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Surefire Resources NL
Summary
| Project: | Unaly Hill | |
|---|---|---|
| Deposit: | Unaly Hill | |
| Location: | Australia | |
| Commodities: | Vanadium-Titanium-Iron | |
| Date: | 12/11/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-12-2018: Surefire Resources NL announces an Exploration/Drilling Update report for its Unaly Hill deposit at the Unaly Hill project. Drilling results incl. 34m @ 0.53% V2O5, 7.2% Titanium, 27.71% Fe from 79m. Surefire Resources NL (ASX: SRN, "the Compa | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Martin Dormer (Independent) | |
| ABSTRACT: | Surefire Resources NL (ASX: SRN, "the Company" or SRN") is pleased to announce the results of the first phase of its new RC drilling program at its Unaly Hill vanadium project near Sandstone. All the holes intersected the target magnetite layers as planned and the results have confirmed the presence of significant widths of vanadium mineralisation of robust grade, including zones of higher grade vanadium. RC Drilling at Unaly Hill Vanadium The 2018 RC drilling program was designed to extend the known mineral resource at Unaly Hill to the north along strike (Figure 1). A total of 10 reverse circulation (RC) drill holes were completed along six traverses for an aggregate of 1,258m. The programme was based on detailed 2D forward modeling of high resolution airborne magnetic data carried out by Southern Geoscience Consultants Pty Ltd (SGC) who were tasked with targeting extensions of the vanadium-titanium-magnetite mineralisation hosted within the Atley Layered Mafic Intrusion. The NNE trending magnetic anomaly within the licence area is consistent in its magnetic signature, with vanadium and titanium mineralisation occurring fairly continuously along it. The aeromagnetic anomaly does vary in intensity but this may be due to differences in depths of weathering or variation in grade and width of the mineralised bands. All the RC drill holes were angled -60 degrees towards a bearing of 110 degrees, perpendicular to the strike of the host magnetite horizon | |
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