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Hawkstone Mining Ltd.
Summary
| Project: | Big Sandy | |
|---|---|---|
| Deposit: | Big Sandy | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 9/26/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-9-2019: Hawkstone Mining Ltd. announces a Resource Estimation report for its Big Sandy deposit at the Big Sandy project. Initial mineral resource estimate for project. Hawkstone Mining Limited (ASX:HWK) (“Hawkstone”, the “Company”) is pleased to announ | |
| Resources: | (Resource, I+I): 32.5Mt @ 1850ppm Li for 60300t Li contained | |
| CP/QP: | [Resources]: Daniel Saunders (Cube Consulting Pty Ltd.) | |
| ABSTRACT: | Hawkstone Mining Limited (ASX:HWK) (“Hawkstone”, the “Company”) is pleased to announce a maiden Mineral Resource Estimate for its Big Sandy sedimentary lithium project, located approximately 2.5 hours drive northwest of Arizona’s state capital, Phoenix. The total Indicated and Inferred Mineral Resource has been estimated by Cube Consulting in accordance with the guidelines set out by the JORC Code (2012). Cube Consulting estimated the total resources in Block A of the Northern Mineralised Zone (“Resource”) at 32.5 Million tonnes grading 1,850 ppm Li containing 60,300 tonnes of lithium metal, which equals 320,800 tonnes Lithium Carbonate Equivalent (“LCE”). This includes a higher-grade zone of 12.7 Mt grading 2,360 ppm Li above a cut-off of 2,000 ppm Li for 159,500 tonnes LCE, representing 49% of the total contained LCE. This estimate follows the successful completion of the Phase 2 diamond drilling program (37 HQ diamond holes totalling 2,881m), focused on Block A in the Northern Mineralised Zone. Previous drilling results from the Phase 1 drilling program in conjunction with the results of geological mapping and surface sampling identified the area as having significant potential. | |
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