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Hastings Technology Metals Ltd.
Summary
| Project: | Yangibana | |
|---|---|---|
| Deposit: | Frasers Southwest-Auer | |
| Location: | Australia | |
| Commodities: | Rare Earth | |
| Date: | 10/25/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-10-2016: Hastings Technology Metals Ltd. announces an Exploration/Drilling Update report for its Frasers Southwest-Auer deposit at the Yangibana project. Drilling results incl. 8m @ 1.68% TREO from 8m at Auer. The Directors of Hastings Technology Metal | |
| Resources: | (Resource, I+I): 12.36Mt @ 1.10% TREO at Yangibana | |
| CP/QP: | [Overall Report]: Andy Border (Internal) | |
| ABSTRACT: | The Directors of Hastings Technology Metals Limited (ASX:HAS) are pleased to announce that initial drilling results from the Fraser’s Southwest area has identified a new deposit, Auer, with potential for additional mineable resources within the Yangibana Project, in the Gascoyne Province of Western Australia. Assays have been received from drilling of the previously untested Auer, Mosander and Demarcay prospects. Results from Auer are particularly encouraging, indicating the delineation of an 800m‐long mineralised zone that remains open to the north and at depth, with other zones also identified. Hastings has now completed the first phase of drilling at Fraser’s Southwest with the rig now relocated to Bald Hill where hydrology drilling has commenced. A total of 7,239 m of reverse circulation drilling was completed in 124 holes during the programme. Assay results from the remaining holes are expected in the coming weeks. Ongoing drilling to identify additional resources in the Fraser’s Southwest area has intersected the target ironstone‐ and phoscorite hosted rare earths mineralisation at all sites tested. At Auer, mineralisation has been intersected both in the outcropping area as identified in rock chip sampling earlier this year and in the northern extension (Auer North) where the target occurs under cover and was only defined by the recent aeromagnetic data. Assay results have been received from drilling of the Auer, Mosander and Demarcay prospects. Figure 1 shows the location of these prospects in relation to Hastings’ other deposits and prospects in the Yangibana Project. | |
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