Viridis Mining and Minerals Limited was incorporated in 2006 and is headquartered in Perth, Australia.

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