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Highfield Resources Ltd.
Summary
| Project: | Muga | |
|---|---|---|
| Deposit: | Vipasca | |
| Location: | Spain | |
| Commodities: | Potash | |
| Date: | 10/10/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 10-10-2019: Highfield Resources Ltd. announces an Exploration/Drilling Update report for its Vipasca deposit at the Muga project. Drilling results incl. 8.1m @ 12.95% K2O from 1139m. Highfield Resources (ASX: HFR) (“Highfield” or “the Company”) is a Spani | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter Albert, Anna Fardell (Internal;SRK Consulting (UK) Ltd.) | |
| ABSTRACT: | Highfield Resources (ASX: HFR) (“Highfield” or “the Company”) is a Spanish potash developer. The Company’s flagship Muga Project (“Muga” or “the Project”) is targeting the relatively shallow sylvinite beds in the Muga Project area that cover about 60km2 in the Provinces of Navarra and Aragon. Mining is planned to commence at a depth of approximately 350 metres from surface and is therefore ideal for a relatively low-cost conventional mine. The Vipasca permit area (“Vipasca”) (see Figure 3) is located adjacent to the Muga Project and covers approximately 27km2 . The tenement is highly prospective for economic potash mineralisation, the focus in this case being the deeper, higher grade, P1 and P2 potash horizons (Figure 1). The Muga Project Update (refer ASX release 15 October 2018 “Muga Project Update”) confirmed the strategic importance of Vipasca as a potential extension of the Muga Project. In the eastern area, Vipasca comprises the north western extension of the Muga Project. The main aim of the current drilling campaign, which has been developed since the end of 2018, is to confirm and delineate the Muga ore deposit in its westernmost area. The geology at Vipasca is analogous to Muga, and the lithologies, seams and other geological features are similar to those previously defined by drilling at Muga. | |
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