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Highfield Resources Ltd.
Summary
| Project: | Sierra del Perdon | |
|---|---|---|
| Deposit: | Sierra del Perdon | |
| Location: | Spain | |
| Commodities: | Potash | |
| Date: | 7/18/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-7-2017: Highfield Resources Ltd. announces an Exploration/Drilling Update report for its Sierra del Perdon deposit at the Sierra del Perdon project. Drilling results incl. 3.6m @ 15.68% K2O, 29.52% Na2O, 48.21% CI, 4.95% SO4, 2.79% CaO from 782.55m. Hi | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter Albert (Internal) | |
| ABSTRACT: | Highfield Resources (ASX: HFR) (“Highfield” or “the Company”) is a Spanish potash developer. The Company’s flagship Muga Potash Project (“Muga” or “the Project”) is targeting the relatively shallow sylvinite beds in the Muga Project area that cover about 80km2 in the Provinces of Navarra and Aragon. Mineralisation commences at depths from surface of less than 200 metres and is ideal for a relatively low-cost conventional mine accessed via a dual decline, as demonstrated in the Company’s Muga Project Optimisation Study completed in November 2015 (refer to ASX announcement dated 17 November 2015). Highfield Resources is an ASX listed potash company with five 100%-owned projects located in Spain. Highfield’s Muga, Vipasca, Pintanos, Izaga and Sierra del Perdón potash projects are located in the Ebro potash producing basin in Northern Spain, covering a project area of more than 550km2 . The Sierra del Perdón project includes two former operating potash mines. The Company completed a Definitive Feasibility Study for its flagship Muga Project in March 2015, which was optimised in November 2015 to enhance operational efficiencies, sales and marketing activities and the life of mine. Highfield is awaiting a positive environmental declaration which will enable it to commence construction of the Mine. In addition to the existing Muga Project, Highfield also has significant Exploration Targets for an extension to Muga, as well as for the Vipasca and Pintanos Potash Projects | |
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