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Freehill Mining Ltd.
Summary
| Project: | Yerbas Buenas | |
|---|---|---|
| Deposit: | Yerbas Buenas | |
| Location: | Chile | |
| Commodities: | Iron | |
| Date: | 1/28/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-1-2020: Freehill Mining Ltd. announces an Exploration/Drilling Update report for its Yerbas Buenas deposit at the Yerbas Buenas project. Drilling results incl. 202m @ 25.6% Fe from 38m. Freehill Mining Limited (ASX: FHS ‘Freehill’ or ‘the Company’) is | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter Hinner (Internal) | |
| ABSTRACT: | Freehill Mining Limited (ASX: FHS ‘Freehill’ or ‘the Company’) is pleased to announce that the diamond drilling campaign carried out at the Company’s 100%-owned Yerbas Buenas project was successfully completed in late December and early assays are indicating extremely encouraging iron results with more high grade magnetite encountered. Twenty holes were drilled using two diamond drill rigs with 4,805 metres drilled. Eighteen of the holes targeting new magnetite mineralisation in the recently acquired Arenas XI tenement (see ASX announcement 2 September 2019). To date, two of the 20 holes have been assayed and both holes have returned significant intersections of magnetite over long intervals (see Table 2 below and refer highlights above). Ore preparation of the diamond core is being carried out at Australian Laboratory Services (ALS) in Coquimbo, Chile with the pulps sent to the ALS Iron Ore Technical Centre laboratory in Perth, Australia for analysis. All samples will initially undergo XRF and Magnasat analyses with selected samples having Davis Tube analysis. | |
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