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Freehill Mining Ltd.
Summary
| Project: | Yerbas Buenas | |
|---|---|---|
| Deposit: | Yerbas Buenas | |
| Location: | Chile | |
| Commodities: | Iron | |
| Date: | 12/2/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-12-2019: Freehill Mining Ltd. announces an Exploration/Drilling Update report for its Yerbas Buenas deposit at the Yerbas Buenas project. Drilling results incl. 91m @ 47% Fe from 37m. Chile focused magnetite project development company and copper explor | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter Hinner (Internal) | |
| ABSTRACT: | Chile focused magnetite project development company and copper explorer Freehill Mining Limited (ASX:FHS; “Freehill” or “the Company”) is pleased to report that more high grade magnetite has been intersected during the ongoing drill program underway at the Company’s 100%-owned Yerbas Buenas project. Drilling of the YB6 magnetite structure continues to encounter thick (massive) intersections of high grade magnetite (see Figures 1 & 2). Testing carried during the Company’s trial mining and processing period as well as Davis Tube laboratory tests done during the maiden drilling program (see ASX – 5 th March 2019) confirm that mineral grades similar to those quoted below can be readily upgraded to high quality concentrates of 64- 68% Fe. Pleasingly, high grade magnetite is evident in core from near surface and grade is increasing at depth. | |
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