Announcement Date: 2022-07-26
Announcement Type: Deposit Estimation
Announcement Code: JORC
Company name: CuFe Ltd.
Project name: Tennant Creek
Location: Australia
Commodities: Gold,Copper
Highlight: Updated Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: CuFe Ltd (ASX: CUF) (CuFe or the Company) is pleased to announce it has upgraded the existing resources previously stated in compliance with JORC 2004 to JORC 2012 for its 60% owned Tennant Creek deposits (Orlando, Gecko and Goanna). The Company engaged Mr Ian Glacken from Snowden Optiro Consultants to conduct a review of the stated 2004 resources and complete the necessary additional requirements to allow reporting under JORC 2012 requirements. The original resource estimates were generated by Optiro Pty Ltd between 2011 and 2013. Project Summary Host lithologies in the region consist of a sedimentary sequence of shales, siltstones and greywackes with some intercalated haematite-rich shale units. The iron-oxide pods comprise varying amounts of magnetitehaematite-quartz and chlorite, and are irregular in shape, typically sub-vertical and with an east-west strike. A distinct alteration halo typically surrounds the ironstones, and consists of strongly chloritised and often sheared sediments from a few centimetres to 10 m thick. The copper mineralisation occurs as thin, near vertical lenses, within and transgressive to the iron-oxide pods, and often continues into the adjacent chloritealtered sediments.
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