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Athena Resources Ltd.
Summary
| Project: | Byro | |
|---|---|---|
| Deposit: | Whistlejack | |
| Location: | Australia | |
| Commodities: | Iron | |
| Date: | 10/19/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-10-2016: Athena Resources Ltd. announces an Exploration/Drilling Update report for its Whistlejack deposit at the Byro project. Davis Tube assay results incl. 40m @ 68.52% Fe from 114m. The Whistlejack Magnetite Project is within tenements E09/1781 and | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Liam Kelly (Internal) | |
| ABSTRACT: | The Whistlejack Magnetite Project is within tenements E09/1781 and E09/1507 located 260Km north from Mullewa and 360Km by road north from the Port of Geraldton. The magnetite ore drilled at Whistlejack appears to be a migmatic magnetite and is intimately associated with the Mt Narryer Gneiss. The gneiss is typically within a granulite facies metamorphic terrain which has a coarse grain size and crystalline nature. The ore tested is variable in some characteristics but similar to the Byro style of magnetite in the north Murchison area of the northwest Yilgarn. Overall the ore appears fundamentally different to the magnetite ore found in sedimentary granular iron formations (GIF) and finer banded iron formations (BIF) outside the terrain. Grades announced here are from drilling conducted in compliance with the PoW approvals and EPA Guidance. All holes were designed to encounter target mineralisation below the weathering horizon and up to a maximum 150m depth. All holes were logged and sampled. Further work is underway to determine what test work is required to understand the nature of the ore and how to best characterise the ore in terms of development of tests that will ultimately lead to the design of a processing flow sheet. | |
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