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Hylea Metals Ltd.
Summary
| Project: | Tigers Creek | |
|---|---|---|
| Deposit: | Tigers Creek | |
| Location: | Australia | |
| Commodities: | Cobalt-Nickel-Platinum | |
| Date: | 6/27/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-6-2018: Hylea Metals Ltd. announces an Exploration/Drilling Update report for its Tigers Creek deposit at the Tigers Creek project. Drilling results incl. 18.0m @ 0.20% Co, 0.71% Ni, 1.32g/t Pt from 5m. Hylea Metals (ASX:HCO) is pleased to announce tha | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Darren Glover (Internal) | |
| ABSTRACT: | Hylea Metals (ASX:HCO) is pleased to announce that it has confirmed and extended high-grade cobaltplatinum-nickel-scandium mineralisation at the Tiger’s Creek Prospect, part of the Hylea Project, in the Fifield ‘Battery Metals’ district of NSW. Assays from the first 12 holes of a recently-completed 54-hole, 3,621m RC/AC drill program contain high grades of all four metals, including exceptional results of up to 0.61 per cent cobalt. The outstanding intersections start from 2m below surface and the deepest mineralisation was intersected at a vertical depth of 60m. Drilling was undertaken at the advanced Tiger’s Creek prospect, located on the eastern edge of the zoned 8km x 3.5km Hylea Ultramafic Intrusive Complex. This is an intrusive complex with similar source geology and laterite development as the nearby Sunrise Project of Clean Teq Holdings (ASX: CLQ), Australian Mines’ (ASX: AUZ) Flemington Project and Platina Resources’ (ASX: PGM) Owendale Project. All these projects host cobalt-nickel-scandium Resources. Hylea Managing Director David Berrie said the assays were exceptional given their widths, grades and close proximity to surface. “These results show the potential of the Hylea Project. We know we have outstanding grades and widths and that the mineralisation is basically at the surface, now it is a question of how big it is. This will become clearer as the assays from the remaining 42 holes become available over the next few weeks. We also have a series of strong, extensive soil anomalies in close proximity to Tiger’s Creek which will be tested in upcoming drilling programs. The combination of these drill results and the outstanding soil sampling results (see announcement dated 18 June 2018) indicate that the Hylea Project has the potential to quickly up-grade from an exploration project.” | |
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