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Hastings Technology Metals Ltd.
Summary
| Project: | Yangibana | |
|---|---|---|
| Deposit: | Frasers Southwest-Auer | |
| Location: | Australia | |
| Commodities: | Rare Earth | |
| Date: | 11/21/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-11-2016: Hastings Technology Metals Ltd. announces an Exploration/Drilling Update report for its Frasers Southwest-Auer deposit at the Yangibana project. Drilling results incl. 10m @ 2.08% TREO from 98m. The Directors of Hastings Technology Metals Limi | |
| 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 further drilling results from the Fraser’s Southwest area confirm a northern extension of the recently‐ reported discovery of Auer deposit. Both Auer and the newly‐ identified Auer North deposit host potentially mineable resources, adding to the known resources within the Yangibana Project, located in the Gascoyne Province of Western Australia. Results from Auer North indicate three mineralised zones each of approximately 250m strike length within the 1.6 km drill‐tested to date. The mineralisation remains open at depth and to the north, providing opportunities for further extension to this mineralisation. Assays have also been received from an exploration hole drilled 100m to the west of the previous drilling at Bald Hill South, returning 6m at 1.47%TREO. Three holes drilled at Fraser’s intersected the mineralised, and water‐bearing, zone. The north‐western‐most hole encountered the projected extension of a high‐grade mineralised shoot intersected in recent drilling further southeast. Assays are awaited. The majority of the assays from the drilling programme at Fraser’s Southwest have been received and the northern extension of the recently discovered Auer deposit has been confirmed. This extension, Auer North, has been tested over 1.6km with mineralisation of economic interest identified in three 250m long zones. These zones correlate well with higher magnetic areas defined in the recent aeromagnetic/radiometric survey flown over the Project. Table 1 provides the best intersections from the Auer North prospect. True widths are estimated to be approximately half of the intersected width. | |
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