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Magnetic Resources NL
Summary
| Project: | Hawks Nest | |
|---|---|---|
| Deposit: | HN9 | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/17/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-1-2020: Magnetic Resources NL announces an Exploration/Drilling Update report for its HN9 deposit at the Hawks Nest project. Drilling results incl. 57m @ 0.5g/t Au from 13m. At HN9 an extensive drilling programme of 465 RC holes totaling 20,384m includ | |
| Resources: | x | |
| CP/QP: | [Overall Report]: George Sakalidis (Internal) | |
| ABSTRACT: | At HN9 an extensive drilling programme of 465 RC holes totaling 20,384m including 3,971 2-5m composites and 2660 1m splits have been completed to date. There are 65 RC holes totaling 2,906m (MHNRC512–576), 735 2-5m composites and 82 1m splits mainly being reported in this release. There are three lots of assays pending for the deepening of MHNRC541 from 70 to 110m and a further 7 deep (150-250m) RC holes (MHNRC577–583) totaling 1,525m. In the central part of HN9 there is a distinct bend in the shear zone from SSE to SSW and there is a considerable thickening of the mineralised zone within an altered silicified porphyry. This porphyry is delineated over a 400m strike length, is open and plunges shallowly to the NNE, and dramatically thickens from commonly 2-5m up to 10-57m (Figure 2). This newly identified silicified porphyry crosscuts the NNW-trending near-surface flatdipping mineralisation and may represent a feeder zone of the entire 3km-long HN9 shallowdipping sequence (Figure 1). Some of the thicker gold-mineralised zones encountered within this porphyry include 28m at 0.645g/t from 4m in hole MHNRC497, 57m at 0.5g/t from 13m including 27m at 0.69g/t from 43m in MHNRC541, 14m at 0.7 g/t from 25m in MHNRC179, 11m at 1.82g/t from 18m in MHNRC211, 12m at 1.96g/t from 16m in hole RFR-31 and 14m at 0.70g/t from 25m in MHNRC179 (Table 1). | |
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