Announcement Date: 2023-05-03
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Heavy Minerals Ltd.
Project name: Red Hill
Location: Australia
Commodities: Heavy Minerals
Highlight: Drilling results incl. 51m at 7.60% from surface
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Heavy Minerals Limited (ACN 647 831 833) (“HVY”, “Heavy Minerals” or the “Company”) is pleased to announce that the final batch of assays for its maiden 48 hole, 1815 metre Air Core drilling program at Red Hill have been received. This final batch of assays show outstanding mineralisation with the ore body open at depth, to the south and west. As communicated in early April the initial results were exceptional with the best intersect in hole RHAC0039 delivering 0 – 43 meters @ 6.2% THM with a weighted average garnet fraction of 75% and an ilmenite fraction of 10%. The second batch of results have returned additional high grades with the best intersect in hole RHAC0007 delivering 36 m @ 8.8% THM from surface and the longest intersect of 60 m from surface @ 6.8% THM in hole RHAC0020
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