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Hawkstone Mining Ltd.
Summary
| Project: | Big Sandy | |
|---|---|---|
| Deposit: | Big Sandy | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 8/14/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-8-2019: Hawkstone Mining Ltd. announces an Exploration/Drilling Update report for its Big Sandy deposit at the Big Sandy project. Drilling results incl. 34.0m @ 1966ppm Li from 31.0m. Hawkstone Mining Limited (ASX:HWK) (“Hawkstone”, the “Company”) is p | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Gregory Smith (Internal) | |
| ABSTRACT: | Hawkstone Mining Limited (ASX:HWK) (“Hawkstone”, the “Company”) is pleased to announce final results from its 37-hole diamond drill program, at the Company’s flagship Big Sandy Lithium Project, located approximately 2.5 hours’ drive northwest of Arizona’s state capital, Phoenix (Figure 4). During 2018, Hawkstone announced that Phase 1 of its diamond drilling program (circa 1,500m) had successfully identified a sediment hosted lithium mineralised zone measuring 3,000m x 1,000m (Northern Mineralised Zone). The recently completed 37-hole Phase 2 diamond drill program totalling 2,671m commenced in mid-February 2019, to test a portion of the sediment hosted lithium mineralisation within the Northern Mineralised Zone. This announcement summarises assay results received from the remaining 3 diamond drill holes completed at the Big Sandy project (DHQ2, DHQ6 and DHQ32A). Hawkstone Mining Limited’s Managing Director Paul Lloyd commented: “Hawkstone’s Big Sandy project has delivered exceptional results as the Company has successfully progressed through the 37-hole diamond drill program. High grade intercepts have continued, and the assay results from the last 3 diamond drill holes further demonstrate the significant potential of the Big Sandy project, and importantly, mineralisation remains open to the north, south and west. This is especially significant for drill hole DHQ32A located 100m to the west of the most north-westerly hole in the program DHQ3, as it shows the known mineralisation to continue to the west outside of the limits of the planned program and places the Company in a very strong position to significantly expand the resources through further drilling. The Company will now progress towards the expected compilation of its targeted maiden JORC Resource in late September 2019 and is currently in the process of appointing consultants to conduct a pre-feasibility study.” | |
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