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GWR Group Ltd.
Summary
| Project: | Hatches Creek | |
|---|---|---|
| Deposit: | Hatches Creek | |
| Location: | Australia | |
| Commodities: | Tungsten-Copper-Molybdenum | |
| Date: | 11/8/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-11-2017: GWR Group Ltd. announces an Exploration/Drilling Update report for its Hatches Creek deposit at the Hatches Creek project. Drilling results incl. 7m @ 0.81ppm Au, 1.16% WO3, 0.06% Cu, 97ppm Mo from 38m. GWR Group Limited (ASX: GWR) (“GWR” or “t | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Allen Maynard (Al Maynard & Associates Pty Ltd.) | |
| ABSTRACT: | GWR Group Limited (ASX: GWR) (“GWR” or “the Company”) is pleased to announce that it has received assay results for an additional 14 RC holes from the 33 hole program completed at the Hatches Creek Polymetallic (tungsten, gold, copper) Project in the Northern Territory (Figures 1 and 2). The Company is now compiling all data from the entire program completed in August 2017 and this ASX release has been made on the basis that the results achieved since the announcement on 12th October 2017 are considered to be material. Table 1 lists all of the holes completed in August 2017 and the results in this ASX release are from the Black Diamond, Green Diamond, Bonanza, Pioneer (Figure 3) and Treasure prospects (Figure 4). All significant intercepts are listed in Table 2 and all assay results are provided in Appendix 1. The significant intercepts achieved at Black Diamond, Green Diamond and Bonanza clearly demonstrate that widespread mineralisation is present. In addition to the significant tungsten mineralisation intersected, anomalous and significant copper is also present with sporadic molybdenite confirming the polymetallic nature of the mineralisation and at Pioneer, gold mineralisation is also present. A total of 4 RC drill holes (HCRC046 to HCRC049) were completed at Pioneer and this combined with the RC drilling completed in 2016 has tested the mineralisation over a strike length of approximately 250 m with four lines of holes on an approximate 60 m line spacing (Figure 2). With the exception of HCRC048, which intersected old mine workings all holes from the current program intersected significant tungsten gold and copper with HCRC047 and HCRC049 obtaining high grade intercepts. | |
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