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Magnetic Resources NL
Summary
| Project: | Hawks Nest | |
|---|---|---|
| Deposit: | HN9 | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/4/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-9-2019: Magnetic Resources NL announces an Exploration/Drilling Update report for its HN9 deposit at the Hawks Nest project. Drilling results incl. 4m @ 5.499g/t Au from 4m. After extensive drilling of 357 RC holes totaling 14,179m (including 107 RC hol | |
| Resources: | x | |
| CP/QP: | [Overall Report]: George Sakalidis (Internal) | |
| ABSTRACT: | After extensive drilling of 357 RC holes totaling 14,179m (including 107 RC holes totaling 4,366m in this current drill programme at HN9), a 200m-wide gold zone is emerging on the central part of HN9. which remains open to the north, and a new SSW-trending zone interpreted to be greater than 800m length. A new surface mineralized zone 150m to the west of the main 3km mineralized zone has also been discovered. Also, very interesting shallow intersections of 4m at 5.50g/t from 4m in MHNRC287, 4m at 2.29g/t from 12m in hole MHNRC415, 4m at 2.65g/t from 8m in hole MHNRC416 and 4m at 4.34g/t from 44m in hole MHNRC444. have confirmed a very extensive surface gold zone on the western side as shown by the plethora of surface and near-surface intersections and surface workings that are present in altered porphyry and altered porphyry/mafic contacts (Figure 1 and Table 2). An additional 28 infill RC holes are planned for this area totaling 1310m to further define these near surface and thicker zones (Figure 1). The current drill programme comprised 107 RC holes totaling 4,366m (Table 1), of which 82 holes totaling 3645m have been assayed and summarized in this release (Table 2). | |
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