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Carpentaria Exploration Ltd.
Summary
| Project: | Hawsons | |
|---|---|---|
| Deposit: | Hawsons | |
| Location: | Australia | |
| Commodities: | Iron-Silica-Aluminium-Phosphorus-Sulphur | |
| Date: | 2/1/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 1-2-2017: Carpentaria Exploration Ltd. announces an Exploration/Drilling Update report for its Hawsons deposit at the Hawsons project. Drilling results incl. 262m @ 16.7% Fe (Head Fe %) from 92.0m. Emerging iron producer Carpentaria Exploration Limited (A | |
| Resources: | (Resource, I+I): 1.77Bt @ 69.7% Fe (14.9% Magnetite mass recovery) | |
| CP/QP: | [Overall Report]: Q.S. Hill (Internal) | |
| ABSTRACT: | Emerging iron producer Carpentaria Exploration Limited (ASX:CAP) announced today more positive results from the final batch of samples from recent drilling at its flagship Hawsons Iron Project, paving the way for a resource upgrade at Broken Hill’s potential next major mine. Importantly, the latest results indicate the potential for low-cost mining and processing methods at the project, which is located just 60 kilometres south-west of the Silver City and with access to existing rail, port and power infrastructure. Drilling comprising 5,963m in 20 reverse circulation (RC) holes was completed in late Christmas 2016, with preliminary results for 16 holes reported on 20 December 2016 and 16 January 2017 (refer ASX announcements). The programme has been designed to support a resource upgrade followed by a new prefeasibility study, with a new resource expected from the independent H&S Consultants by the end of February. Carpentaria Exploration’s Managing Director, Quentin Hill said: “These results have boosted confidence in the size and continuity of the Hawsons resource. This resource is capable of producing a Hawsons Supergrade product that would be the highest grade product available in the seaborne market. Supergrade would meet the needs of steel makers across Asia and the Middle East increasingly seeking higher productivity, lower emissions and rare direct reduction specification.” | |
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