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New Age Exploration Ltd.
Summary
| Project: | Redmoor | |
|---|---|---|
| Deposit: | Redmoor | |
| Location: | United Kingdom | |
| Commodities: | Tungsten-Tin-Copper | |
| Date: | 10/4/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 4-10-2018: New Age Exploration Ltd. announces an Exploration/Drilling Update report for its Redmoor deposit at the Redmoor project. Drilling results incl. 22.49m @ 0.18% Cu, 0.01% Sn, 0.64% WO3 from 667.10m. New Age Exploration (“NAE” or “the Company”) is | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul Gribble (Geologica UK) | |
| ABSTRACT: | New Age Exploration (“NAE” or “the Company”) is pleased to announce continued outstanding results from the 2018 Phase 1 drilling program at its Redmoor Tin-Tungsten Project, being undertaken through its 50% owned joint venture vehicle Cornwall Resources Limited (“CRL”). NAE Managing Director Gary Fietz commented: “These results continue to indicate the presence of high grades below the established resource, and show the potential of Redmoor to deliver a larger, higher-grade resource. We look forward to working towards a significant resource update in Q1 2019.” In June 2018, CRL began this year’s Phase 1 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% SnEq1 . The seven-hole Phase 1 program was funded by SML and NAE having contributed £332,000 each. Assay results for the first two holes, CRD021 and CRD022, were reported on 20 September. Results for the next two holes, CRD023 and CRD024, are reported herein. The remaining holes (CRD025, CRD026 and CRD027) of the Phase 1 program have now been completed. In each of them, multiple zones of tungsten and copper mineralisation have been visually identified. Some evidence of tin mineralisation has also been identified in CRD027. Samples from hole CRD025 are now at the lab, and logging and sampling continue on the other two holes. | |
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