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Coziron Resources Ltd.
Summary
| Project: | Yarraloola | |
|---|---|---|
| Deposit: | Ashburton | |
| Location: | Australia | |
| Commodities: | Iron-Silica-Aluminium-Phosphorus | |
| Date: | 6/1/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 1-6-2017: Coziron Resources Ltd. announces an Exploration/Drilling Update report for its Ashburton deposit at the Yarraloola project. Drilling results incl. 137 m @ 28.32% Fe from 44m. The late 2016 drill programme on the Ashburton magnetite project compl | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Rob Ramsay (Internal) | |
| ABSTRACT: | The late 2016 drill programme on the Ashburton magnetite project completed 10 inclined (-60) RC holes to 200m deep to compliment previously reported results from the 2014 and 2015 drill programs. The 2016 holes were completed to better determine the distribution and grade of mineralisation at the Spinifex Hill, Rossi (previously Discovery North) and Walrus Ridge (previously Discovery South) prospects (Table 1; Fig 2). During drilling, samples were logged for geology and magnetic susceptibility and sampled for geochemistry on 1m intervals. Labelled samples were packed in bulka-bags and dispatched to Bureau Veritas laboratories for extended iron-ore-suite analysis by XRF on fused disks (Full details are presented in Appendix 1). Drill-hole locations and a summary of the iron-suite assay down-hole intercepts through intervals with magnetic susceptibility greater than 10,000 SI units and sub-divided into the Spinifex Hill, Rossi and Walrus Ridge prospects are presented in Tables 1 and 2. Representative cross-sections are presented as Figs 3 to 5. At Spinifex Hill, a cross-section with the interpreted geology and down-hole intercepts indicates that the zone of higher grade (Fe >25%) magnetite mineralisation is at least 300m wide (Fig 3) and intercepts are now reported along a strike length of about 500m (Fig 2). | |
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