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Sheffield Resources Ltd.
Summary
| Project: | Dampier | |
|---|---|---|
| Deposit: | Thunderbird | |
| Location: | Australia | |
| Commodities: | Zircon-Leucoxene-Titanium | |
| Date: | 11/13/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 13-11-2018: Sheffield Resources Ltd. announces an Exploration/Drilling Update report for its Thunderbird deposit at the Dampier project. Drilling results incl. 46.5m @ 5.50% THM from 57.0m. Sheffield Resources Limited (“Sheffield”, “the Company”) (ASX: SF | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Seb Gray (Internal) | |
| ABSTRACT: | Sheffield Resources Limited (“Sheffield”, “the Company”) (ASX: SFX) is pleased to announce significant results from regional exploration drilling at the Buckfast, Bohemia and Concorde prospects at the Dampier Mineral Sands Project near Derby in northern Western Australia. These prospects are all new discoveries and are located between 40km and 55km south of the Company’s world class Thunderbird Mineral Sands Project (Figure 2). These results conclude the highly successful 2018 regional exploration drilling program and follow the recently announced discoveries at the zircon-rich Night Train deposit (see ASX release 9 October 2018) and the Cold Duck, Porphyry Pearl, Cisco and Nomad prospects (ASX release dated 17 October 2018). The drilling program targeted additional large, zircon-rich deposits suitable for downstream processing at the Thunderbird Dry Mineral Separation Plant (see ASX release 1 August 2018). Fourteen zones of significant mineralisation have now been identified along a 160km long highly mineralised trend which extends from Seagull in the north to Runaway in the south (Figure 1). This includes the world class Thunderbird deposit which has a Mineral Resource of 3.23 billion tonnes @ 6.9% HM above a 3.0% HM cut-off (Measured, Indicated and Inferred), including a high-grade component of 1.05 billion tonnes @ 12.2% HM above 7.5% HM cut-off (Measured, Indicated and Inferred) (see ASX release 03 October 2018). Sheffield’s Managing Director Bruce McFadzean said that the outstanding results received from this year’s regional drilling program have exceeded expectations. “Our recent low-cost exploration program has delivered multiple mineral sands discoveries within a 160km long underexplored and highly fertile region controlled by Sheffield. “These new discoveries, including the zircon-rich Night Train deposit, are all located in close proximity to the world class Thunderbird deposit, adding to the growing global significance and strategic value of the Dampier Mineral Sands Project. As we close in on development of the world class Thunderbird Project, we will continue to progress all funding options including ongoing discussions with potential strategic partners”. | |
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