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Force Commodities Ltd.
Summary
| Project: | Halls Peak - Gibson | |
|---|---|---|
| Deposit: | Halls Peak - Gibson | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 12/29/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-12-2016: Force Commodities Ltd. announces an Exploration/Drilling Update report for its Halls Peak - Gibson deposit at the Halls Peak - Gibson project. Drilling results incl. 11.2m @ 19.71% Zn, 10.77% Pb, 0.8% Cu, 134.96g/t Ag, 0.23g/t Au from 8.4m. Fo | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Richard Robertson (Not stated) | |
| ABSTRACT: | Force Commodities Ltd (ASX: SOC) (Force Commodities or the Company) is pleased to announce the release of significant mineralised drill results from the 100% owned Halls Peak – Gibson Project (EL4474), intersecting massive sulphide bands of high grade Zinc (Zn), Lead (Pb), Copper (Cu), Gold (Au) and Silver (Ag). The developing picture at Halls Peak as shown by the most recent results from holes SG04, SG05 and SG06 is a hugely encouraging. With a relatively large amount of new data from the above holes, Force Commodities geologists are now working on deciphering the many clues and pieces of evidence from drill hole logs to produce a spatially true model of the deposit based on the Kuroko massive sulphide type-example (Figure 1). The significance of these results are evident and affirmation of the board’s decision to expedite its phase 3 drilling campaign early next year and extract the maximum value for shareholders from this project. Managing Director Mr Rocco Tassone commented “Features of Kuroko style deposits such as Cu enrichment seen toward the base of the system, pervasive diagenetic and hydrothermal alteration within country rocks, not to mention the lithological association itself, are being recognised at Halls Peak and to that end can be capitalised in terms of a valid exploration model. This process will ensure the best information available is used in targeting further drill holes, which in turn gives the Company its best chance of discovering the most economically significant parts of the system”. | |
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