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New Age Exploration Ltd.
Summary
| Project: | Redmoor | |
|---|---|---|
| Deposit: | Redmoor | |
| Location: | United Kingdom | |
| Commodities: | Tungsten-Tin-Copper | |
| Date: | 1/24/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 24-1-2019: New Age Exploration Ltd. announces an Exploration/Drilling Update report for its Redmoor deposit at the Redmoor project. Drilling results incl. 5.9M @ 4.93% Sn Eq from 537.95m. The Company is pleased to announce continued exceptional results fr | |
| Resources: | (Resource, Inf.): 4.5Mt @ 1.0% Sn Eq | |
| CP/QP: | [Overall Report]: Paul Gribble (Geologica UK) | |
| ABSTRACT: | The Company is pleased to announce continued exceptional results from the final four holes of the 2018 drilling program at its Redmoor Tin-Tungsten Project, being undertaken through the 50% owned joint venture vehicle Cornwall Resources Limited (“CRL”). The results of four holes (CRD029, CRD030, CRD031 and CRD032) are reported in this release. Assay results for holes CRD021 to CRD028 have previously been reported, and are reviewed in this release to provide a complete summary of the strong results seen throughout the 2018 drill program. In June 2018, CRL began a drilling program aimed at further increasing the tonnage and grade of the high-grade tin-tungsten-copper Resource within the Sheeted Vein System at its Redmoor Project, which presently stands at an Inferred Resource of 4.5 Mt @ 1.0% Sn Eq1, 2 A total of twelve holes were drilled from June to December 2018, for a total of 7,370 m. All assay results have now been received, and provide confirmation that every hole intersected mineralisation in high-grade zones within the Sheeted Vein System (SVS). On a weighted-average basis for all significant intercepts reported from the 2018 drilling program, the grade is 81% higher than the results seen through the already successful 2017 program and previous results, as reflected by the March 2018 Mineral Resource grade of 1.00% Sn Eq (Figure 1). The updated Resource is now being produced by combining the 2018 new drill results with previous data that contributed to the March 2018 resource. | |
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