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Fenix Resources Ltd.
Summary
| Project: | Iron Ridge | |
|---|---|---|
| Deposit: | Iron Ridge | |
| Location: | Australia | |
| Commodities: | Iron | |
| Date: | 1/23/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-1-2019: Fenix Resources Ltd. announces an Exploration/Drilling Update report for its Iron Ridge deposit at the Iron Ridge project. Drilling results incl. 70.0m @ 64.8% Fe from 72m. The Directors of Fenix Resources Limited (ASX: FEX) (Fenix or the Compa | |
| Resources: | x | |
| CP/QP: | [Overall Report]: James Potter (CSA Global Pty Ltd.) | |
| ABSTRACT: | The Directors of Fenix Resources Limited (ASX: FEX) (Fenix or the Company) are pleased to announce that the Company has received the remainder of the assay results from 12 RC holes from the total RC component (21 holes for 3,534m) of the drilling program completed at its flagship Iron Ridge Project in the Mid-West region of Western Australia (Figure 1). Assay results from eight diamond holes for 1,210m of diamond core (Table 1 & Figure 2) remain pending. Interpretation of current assay results in the vicinity of the current Inferred Mineral Resource have confirmed the previous high grade hematite zone results (64-67% Fe) in the Main BIF unit and the lower grade (57-63% Fe) Little BIF unit to the south (Table 2). The focus of the current drill program was the hematite zone in the Main BIF, targeting its high iron grades and low level of deleterious elements. | |
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