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Hastings Technology Metals Ltd.
Summary
| Project: | Yangibana | |
|---|---|---|
| Deposit: | Frasers | |
| Location: | Australia | |
| Commodities: | Rare Earth | |
| Date: | 8/8/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 8-8-2018: Hastings Technology Metals Ltd. announces an Exploration/Drilling Update report for its Frasers deposit at the Yangibana project. Drilling results incl. 9m @ 3.03% TREO from 11m. Hastings Technology Metals Limited (ASX:HAS) is pleased to announc | |
| Resources: | (Reserve, Prob.): 7.742Mt @ 1.13% TREO at project | |
| CP/QP: | [Overall Report]: Russell Mortimer (Southern Geoscience Consultants Pty Ltd.) | |
| ABSTRACT: | Hastings Technology Metals Limited (ASX:HAS) is pleased to announce the results of a detailed interpretation completed by independent consultants Southern Geoscience Consultants (SGC) on specific targets indicated in its earlier assessment of the Company’s 2016 aeromagnetic and radiometric survey data. The interpretation has identified a major aeromagnetic anomaly that warrants drill testing, and indicated potential extensions of the defined resources at Auer and Auer North. Results from recently-completed infill reverse circulation (RC) drilling at the Fraser’s deposit are in line with expectations. RC and diamond drilling are now under way to increase Indicated Resources and thence reserves at the Auer and Auer North deposits. AEROMAGNETIC ANOMALY SGC’s recent work has concentrated on a number of targets in the Fraser’s Southwest area being the area that lies between Fraser’s deposit in the east and the Auer and Auer North deposits in the west (Figure 1). The major anomaly occurs predominantly in the southern corner of E09/2018 and has been modelled with a significant target as shown in Figures 2 and 3. | |
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