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High Grade Metals Ltd.
Summary
| Project: | Leogang | |
|---|---|---|
| Deposit: | Leogang | |
| Location: | Austria | |
| Commodities: | Silver-Cobalt-Copper-Nickel-Lead-Zinc | |
| Date: | 3/22/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-3-2019: High Grade Metals Ltd. announces an Exploration/Drilling Update report for its Leogang deposit at the Leogang project. Project update and summary of new drilling results. High Grade Metals Ltd (ASX: HGM) (“HGM” or the “Company”) is pleased to p | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Thomas Unterweissacher (Not stated) | |
| ABSTRACT: | High Grade Metals Ltd (ASX: HGM) (“HGM” or the “Company”) is pleased to provide the following update on its flagship Leogang Copper, Cobalt and Nickel Project. The flagship Leogang Copper, Cobalt and Nickel Project (“Project”) covers an exploration area of 63 overlapping licences called “Freischürfe” totalling 27km². The Project covers one of the oldest and most famous mining districts in Austria, the Schwarzeleo Valley, where mining was first documented in 1425. Copper, nickel and cobalt were mined in the region from the mid-16th century when Leogang was famed for the diversity of its mineralogy and rich ore. At various times in its past, cobalt, nickel, copper and silver have been mined at Leogang. Between 3 October 2018 and 14 November 2018, the Company’s drilling contractor drilled four holes with a total length of 468 m. Drill hole NB18-6 was abandoned at a depth of 100 m due to relatively poor rock conditions and low drilling angle, and the difficulty in establishing a water circulation. Drill hole NB18-11 had the same issues and was abandoned at 76.1 m. Drill holes NB18-12 and GEO-01 reached planned depth. NB -12 - 12 was abandoned at 249.9 m and GEO-1 at 42.0 m. Drill holes NB18-11 and NB18-12 inercepted dolomite sequences and those intervals were sampled in full length. | |
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