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Heron Resources Ltd.

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Summary

Project:

Kangiara

Deposit:Crosby
Location:Australia
Commodities:Gold-Copper-Lead-Zinc-Silver-Arsenic-Molybdenum
Date:6/20/2017
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:20-6-2017: Heron Resources Ltd. announces an Exploration/Drilling Update report for its Crosby deposit at the Kangiara project. Drilling results incl. 42m @ 0.20g/t Au, 0.26% Cu from 4m. Heron Resources Limited (ASX:HRR TSX:HER, “Heron” or the “Company”)
Resources:x
CP/QP:[Overall Report]: David von Perger (Internal)
ABSTRACT:Heron Resources Limited (ASX:HRR TSX:HER, “Heron” or the “Company”) is pleased to report the results of a reconnaissance RAB drilling program at the Crosby prospect within its wholly-owned Kangiara Project (EL8400), located 200km south-west of Sydney, New South Wales, Australia. The Kangiara Project is located 90km NW of Woodlawn and 26km NNW of the town of Yass, and is a historical copper mine where previous explorers (to 2014) have delineated a small, low-grade, gold, silver, copper, lead, zinc deposit (non JORC). The geology comprises felsic volcanic and related sedimentary rocks of the Silurian Douro Group (Figure1). A program of 33 rotary air-blast (RAB) holes for 743m was completed in May 2017 providing a first pass test of the soil geochemical anomalies (Figure 2). The majority of the drilling was focused on the Crosby Main target plus 2 lines to the north providing coverage of the northern geochemical anomalies, and was conducted with the RAB hammer which provided dry and relatively contamination free penetration into the weathered and altered rocks. The drill holes encountered a thin residual regolith cover before penetrating the Silurian sequence of dacitic intrusive rocks with lesser intercalated breccias and shales. Pervasive sericite alteration and fine grained disseminated pyrite (phyllic alteration) was observed in many of the holes, with lesser biotite and some fine-grained base metal sulphides. Where alteration was strong, the rig was able to penetrate deeper; the deepest intercept was in strong alteration from surface to a depth of 64m (CRRB024) which was close to the capacity of the rig.

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