RE: Hawiah RNS is out29 Jan 2021 07:32
"The drilling results to date show that the Hawiah deposit remains open at depth and to the south. The work programme has sought to quickly 'stretch' some of the extremities of the deposit and as such we are greatly encouraged to see returns of significant intercepts as drilling continues to demonstrate the size and scale of the Hawiah deposit.
"I'm especially encouraged by the most southern hole extending the Camp Lode, which has intercepted massive sulphide with an estimated true width of 6 metres, which indicates strong potential for the deposit to continue further to the south.
"As previously reported, in addition to the deeper drilling being undertaken, targeting a substantial increase in the maiden Hawiah resource, later this year, this programme will also include infill drilling with a view to upgrading key areas of the resource to the indicated category so as to warrant mine planning and the estimation of an initial Ore Reserve.
"We remain focussed on the work required for the completion of a Preliminary Feasibility Study during 2021, together with further exploration of the surrounding area for a large stockwork zone or 'feeder zone' to the massive sulphides, which represents a separate and potentially even larger-scale target.