Announcement Date: 2022-03-28
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: CZR Resources Ltd.
Project name: Robe Mesa
Location: Australia
Commodities: Aluminium,Iron,Silica,Phosphorous
Highlight: Drilling results incl. 21m @ 55.70% Fe, 5.30% Al, 2.80% SiO2, 0.03% P from 0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: CZR Resources Limited (ASX: CZR) is pleased to announce additional assays which support its strategy to grow both production rates and mine life at its Robe Mesa iron ore project in WA’s Pilbara. The latest assays, which are the final results from the highly successful 2021 RC drilling program, continue to identify extensive DSO outside of the PFS mine plan. These results are from the central and southern part of the Robe Mesa deposit, where mineralisation continues south into the adjoining Rio Tinto Mesa F deposit (refer to Figure 2 and Appendix A – cross sections). Thick, higher grade channel iron deposits (CID) have also been identified through the southern and central parts of the deposit. These resulted from the closer spaced infill drilling and some sit outside the current resource envelope. These thicker intersections provide an opportunity to test the lower pisolite. All DSO mineralisation sits above the water table, mitigating the risks associated with dewatering pits and mining below the water table. Significant intercepts from the final batch of assays are listed in Table 2, with selected results annotated in Figure 2. At a 53% Fe cut-off (60% Fe calcined)1 , the significant intercepts average 55.6% Fe (62.3% Fe calcined), 6.3% SiO2, 2.9% Al2O3 and 0.03% P, similar
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