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GWR Group Ltd.
Summary
| Project: | Hatches Creek | |
|---|---|---|
| Deposit: | Hit or Miss | |
| Location: | Australia | |
| Commodities: | Tungsten-Copper-Molybdenum | |
| Date: | 9/14/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-9-2017: GWR Group Ltd. announces an Exploration/Drilling Update report for its Hit or Miss deposit at the Hatches Creek project. Drilling results incl. 102m @ 0.27% WO3, 0.18% Cu, 0.02% Mo from 0m (no cut). GWR Group Limited (ASX: GWR) (“GWR” or “the C | |
| 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 5 RC holes from the 33 hole program completed at the Hatches Creek Polymetallic (tungsten, gold, copper) Project in the Northern Territory (Figure 1). All results are from the Hit or Miss prospect (Figure 2) where a total of 12 holes were drilled. All 5 drill holes have intersected multiple mineralised structures and significant intercepts are listed in Table 1. All assay results are provided in Appendix 1. Anomalous and significant copper is also present and in some cases molybdenite confirming the polymetallic nature of the mineralisation. On this basis results have also been reported as a WO3 equivalent (“WO3 Eqv”). Appendix 2 contains the JORC 2012 Table 1 and this describes the method used to calculate WO3 Eqv. Importantly the mineralisation is currently open along strike and down dip. Intercepts achieved in HCRC024, HCRC025 and HCRC028 are all extensional. HCRC028 hit 4 individual zones of mineralisation over a down hole width of 102m and this mineralised envelope averaged 102m at 0.15% WO3, 0.18% Cu, 0.02% Mo (0.20% WO3 Eqv) from 0m and ended in mineralisation (5% WO3 upper cut applied). This mineralisation is along strike from HCRC011, which intersected 5 mineralised structures and returned an intercept of 36m at 0.18% WO3 and 0.24% Cu for a 0.23% WO3 Eqv (see ASX Release; Exceptional Results from Maiden RC Drilling Program Hatches Creek March 2017). | |
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