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Carpentaria Exploration Ltd.
Summary
| Project: | Hawsons | |
|---|---|---|
| Deposit: | Hawsons | |
| Location: | Australia | |
| Commodities: | Iron-Silica-Aluminium-Phosphorus-Sulphur | |
| Date: | 1/16/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-1-2017: Carpentaria Exploration Ltd. announces an Exploration/Drilling Update report for its Hawsons deposit at the Hawsons project. Drilling results incl. 174m @ 70.1% Fe (15.3 Magnetite Mass Recovery). Confidence in the quality of the Hawsons resourc | |
| Resources: | (Resource, I+I): 1.77Bt @ 69.7% Fe | |
| CP/QP: | [Overall Report]: Q.S. Hill (Internal) | |
| ABSTRACT: | Confidence in the quality of the Hawsons resource continues to grow, after emerging iron producer Carpentaria Exploration Limited (ASX:CAP) announced today more positive results from the latest drilling at its flagship project near Broken Hill. Completed in December 2016, the programme has been designed to support a resource upgrade expected shortly after final results are received, in addition to a planned new prefeasibility study for the project located just 60km from the Silver City. Drilling comprising 5,963m of 20 reverse circulation (RC) holes was completed prior to Christmas 2016, with preliminary results for 12 holes reported on 20 December 2016 (refer ASX announcement) and another four holes returned last week (Figure 1, Table 2). Commenting on the latest results, Carpentaria’s Managing Director, Quentin Hill said they are another step toward a resource upgrade in a project capable of producing the highest grade product in the seaborne market. “These results provide further evidence that the existing Hawsons Inferred Resource is very robust and, where infill drilling is undertaken, the Company is hopeful of high conversion rates to Indicated Resources. Carpentaria is on track to deliver a new resource estimate that could support a revised mine plan for use in a planned prefeasibility study for Hawsons, due in quarter two of this calendar year, potentially providing a major boost to the project’s development,” Mr Hill said. | |
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