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New Age Exploration Ltd.
Summary
| Project: | Redmoor | |
|---|---|---|
| Deposit: | Redmoor | |
| Location: | United Kingdom | |
| Commodities: | Tungsten-Tin-Copper | |
| Date: | 12/11/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-12-2017: New Age Exploration Ltd. announces an Exploration/Drilling Update report for its Redmoor deposit at the Redmoor project. JV - Drilling results incl. 7m @ 0.01% Sn, 1.79% WO3, 0.17% Cu from 507.07m. New Age Exploration (“NAE” or “the Company”) | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mike Armitage (SRK Consulting (UK) Ltd.) | |
| ABSTRACT: | New Age Exploration (“NAE” or “the Company”) is pleased to announce the results from the Phase 2 drilling programme at its Redmoor Tin-Tungsten Project, undertaken through its joint venture vehicle, Cornwall Resources Limited (“CRL”). The Phase 2 drilling programme includes 5 holes which are the last results remaining to be announced from the 2017 drilling programme (20 holes in total). NAE Managing Director Gary Fietz commented: “We are very encouraged by these results, with all of the last 5 holes intersecting high-grade zones within the SVS and returning considerably higher grades than previously reported. This has increased the average of 33 significant intercepts from all holes drilled to date on the project to 15.0 m @ 1.0% SnEq. As a comparison to other projects, this would be equivalent to a copper grade of 2.5% or a gold grade of 5.3 grams per tonne (at a gold price of US$1,300/Oz). Results of hole CRD019, which returned the best results of the programme from 180 m below the depth of previous drilling, are particularly exciting. This significantly extends the potential for the resource size and grade to improve at depth which we believe represents a major advance for the project. These new results have encouraged us to start looking at how we can expedite the project development, with the next step of completing the resource update in Q1 2018 now underway.” | |
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