For thousands of other reports visit RSC's Mineral Intellingence Map
Hawkstone Mining Ltd.
Summary
| Project: | Big Sandy | |
|---|---|---|
| Deposit: | Big Sandy | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 8/28/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-8-2019: Hawkstone Mining Ltd. announces a Resource Estimation report for its Big Sandy deposit at the Big Sandy project. Exploration Target increases by 15%. Hawkstone Mining Limited (ASX:HWK) (“Hawkstone”, the “Company”) is pleased to announce that ad | |
| Resources: | Exploration Target: 280.1 - 492.6Mt @ 1000 -> 2000ppm Li | |
| CP/QP: | [Overall Report]: Gregory Smith (Internal) | |
| ABSTRACT: | Hawkstone Mining Limited (ASX:HWK) (“Hawkstone”, the “Company”) is pleased to announce that additional exploration has resulted in a 15% increase in the size of the Exploration Target for its Big Sandy sedimentary lithium project, located approximately 2.5 hours’ drive northwest of Arizona’s state capital, Phoenix. Geological mapping and surface sampling in the southern portion of the project have better defined the extent of mineralised sedimentary material in a previously underexplored area. This announcement closely follows the completion of drill testing the Block A Exploration Target in the Northern Mineralised Zone as part of the Company’s Phase 2, 37-hole diamond drill program1,2,3,4,5,6,7,8,9 . This program successfully intersected lithium mineralisation in all holes, with the results being used towards the estimation of a targeted maiden JORC compliant resource, which is anticipated for completion by the end of September 2019. In addition to the exploration previously completed on the Big Sandy Lithium Project, recent geological mapping and sampling in the southern claim area has resulted in the identification of the potential for between 38Mt and 75Mt at 1,000 to 1,500ppm Li (SMZ Block 2) in an area lying to the NE of the previously identified potential in the Southern Mineralised Zone (SMZ Block 1), for an increase of 15% in the total estimation of an Exploration Target for the Big Sandy Project from 242.1Mt to 417.6Mt at 1,000 - >2,000ppm Li to between 280.1Mt to 492.6Mt at 1,000 - >2,000ppm Li as summarised 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. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report