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Carawine Resources Ltd.
Summary
| Project: | Fraser Range JV | |
|---|---|---|
| Deposit: | Big Bullocks | |
| Location: | Australia | |
| Commodities: | Nickel-Copper | |
| Date: | 10/31/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 31-10-2019: Carawine Resources Ltd. announces an Exploration/Drilling Update report for its Big Bullocks deposit at the Fraser Range JV project. Drilling results incl. 1m @ 808ppm Ni, 728ppm Cu from 45m. The Fraser Range Project includes 6 granted explora | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Micheal Cawood (Internal) | |
| ABSTRACT: | The Fraser Range Project includes 6 granted exploration licences in five areas: Red Bull, Bindii, Big Bullocks, Similkameen and Big Bang in the Fraser Range region of Western Australia. The Project is considered prospective for magmatic nickel-sulphide deposits such as Independence Group NL’s (IGO) Nova nickel-copper-cobalt operation (Figure 13). Carawine has a joint venture with IGO over the Red Bull, Bindii, Big Bullocks and Similkameen tenements (the Fraser Range Joint Venture). IGO are managing and operating the joint venture, they currently hold a 51% interest and can earn an additional 19% interest in the tenements by spending $5 million by the end of 2021. Encouraging results have been reported by IGO from the Fraser Range JV, including elevated silver (Ag), copper (Cu), lead (Pb) and zinc (Zn) assay values from RC drilling targeting an interpreted MLEM conductor identified at the Aries prospect (Similkameen tenement), and anomalous Ni values returned from AC drilling on the Big Bullocks tenement at the newly defined Big Bullock 1 prospect. | |
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