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Hillgrove Resources Ltd.
Summary
| Project: | Kanmantoo | |
|---|---|---|
| Deposit: | Kavanagh Underground | |
| Location: | Australia | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 11/5/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 5-11-2019: Hillgrove Resources Ltd. announces a Resource Estimation report for its Kavanagh Underground deposit at the Kanmantoo project. Clarification on previous announcement. We hereby refer to the recent ASX release by Hillgrove on 30 October 2019 tit | |
| Resources: | ||
| CP/QP: | [Overall Report]: Peter Rolley (Internal) | |
| ABSTRACT: | We hereby refer to the recent ASX release by Hillgrove on 30 October 2019 titled “Maiden Kavanagh Underground Mineral Resource Estimate”. We acknowledge that dot point 2 on page 1 of the release of 30 October 2019 is not in accordance with the JORC Code, whereby the reporting of Exploration Targets cannot be streamlined. Thereby, HGO is required to re-iterate the Competent Person Statement and the Exploration Target as a range of tonnes and grade as previously provided in its ASX release of 27 May 2017 for the West Kavanagh Exploration Target of 0.8 to 1.6 Mt at 2.0% to 2.5% Cu, 0.01 g/t to 0.05 g/t Au, 2.0 g/t to 2.5 g/t Ag. The Exploration Target is conceptual in nature as there has been insufficient exploration to define a Mineral Resource. It is uncertain if further exploration will result in the determination of a Mineral Resource under the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, the JORC Code” (JORC 2012). The Exploration Target is not being reported as part of any Mineral Resource or Ore Reserve. | |
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