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Highfield Resources Ltd.
Summary
| Project: | Muga | |
|---|---|---|
| Deposit: | Vipasca | |
| Location: | Spain | |
| Commodities: | Potash | |
| Date: | 7/10/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 10-7-2019: Highfield Resources Ltd. announces an Exploration/Drilling Update report for its Vipasca deposit at the Muga project. Drilling results incl. 6.6m @ 12.02% K2O from 788m. Highfield Resources (ASX: HFR) (“Highfield” or “the Company”) is a Spanish | |
| 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. The Vipasca Tenement is located adjacent to the Muga Project and covers an area of 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 3). In its eastern area, the Vipasca Tenement Area comprises the north western extension of Muga Project and, in its most western edge, a new sub-basin with indications of having same features as the JavierPintanos Potash Basin. The main aim of current drilling campaign, which has been ongoing 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 expected to be similar to those previously defined by drilling at Muga. Two exploration drill holes, V17-03 and V17-02, have been finished, logged, sampled, analysed and correlated (see summarized results in Tables 2 and 3) since the Company last reported its exploration results. V18-01 has also recently been completed and core samples are currently being analysed at the ALS laboratory in Seville. In V17-02, the Intermediate Potash Interval and the Lower Potash Interval appear embedded in the Footwall Salt which overthrusts the Hangingwall Salt. As result of this thrusting the Hangingwall Salt appears duplicated and the Upper Potash Interval occurs below both of the other two potash intervals. The location of the Lower Potash Interval in V17-02 and V17-03 correlates with the same unit in V18-01 (Figure 4). Further geological information can be found in Sections 1 and 2 of the JORC Table attached in this announcement. | |
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