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Hexagon Resources Ltd.
Summary
| Project: | McIntosh | |
|---|---|---|
| Deposit: | McIntosh | |
| Location: | Australia | |
| Commodities: | Graphite | |
| Date: | 4/12/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-4-2017: Hexagon Resources Ltd. announces a Resource Estimation report for its McIntosh deposit at the McIntosh project. Exploration Target Range for McIntosh project. Hexagon Resources Limited (ASX: HXG) is pleased to provide an Exploration Target esti | |
| Resources: | Exploration Target Range: 110 - 220Mt @ 2.5 - 5% TGC | |
| CP/QP: | [Overall Report]: Shane Tomlinson, Mike Rosenstreich (Internal) | |
| ABSTRACT: | Hexagon Resources Limited (ASX: HXG) is pleased to provide an Exploration Target estimate for its McIntosh Flake Graphite Project of between 3 to 11 million tonnes of contained graphitic carbon in addition to the 0.95 million tonnes already delineated in Indicated and Inferred Mineral Resources reported 15 February, 2017. The estimate summarised in Table 1 highlights a significant flake graphite endowment for the Project which should underpin the Company’s efforts to generate offtake for its high quality flake concentrate product. Hexagon’s Managing Director, Mike Rosenstreich commented “we have a great correlation between our drilled resources and the EM responses to arrive at this estimate. It is important for us to be able to demonstrate to potential customers the scale of our project which underpins our pre-feasibility study work and hopefully the development of a long-term graphite business”. An Exploration Target has been determined using a combination of exploration data consisting of mapping and drilling or geophysical modelling of EM data collected from a VTEM survey completed in 2014 and Xcite survey completed in late 2016. Selected areas with a strong EM response have been modelled as “plates” to provide an indication of the approximate geometry of potential graphite mineralisation. Figure 1 shows the location of the Exploration Targets generated, overlain on coloured contours of the “late-time EM” anomalism coloured using comparable channels from the VTEM and Xcite EM surveys. | |
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