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Fe Ltd.
Summary
| Project: | Hillside | |
|---|---|---|
| Deposit: | Hillside | |
| Location: | Australia | |
| Commodities: | Silver-Cobalt-Copper-Zinc-Gold | |
| Date: | 2/10/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-2-2020: Fe Ltd. announces an Exploration/Drilling Update report for its Hillside deposit at the Hillside project. Drilling results incl. 1m @ 0.74% Cu, 349ppm Co, 0.41% Zn, 0.14ppm Au from 83m. Fe Limited (ASX: FEL) (FEL or the Company) recently comple | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Olaf Frederickson (Not stated) | |
| ABSTRACT: | Fe Limited (ASX: FEL) (FEL or the Company) recently completed its first phase of preliminary drilling at the Hillside project. The drilling was targeting underground extensions to the periodically outcropping mineralised gossan identified during previous reconnaissance. A total strike length of 14km was mapped and sampled at outcrop resulting in high grade rock chip results as reported in ASX announcement 9 October 2019. A total of 1798m from 36 holes were drilled at approximately 1km intervals along the length of the mapped gossan in a first pass drilling program targeting down dip extensions to the outcropping mineralisation. Very little targeting data was available, and first pass hole locations were chosen using estimated dip and dip direction from the interpreted lineament of the mineralised strike. Supporting information included field observations, a coincident westerly dipping magnetic anomaly with its eastern extent coinciding roughly with the interpreted gossan lineament and the presence of highly leached surface lithologies indicating the possibility of sulphides at depth. In order to minimise expense, all samples were pulverised and split in the lab with a total of 1,071 (including duplicates) select samples sent for assay based on the logged presence of quartz or visible sulphides. The remainder of the samples will be checked by portable XRF and sent for assay if anomalous results are returned. | |
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