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Highfield Resources Ltd.
Summary
| Project: | Sierra del Perdon | |
|---|---|---|
| Deposit: | Sierra del Perdon | |
| Location: | Spain | |
| Commodities: | Potash | |
| Date: | 7/10/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-7-2019: Highfield Resources Ltd. announces an Exploration/Drilling Update report for its Sierra del Perdon deposit at the Sierra del Perdon project. Drill results incl. 2.4 m of Carnallite @ 12.40% K2O and 2.1 m of Sylvinite @ 8.16% K2O. Highfield Reso | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mike Armitage (SRK Consulting (UK) Ltd.) | |
| ABSTRACT: | Highfield Resources (ASX: HFR) (“Highfield” or “the Company”) is a Spanish potash developer. The Company’s flagship project is the Muga Project (“Muga”) which covers an area of some 80km2 in the provinces of Navarra and Aragón. The Company completed a feasibility study on Muga in 2015 which demonstrated the viability of mining the shallow dipping sylvinite beds which starts at a depth of approximately 350 metres from surface. The Muga Project has recently been awarded a positive Environmental Approval. This announcement reports on recent exploration results on the Company’s other tenement areas in the region. Highfield´s 100% owned Sierra del Perdón (“SdP”) Tenement Area (see Figures 1 and 5) is located south east of Pamplona and covers an area of approximately 120km2 . SdP is a brownfields target which previously hosted two potash mines which operated from the 1960s until the late 1990s and produced nearly 500,000 tonnes of K60 MOP per annum. The Company’s main target here is the potential for potash exploitation in new, unmined, areas in the SdP Tenement Area. During the period, one exploration drill hole was completed at SdP, SDP-007 (Figure 1). This drill hole was designed to test the western periphery in the Beriain Block and to prove the continuity of the potash mineralisation on the western edge of the old Potasas de Navarra Mine. The drill hole targeted both sylvinite and carnallite mineralisation seams just over 800m below surface. Table 1 provides the results from this drill hole. The Upper Carnallite Seam intersection yielded an apparent thickness of 6.3 m with a mean grade of 6.82% K2O, the Lower Carnallite Seam intersection yielded an apparent thickness of 2.4 m with a mean grade of 12.40% K2O and the Sylvinite Seam intersection yielded an apparent thickness of 2.1m with a mean grade of 8.16% K2O. SDP-007 shows good thickness and grade continuity in both Carnallite and Sylvinite seams, analogous to previous drill holes and historical mining in Beriain Block (Figure 2). Further geological information can be found in JORC Table Section 1 and 2 attached in this press release. | |
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