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Flinders Mines Ltd.
Summary
| Project: | Canegrass | |
|---|---|---|
| Deposit: | Kinks | |
| Location: | Australia | |
| Commodities: | Vanadium-Titanium-Iron-Aluminium | |
| Date: | 1/22/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-1-2019: Flinders Mines Ltd. announces an Exploration/Drilling Update report for its Kinks deposit at the Canegrass project. Drilling results incl. 12.0m @ 0.54% V2O5, 28.04% Fe, 5.23% TiO2 from 105m. Flinders commissioned mining industry consultants CS | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mark Pudovskis (CSA Global Pty Ltd.) | |
| ABSTRACT: | Flinders commissioned mining industry consultants CSA Global Pty Ltd (CSA Global) to design and execute an exploration work Programme at the Canegrass Project and prepare documentation in accordance with the JORC Code (2012 Edition)1 . Activities during 2018 targeted both extensions to the Vanadium Inferred Mineral Resource (ASX announcement 30 January 2018) and potential gold mineralisation at the Honeypot prospect. Anomalous gold was previously reported by Flinders over the Honeypot prospect (ASX announcement 22 May 2015). The Vanadium Mineral Resource outline and the Honeypot anomalous zones are illustrated in Figure 2. The Canegrass Project covers an area of approximately 700 km2 and hosts laterally extensive ironvanadium-titanium-(Fe-V-Ti) bearing horizons within the Windimurra Igneous Complex. Exploration Update Flinders is pleased to update the market with the results of an exploration programme that was completed at the Canegrass Project in September 2018. While the drilling was completed in September 2018, the results have now been received and verified. The Programme is summarised: Gold - Honeypot Three reverse circulation (RC) drill holes for 320m targeted the potential depth extension of an outcropping quartz vein mapped at surface on E58/236. In addition, six air-core (AC) holes for 198m were drilled in an attempt to confirm previous drill results from the 2014 / 2015 AC Programme undertaken by Flinders. This included testing an extension of a significant intercept of 8m @ 2g/t Au from 12m (Drill hole HAC022, ASX announcement 22 May 2015) along north-south oriented shear zones. | |
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