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Hardey Resources Ltd.
Summary
| Project: | Cera | |
|---|---|---|
| Deposit: | Cera, Sharptooth | |
| Location: | Australia | |
| Commodities: | Vanadium | |
| Date: | 8/22/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-8-2018: Hardey Resources Ltd. announces an Exploration/Drilling Update report for its Cera, Sharptooth deposit at the Cera project. Historic drilling results incl. 5m @ 0.48% V2O5 from 10m. Hardey Resources Executive Chairman, Terence Clee commented: “ | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Nicholas Ryan (Xplore Resources Pty Ltd.) | |
| ABSTRACT: | Hardey Resources Executive Chairman, Terence Clee commented: “The geology team have done a superb job uncovering incremental data points which enhances the prospect of generating a JORC compliant resource across the four Queensland projects and de-risks them further. Moving forward, the Board is increasingly optimistic that Hardey Resources can develop future vanadium supply chains from Australia and Argentina judging by the encouraging results already evidenced.” *** Hardey Resources Limited’s (ASX: HDY) (“HDY” or “the Company”) Board is pleased to present an update on due diligence work being undertaken on the four highly prospective Queensland vanadium owned by VanMin The geology team have undertaken a thorough review of the geological data available across VanMin’s four Queensland projects – Sharptooth, Spike, Cera and Petrie – and believe there is sufficient information to geologically model, estimate and report under the JORC (2012) Code for vanadium mineralisation. A key finding was discovering there are 383 air-core drill-holes available, which is nearly double the circa 170 initially reported on 13 August 2018. In short, this is a positive development as it further de-risks the prospectivity for Queensland projects. | |
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