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Hillgrove Resources Ltd.
Summary
| Project: | Kanmantoo | |
|---|---|---|
| Deposit: | Giant | |
| Location: | Australia | |
| Commodities: | Copper-Silver | |
| Date: | 9/1/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 1-9-2016: Hillgrove Resources Ltd. announces an Exploration/Drilling Update report for its Giant deposit at the Kanmantoo project. Drilling results incl. 45m @ 1.43% Cu, 2.4g/t Ag from 18m. Hillgrove Resources Limited (ASX:HGO) advises that the Company ha | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter Rolley (Internal) | |
| ABSTRACT: | Hillgrove Resources Limited (ASX:HGO) advises that the Company has completed ten RC drill holes within the Giant Pit area to infill gaps in the drill hole coverage identified by the 2016 Mineral Resource Estimate. These drilling gaps have resulted in the mineralisation being categorised as Inferred. In the December quarter, a revised Mineral Resource Estimate and Ore Reserve Estimate will be prepared to incorporate the drilling results. The Kanmantoo copper operation is located approximately 55km east-south-east of Adelaide, South Australia on Mining Lease 6345 held 100% by Hillgrove. The mine site is fully permitted and has been operational since 2011. Copper mineralisation at Kanmantoo typically occurs as a complex system of structurally and stratigraphically controlled veins, disseminations and sigmoidal bodies within an intense quartz, biotite, chlorite, garnet and +/- magnetite alteration zone. The central portion of the Giant Pit exhibits strong spatial continuity and intense alteration and mineralisation over broad widths. However, as the alteration intensity weakens with distance from the epicentre, the mineralisation becomes more discontinuous with multiple small layers/zones of intense mineralisation within broad zones of very weak alteration. Primary mineralisation is characterised by coarse grained chalcopyrite, pyrrhotite, pyrite, and minor native gold and native bismuth. The Mineral Resource Estimate released on 26 May 2016 identified significant areas along the western side of the Giant Pit that were not well drilled by the Company due to the pre-existing 1970’s open pit. These areas include both the Central Kavanagh and West Kavanagh mineralised zones. Figure 1 shows the Company’s past drilling in blue and the location of the 2016 RC drill holes of this report within the Central and West Kavanagh mineralised zones. | |
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