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Magnetic Resources NL
Summary
| Project: | Hawks Nest | |
|---|---|---|
| Deposit: | HN9 | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/18/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-5-2020: Magnetic Resources NL announces an Exploration/Drilling Update report for its HN9 deposit at the Hawks Nest project. Drilling results incl. 20m @ 2.24g/t Au from 92m. At Hawks Nest 9 (HN9) extensive drilling programmes including 496 RC holes to | |
| Resources: | x | |
| CP/QP: | [Overall Report]: George Sakalidis (Internal) | |
| ABSTRACT: | At Hawks Nest 9 (HN9) extensive drilling programmes including 496 RC holes totaling 23,274m, 5,826 2-5m composites and 4,159 1m splits have been completed to date (Table 3). This release is mainly reporting on composite assays (2-4m) for 31 new RC holes (MHNRC585–615), totaling 2,509m, deepening 9 previous RC holes totaling 369m and 1099 1m splits (MHNRC179–615). In the central part of HN9 there is a distinct bend in the shear zone from SSE to SSW where there is a considerable thickening of the mineralised zone within an altered silicified porphyry. This thickened porphyry is delineated over a 400m strike length and is still open to the NE and SW where further holes are being planned and dramatically thickens from commonly 2-5m up to 10-70m (Figure 1). This thickened silicified porphyry crosscuts the NNW-trending near-surface flat-dipping mineralisation and may represent a blowout zone at the intersection of the NNW shear zone with NE trending porphyries and dolerites, where two separate shallow dipping porphyry zones coalesce and thicken (Figures 2 and 3). Some of the thicker gold-mineralised zones encountered within this porphyry include 20m at 2.24g/t from 92m in MHNRC582 and 23m at 0.67g/t from 107m in MHNRC588 | |
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