Suvo Strategic Minerals Limited (ASX: SUV) has completed the tenement purchase for 100% of exploration license application E70/4981, located in the Muchea region of Western Australia.
The company confirms that all conditions precedent have been satisfied or waived for the purchase of the Muchea Silica Sand Project (previously referred to as White Hill Silica Sand Project).
About the project
The Muchea Silica Sand Project comprises pending exploration licence E70/4981 (Tenement Application), located in the Muchea area, (Yeal nature reserve) 50km north of Perth, Western Australia, and is highly prospective for high-quality silica sand. The project spans an area of ~47 sq. km.
The targeted Silica sand deposits lie in the Bassendean sand table. These are wind- blown dune systems that have been created over tens of thousands of years. The dunes sit above the natural surface of the ground with heights of up to 20m – 40m sitting well above the water table.
Historical exploration within the tenement area is limited, though the adjoining Muchea Silica Sand tenement (ASX: VRX) has produced some ultra-high grade results where extensive drilling and testing has taken place producing grades of up to 99.93% SiO2 and 40ppm Fe2O3 in the ground, these being some of the highest known naturally occurring grades in the world.