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Sheffield Resources Ltd.
Summary
| Project: | Dampier | |
|---|---|---|
| Deposit: | Night Train | |
| Location: | Australia | |
| Commodities: | Zircon-Leucoxene-Titanium | |
| Date: | 10/9/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 9-10-2018: Sheffield Resources Ltd. announces an Exploration/Drilling Update report for its Night Train deposit at the Dampier project. Drilling results incl. 27.0m @ 5.29% THM from 49.5m. Sheffield Resources Limited (“Sheffield”, “the Company”) (ASX: SFX | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Seb Gray (Internal) | |
| ABSTRACT: | Sheffield Resources Limited (“Sheffield”, “the Company”) (ASX: SFX) today announced outstanding results from exploration drilling at its Night Train prospect at the Dampier Mineral Sands Project near Derby in northern Western Australia. Night Train is located 20km southeast of the Company’s world class Thunderbird deposit, which forms part of the Dampier Project. The outstanding results at Night Train follow the completion of 23 aircore drill holes completed in September 2018. The holes were part of an extensive regional exploration drilling program targeting additional large, zircon rich deposits suitable for downstream processing at the Thunderbird Dry Mineral Separation Plant (see ASX release 1 August 2018). Results include the following outstanding intervals. These results extend the broad, high-grade mineralised intervals at Night Train previously identified by a single drill traverse (see ASX release 25 February 2015). At 1% HM cut-off the mineralisation has a strike length of over 4.5km and a width of up to 1.5km. Within this is a coherent high-grade zone (at 3% HM cutoff) of up to 22.5m thick (average 7.5m). The high grade zone has so far been outlined over an area of 4.5km2 and is open along strike and down dip. The mineralisation substantially thickens to the southsouthwest where it remains open. Visual examination of the heavy mineral (HM), and proximity to previously announced results, suggest it is likely these latest samples will have a similarly high value mineral assemblage2 to that obtained from the earlier drilling, i.e. 15% zircon, 53% leucoxene, 8% HiTi leucoxene and 16% ilmenite (total 92% Valuable Heavy Mineral (VHM)) (see ASX announcement dated 25 February 2015 for details). The heavy mineral is similarly well sorted, free from coatings and low in trash minerals. The Company will undertake further mineral assemblage testwork ahead of a maiden Mineral Resource estimate, scheduled for completion in Q1 2019. | |
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