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Hexagon Resources Ltd.
Summary
| Project: | McIntosh | |
|---|---|---|
| Deposit: | Emperor, Wahoo | |
| Location: | Australia | |
| Commodities: | Graphite | |
| Date: | 2/8/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-2-2017: Hexagon Resources Ltd. announces an Exploration/Drilling Update report for its Emperor, Wahoo deposit at the McIntosh project. Drilling results incl. 77m @ 5.0% TGC from 104m. Hexagon Resources Limited ("Hexagon") is pleased to announce the assa | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Tony Cormack (Internal) | |
| ABSTRACT: | Hexagon Resources Limited ("Hexagon") is pleased to announce the assay results from the 2016 drilling program at the Emperor and Wahoo prospects at its 100% owned McIntosh Flake Graphite Project in the East Kimberley, Western Australia. These thick flake graphite intercepts will add significant tonnage to the project, with work nearing completion on the updated JORC 2012 compliant resources. "The 2016 resource definition drilling results have confirmed thick intersections of flake graphite at McIntosh. These results will feed into a reserve base to support an initial 10 year mine life and together with the 2016 XCite electromagnetic survey results, expected to more than double the Exploration Target Estimate for the project, confirm McIntosh as a globally significant flake graphite project” commented Hexagon’s CEO / Head of Operations, Tony Cormack. Updated JORC compliant resources for Emperor and Wahoo will form the majority of resource / reserve base for the PFS calculations. These broad intercepts highlight the huge size potential of the McIntosh project, and along with the recent bulk scale metallurgical results, demonstrate the quality and purity of the flake graphite. A total of 28 diamond and 25 RC drill holes have been completed at Emperor for a total of 7,497m (see Figure 2). Substantial widths of flake graphite mineralisation associated with a regional scale fold hinge (anticline – convex up) were confirmed (see Figure 3). Mineralisation still remains open in every direction as well as down dip. | |
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