For thousands of other reports visit RSC's Mineral Intellingence Map
Hardey Resources Ltd.
Summary
| Project: | Grace | |
|---|---|---|
| Deposit: | Grace | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/20/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-2-2018: Hardey Resources Ltd. announces a Resource Estimation report for its Grace deposit at the Grace project. Initial Inferred Resource at Grace. Hardey Resources Limited (“Hardey” or “the Company”) (ASX: HDY) is pleased to announce a maiden Mine | |
| Resources: | (Resource, Inf.): 1.59Mt @ 1.35g/t Au for 69koz contained at Grace | |
| CP/QP: | [Resources]: Bill Oliver (Billandbry Consulting Pty Ltd.) | |
| ABSTRACT: | Hardey Resources Limited (“Hardey” or “the Company”) (ASX: HDY) is pleased to announce a maiden Mineral Resource at the 100% owned Grace Project in the Telfer Region of Western Australia. The Mineral Resource comprises 1.59Mt at a grade of 1.35g/t for 69,000 contained ounces of gold (all in the Inferred category, refer Appendix 1). The Mineral Resource estimate has been carried out on a portion of the mineralised zone at Grace (1,140m strike length of a total strike length of 4,130m) where drilling is at an adequate spacing, and uses appropriate techniques (RC and diamond core) to support the estimate. The remainder of the mineralisation is delineated by RAB drilling and wide spaced RC and diamond core drilling. The Mineral Resource is open along strike and at depth, and does not incorporate the results of the recent review completed by Hardey Resources which indicated the potential for high grade mineralisation to be controlled by flat lying; NW dipping structures (refer ASX Announcement 23rd January 2018). In addition to the Mineral Resource an Exploration Target of between 2.2 and 2.8 Mt at a grade between 0.9 and 1.3 g/t has been defined (Appendix 1). This corresponds to a potential content of between 64,000 and 117,000 ounces of gold, though it should be noted that the tonnage and grade of the Exploration Target is conceptual, that there is insufficient exploration in the area of the Exploration Target to estimate a Mineral Resource and it is uncertain if future exploration will result in the estimation of a Mineral Resource. The Exploration Target is based on mineralisation intersected in both near surface RAB drilling and deep diamond drilling. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report