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Winmar Resources Ltd.
Summary
| Project: | Hamersley | |
|---|---|---|
| Deposit: | Hamersley | |
| Location: | Australia | |
| Commodities: | Iron-Aluminium-Silica | |
| Date: | 1/24/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-1-2020: Winmar Resources Ltd. announces a Resource Estimation report for its Hamersley deposit at the Hamersley project. Resource updated to JORC 2012. Drilling results for four holes drilled Winmar Resources Ltd (Winmar or the Company) (ASX Code: WFE) | |
| Resources: | (Resource, I+I): 342.3Mt @ 54.5% Fe, 10.9% SiO2, 4.6% Al2O3 | |
| CP/QP: | [Resources]: Allen Maynard (Al Maynard & Associates Pty Ltd.) | |
| ABSTRACT: | Drilling results for four holes drilled Winmar Resources Ltd (Winmar or the Company) (ASX Code: WFE) is pleased to advise that it has completed a review and upgrade from JORC 2004 to JORC 2012 of Mineral Resource estimates for its 70% owned Hamersley Iron Project. The Hamersley Iron Project comprises Mining Lease M47/1450, and is located approximately 50 km northeast of Tom Price in the Pilbara region of Western Australia, immediately south of the Solomon project held by Fortescue Metals Group Ltd (ASX: FMG) and north of Rio Tinto’s Rail network. Winmar’s interest in the Hamersley Iron Project is held through an unincorporated joint venture, the Winmar Exploration Joint Venture (WEJV) between Winmar (70%) and Lockett Fe Pty Ltd (30%) (a wholly owned subsidiary of Cazaly Resources ASX:CAZ (Cazaly)) The Hamersley Iron Project has been the subject of several reverse circulation and diamond drilling exploration programs since 1998, and in total 168 holes have been drilled for 22,621m of drilling. The Hamersley Iron Project includes both Channel Iron Deposit (CID) and Detrital Iron Deposit (DID) styles of iron mineralisation. The CID is a coherent body at least 2.0 km by 2.5 km in area and, in the southwest, is overlain by DID mineralisation comprising unconsolidated detrital material. in 2019 - no economic mineralization encountered | |
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