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GWR Group Ltd.
Summary
| Project: | Hatches Creek | |
|---|---|---|
| Deposit: | Treasure, Pioneer, Copper Show, Hit or Miss | |
| Location: | Australia | |
| Commodities: | Tungsten-Copper-Gold | |
| Date: | 3/14/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-3-2017: GWR Group Ltd. announces an Exploration/Drilling Update report for its Treasure, Pioneer, Copper Show, Hit or Miss deposit at the Hatches Creek project. Drilling results incl. 7m @ 0.73% WO3, 0.135 Cu from 63m. GWR Group Limited (ASX: GWR) (“GW | |
| Resources: | (Resource, Inf.): 85600t @ 0.66% WO3 at Pioneer | |
| 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 Reverse Circulation (RC) drilling at the Hatches Creek Project in the Northern Territory has successfully intersected tungsten mineralisation (WO3) as well as copper (Cu) and gold (Au) at some of the prospects. GWR tested four prospects in this initial drilling campaign, with targets assessed based on previous dump sampling, mapping and accessibility. At Treasure, broad zones of tungsten and copper mineralisation were intersected. At Pioneer, the Company intersected multiple stacked zones of mineralisation that correspond with historical mining zones. At Copper Show, tungsten and copper mineralisation were of a similar tenor in the intersected holes. GWR’s Chief Executive Officer, Craig Ferrier, said “These are excellent results from what was the first modern drilling program ever completed at Hatches Creek. “While further drilling is required before we can confidently say that we have made a new polymetallic discovery, the success rate that we have had in this first program coupled with the grades and widths encountered, offers significant upside potential for shareholders.” The recent RC program tested four target areas and a further 11 targets remain. GWR has an approved Environmental Management and Monitoring Plan (EMMP) from both the NT Mines Department and Work Program from Central Land Council (CLC) to also drill at the Black Diamond, Copper Show, Bonanza, Hens and Chicken, Masters Gully and Kangaroo Group target areas. Based upon the highly JUNE 20 16 successful results to date, testing these targets is more than justified and GWR plans to undertake this as soon as practicably possible. It is planned to also submit an EMMP to the NT Mines Department and CLC to test possible strike extensions to the mineralisation already identified and to also test additional target areas. | |
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