Re: HAW-early drill results from mt bevan
I am still keeping a close eye on this one & im surprised no one put up the early results of late august,with HAW being shoehorned in amongst some big hitters such as JMS,PMM,pallinghurst,BHP,WSA it has a chance of some good gains soon...tb
29 August 2008
Initial results including 40 metres @ 61.7% Fe from maiden drilling
program at Mt Bevan, WA
Key points:
Completed assays for the first 5 holes of the maiden 46 hole RC drilling program at
Mt Bevan return strong, consistent iron results from haematite rich layer including:
40 metres @ 61.7% Fe from 48 metres
17 metres @ 57.2% Fe from 37 metres
24 metres @ 58.2 % Fe from 59 metres
8 metres @ 62.3% Fe from 84 metres
400 metre strike length of one of three known mineralised horizons tested.
Further assay results expected throughout September and October.
Exploration accelerated on remaining 25 kilometres of strike of prospective horizons.
Scoping studies commence – intense corporate and exploration activity in the district
will assist in the development of a multi-source project area when sufficient resources are identified.
Hawthorn Resources Limited (‘Hawthorn’) (ASX code: HAW), is pleased to announce its first assay results from its maiden drilling program from the highly prospective Mt Bevan Project.
The project is focused on tenement E29/510 approximately 100 kilometres west of Leonora,
Western Australia, adjacent to Jupiter Mines Limited’s (‘Jupiter’) Mt Mason Iron Ore Resource
(2.2 Mt @ 60.6% Fe) (refer to Figures 1 and 2).
Exploration by Hawthorn at Mt Bevan has identified widespread, outcropping and suboutcropping haematite mineralisation adjacent to BIF units in a package of interbedded shales and other sediments that extends in a north westerly direction through the entire strike length of tenement E29/510 – a distance of more than 25 kilometres.In July 2008, an initial RC drill program commenced in the southern boundary region of the tenement. The program (46 holes / 3929 metres) was designed to test potential strike extensions of the known Mt Mason mineralisation from the tenement boundary to more than 400 metres to the north in a series of East-West and Northeast–Southwest striking drill fences (refer to Figure 3).
This drill program was carried out at the same time as Jupiter drilled further holes to the north and east of the known Mt Mason ore resource (ASX Announcement 26/08/2008). A number of the new holes drilled by Jupiter lie in close proximity to Hawthorn’s tenement boundary (refer to Figure 3).
Drilling intersected consolidated pisolitic gravels with coarse fragments of secondary haematite, which appears possibly associated with a palaeo-channel, above a saprolitic clay layer which in turn overlies gently east dipping, massive to semi-massive haematite altered sediments and deeper magnetite bearing sediment layers.
Assay results are now available for 5 of the initial 46 drillholes completed, with several outstanding results returned from the haematite rich horizon intercepted. Collar locations for the holes reported are appended at the end of this report.
The shallow and consistent nature of this magnetite zone requires further assessment particularly as it underlies the target high grade haematite rich horizon in all sections drilled to date and appears to proceed to surface. The grades reported above are comparable to other magnetite explorers and producers in Western Australia including
Gindalbie Metals – Karara magnetite resource (1854 Mt @ 35.4% Fe)
Grange Resources – Southdown magnetite resource (479 Mt @ 37.3% Fe)
McArthur Minerals – Lake Giles magnetite resource (112 Mt @ 24.6%).
Davis Tube Reduction tests will be carried out on samples from the current drilling program to assess the amenability of the horizon to produce a high grade Fe concentrate.
Hawthorn believes that the hematite-bearing drill results reflect the northern strike extension of Jupiters’ Mt Mason Iron Ore Resource. Further confidence will be added when Jupiter announce results from holes drilled in close proximity to the shared tenement boundary
The directors of Hawthorn are greatly encouraged by the results to date and have commissioned a major ground gravity program focused on the primary known target haematite rich horizons. Additionally, a further RC drilling program of more than 100 holes is planned for the upcoming quarter – hole locations will be partially dependent on data generated by the ground gravity survey and receipt of further assay results; however,
several prominent targets require immediate drilling.
As the results reported are comparable with peers in the district and throughout the Yilgarn,internal exploration target hurdles have been set for the discovery of high grade Direct Shipping iron ore in the upcoming quarters. Scoping production, treatment and transport studies have commenced in support of these targets.