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High Grade Metals Ltd.
Summary
| Project: | Schellgaden | |
|---|---|---|
| Deposit: | Schellgaden | |
| Location: | Austria | |
| Commodities: | Gold-Silver-Tungsten | |
| Date: | 5/23/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-5-2018: High Grade Metals Ltd. announces a Resource Estimation report for its Schellgaden deposit at the Schellgaden project. Exploration target for Schellgaden project. High Grade Metals Ltd (ASX: HGM) (“HGM” or the “Company”) is pleased to deliver an | |
| Resources: | Exploration Target: 4.85Mt - 9.765Mt @ 6g/t Au - 15g/t Au | |
| CP/QP: | [Overall Report]: Torey Marshall (Internal) | |
| ABSTRACT: | High Grade Metals Ltd (ASX: HGM) (“HGM” or the “Company”) is pleased to deliver an initial Exploration Target* for its flagship Schellgaden Gold Project (“Schellgaden” or “ Project”) in Austria. The Exploration Target* supports the Company’s goal to explore for a commercial gold deposit (see Appendix 1). High Grade Metals Managing Director & CEO Torey Marshall said: “The Exploration Target for Schellgaden supports our view that the Project represents a high-quality opportunity to explore for gold within Europe. We expect to commence a drilling program in the current Quarter” Schellgaden Gold Project Overview HGM’s flagship Schellgaden Gold Project is located within the upper Mur Valley, County of Lungau in the Federal State of Salzburg. There is ready access into the area via the Tauern Autobahn A10, a major European freeway. The Schellgaden North Exploration Area consists of 36 overlapping Freischürfe covering a contiguous area of 17.3km2 . The Schellgaden South Exploration Area consists of 120 overlapping Freischürfe covering a contiguous area of 57.6 km2 . Known gold mining at Schellgaden dates back to the 12th century with mines such as Stüblbau and the smaller Schulterbau operation. Historically, Schellgaden has been considered one of the richest and most active gold mining districts in Austria. | |
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