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Hawkstone Mining Ltd.
Summary
| Project: | Big Sandy | |
|---|---|---|
| Deposit: | Big Sandy | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 3/28/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-3-2019: Hawkstone Mining Ltd. announces a Resource Estimation report for its Big Sandy deposit at the Big Sandy project. Exploration target for Big Sandy project. Hawkstone Mining Limited (ASX:HWK) (“Hawkstone”, “the Company”) is pleased to announce an | |
| Resources: | Exploration Target: 242.1Mt - 417.6Mt @ 1000 - 2000ppm Li | |
| CP/QP: | [Overall Report]: Greg Smith (Internal) | |
| ABSTRACT: | Hawkstone Mining Limited (ASX:HWK) (“Hawkstone”, “the Company”) is pleased to announce an Exploration Target for its Big Sandy clay hosted lithium project. The Company has already commenced testing the target via a 37-hole diamond drill program (see ASX announcement dated 21 February 2019). This program follows the successful maiden drilling program (see ASX announcement dated 13 November 2018) which confirmed lithium mineralisation across the project area. Assay results from the initial drill holes in the program are pending. EXPLORATION TARGET - BIG SANDY LITHIUM CLAY PROJECT Considerable exploration has been completed on the Big Sandy Lithium Project in the form of geological mapping, surface sampling and a Phase 1 drilling program, enabling the definition of the Northern Mineralised Zone as well as an area in the southern claim area that contains large areas of flat lying lithium bearing lacustrine clays. This data has been used in the estimation of an Exploration Target for the Big Sandy Project of 242.1Mt to 417.6Mt at 1,000 - >2,000ppm Lisummarised below in Table 1. Note that the potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a mineral resource and it is uncertain whether future exploration will result in the definition of a mineral resource. | |
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