Announcement Date: 2022-11-28
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Athena Resources Ltd.
Project name: Byro
Location: Australia
Commodities: Iron
Highlight: Drilling results incl. 60.0m at 70.30% Fe, from 54m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Athena Resources Limited (“the Company”) are pleased to announce further results for the unique FE1 magnetite project. Preliminary results (Table 1), show continued high-grade Davis Tube Recovery (DTR) from infill drilling. These results support the milestone MRE for the upgrade of the existing inferred resource to an indicated mineral resource. DTR results reported in this announcement include drilling along east-west traverses on northings (MGA94 zone 50) 7,110,200mN, 7,110,300mN, 7,110,400mN, 7,110,500mN Figure 1 Collar location). These holes were designed to infill existing drill holes, including three twinned holes. Collar details are tabulated in Table 5 below.
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