rns saudi drilling2 Nov 2020 07:19
I am pleased to report that the next stage of the Hawiah exploration programme has commenced as planned.
"The Hawiah deposit remains open at depth and beyond the existing 4km strike. Increasing copper grades intersected in the previous deepest drill hole at the Camp Lode indicate an excellent opportunity to add additional high-grade copper-gold resources during this phase of drilling. It is very encouraging that the first hole drilled since the maiden resource estimate has intercepted four metres of sulphide mineralisation c.140 metres below the previous deepest drill hole of 300 metres into the Camp Lode.
"In addition to the deeper drilling being undertaken with the goal of substantially increasing the maiden Hawiah resource, this programme will also include infill drilling with a view of upgrading the key areas of the resource to the indicated category so as to warrant mine planning and the estimation of an initial Ore Reserve.
"We are also focussed on the studies and survey required for the completion of a Preliminary Feasibility Study during 2021, and 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.