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Athena Resources Ltd.
Summary
| Project: | Byro | |
|---|---|---|
| Deposit: | Mt Narryer | |
| Location: | Australia | |
| Commodities: | Iron | |
| Date: | 8/26/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-8-2016: Athena Resources Ltd. announces an Exploration/Drilling Update report for its Mt Narryer deposit at the Byro project. Drilling results incl. 32m @ 67.05% Fe from 20m (Davis Tube result). The Mt Narryer magnetite body within tenement E09/1938, i | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Liam Kelly (Internal) | |
| ABSTRACT: | The Mt Narryer magnetite body within tenement E09/1938, is located 210 Km north from Mullewa and 310Km by road north from the Port of Geraldton. Eight holes were drilled logged and sampled this season. Preliminary whole rock assays were announced with the June Quarterly Report at which time analysis was underway to determine DTR grades included in this announcement. Test work is also currently being undertaken on a PQ diamond hole AHRC0089D to determine the nature of the ore and how to best characterise the ore in order to develop tests that will ultimately lead to the design of a processing flow sheet. From within the intersections reported 29 July 2016, Table 2, a total of 99 samples were selected for Davis Tube Testing. The samples from each intersection were selected and combined to form composites representative of each intersection. A total of 31 composites were assembled and following a grind establishment were milled to 90µm to achieve liberation of the magnetite ore. Magnetic content of each composite was recorded and averaged for the intersection and total recovery of the Fe3O4 calculated and is recorded in Table 3. The Byro Iron Ore Project is strategically located in the Midwest Iron province which includes a substantial mining sector. The projects southern boundary is 210km north of the Mullewa Rail Siding by road and 310km from the Port of Geraldton. Development of the Byro Iron project is expanding the overall resource in the Midwest region along with neighbours at the Gindalbie and Ansteel’s Karara Iron Project, Sinosteel’s Weld Range Project, the proposed Jack Hills Expansion Project, Padbury’s Robinson Range Project, and Mt Gibson’s Extension Hill Mine, amongst others. Access and improved infrastructure to the maturing iron ore province is growing with development of the CSIRO SKA Project and increased capacity and further development at the Port of Geraldton. | |
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