Woodlawn Drilling Update Kate Lens Returns Massive Sulphides
Highlights:
- Completion of the first diamond hole targeting Kate Lens, with massive sulphides intersected over a down hole intercept of 15.5 metres
- RC drilling has also commenced on the up-dip projection of the A Lens
- Diamond core is being prepared, geo-technically logged and cut for assay
2014 Woodlawn Drilling Program
Heron is pleased to report encouraging initial results from the first diamond hole which has now been completed as part of the of diamond drilling program announced on 14 September 2014.
The first diamond hole WNDD0001 was completed at approximately 425.5 metres targeting the northern strike extent of the Kate Lens. The hole intersected 15.5 metres of predominantly massive sulphides between 373.6 to 389.1 metres down hole, visually estimated to be approximately 12 metres true width. The intersection occurred on a northwest trend some 53 metres from the Kate Lens 2013 discovery hole WLTD015, at approximately the same depth from surface. The massive sulphide intercept comprised pyrite, sphalerite, galena and chalcopyrite, typical of the historically mined “Complex Ore” and similar to the high grade material intercepted in the lower part of hole WLTD015.
Samples are being prepared for assay and results will be released when available, likely to be in 4-6 weeks.
The hole will now be cased for downhole electromagnetic (EM) surveys that will assist in further defining the physical limits of the lens.
Heron’s Managing Director, Wayne Taylor, commented: “It is very pleasing to see further support for the Kate Lens discovery, which is so far, showing consistency with the modelled EM plate conductors. This new discovery continues to shape up as an attractive component of potential future underground development.”
Photographs of the mineralised intercept confirm typical Woodlawn “Complex Ore”:
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Diamond drilling rig set up at WNDD001
Figure 1: Drill core photographs from WNDD0001 showing mineralised intercepts from 373.6m to 389.1m. The fine-grained black minerals are predominantly galena and sphalerite, whereas the yellow minerals are a mixture of pyrite (predominantly) and chalcopyrite.
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Figure 2: Long-section looking east in the plane of the Kate Lens showing previous drilling and recent massive-sulphide intercept
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Technical Information
Drill hole details.
Hole No | Local Mine-Grid East (m) | Local Mine-Grid North (m) | Local Mine-Grid RL (m) | Surface Dip | Surface Mine -Grid Azimuth | Depth (m) |
WNDD0001 | 8,995 | 19,402 | 2,793 | -65 | 088 | 425.5 |
About Heron Resources Limited
Heron is engaged in the exploration and development of base and precious metal deposits in Australia. Heron’s projects include the high grade Woodlawn Zinc-Copper Project located 250km southwest of Sydney, New South Wales, and the Kalgoorlie Nickel Project located north of Kalgoorlie, Western Australia. In addition the Company holds a number of other high quality base metal and copper-gold exploration properties located in the Lachlan Fold Belt, New South Wales.
For further information:
Australia:
Mr Wayne Taylor, Managing Director and Chief Executive Officer
Tel: +61 8 9215 4444
Email: heron@heronresources.com.au
www.heronresources.com.au
Canada:
Tel: +1 905 727 8688 (Toronto)
The technical information in this news release relating to the exploration results at the Woodlawn Project is based on information compiled by Mr Rod Arnold, who is a Member of the Australian Institute of Geoscientists. Mr Arnold is a full time employee of Heron Resources Ltd. and has sufficient experience, which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the “Australasian Code for Reporting of Exploration Results and “qualified person” as this term is defined in Canadian National Instrument 43-101 (“NI 43-101”). Mr Arnold consents to the inclusion in this news release of the information in the form and context in which it appears.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This news release contains forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws, which are based on expectations, estimates and projections as of the date of this news release. This forward-looking information includes, or may be based upon, without limitation, estimates, forecasts and statements as to management’s expectations with respect to, among other things, the timing and amount of funding required to execute the Company’s exploration, development and business plans, capital and exploration expenditures, the effect on the Company of any changes to existing legislation or policy, government regulation of mining operations, the length of time required to obtain permits, certifications and approvals, the success of exploration, development and mining activities, the geology of the Company’s properties, environmental risks, the availability of labour, the focus of the Company in the future, demand and market outlook for precious metals and the prices thereof, progress in development of mineral properties, the Company’s ability to raise funding privately or on a public market in the future, the Company’s future growth, results of operations, performance, and business prospects and opportunities. Wherever possible, words such as “anticipate”, “believe”, “expect”, “intend”, “may” and similar expressions have been used to identify such forward-looking information. Forward-looking information is based on the opinions and estimates of management at the date the information is given, and on information available to management at such time. Forward-looking information involves significant risks, uncertainties, assumptions and other factors that could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking information. These factors, including, but not limited to, fluctuations in currency markets, fluctuations in commodity prices, the ability of the Company to access sufficient capital on favourable terms or at all, changes in national and local government legislation, taxation, controls, regulations, political or economic developments in Canada, Australia or other countries in which the Company does business or may carry on business in the future, operational or technical difficulties in connection with exploration or development activities, employee relations, the speculative nature of mineral exploration and development, obtaining necessary licenses and permits, diminishing quantities and grades of mineral reserves, contests over title to properties, especially title to undeveloped properties, the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drill results and other geological data, environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and flooding, limitations of insurance coverage and the possibility of project cost overruns or unanticipated costs and expenses, and should be considered carefully. Many of these uncertainties and contingencies can affect the Company’s actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, the Company. Prospective investors should not place undue reliance on any forward-looking information. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure prospective purchasers that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.
No stock exchange, regulation services provider, securities commission or other regulatory authority has approved or disapproved the information contained in this news release.
Appendix 1 – JORC Table 1
As per JORC Code, 2012 Edition:
Section 1 Sampling Techniques and Data
(Criteria in this section applies to all succeeding sections)
Criteria | JORC Code explanation | Commentary |
---|---|---|
Sampling techniques |
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Drilling techniques |
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Drill sample recovery |
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Logging |
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Sub-sampling techniques and sample preparation |
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Quality of assay data and laboratory tests |
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Verification of sampling and assaying |
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Location of data points |
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Data spacing and distribution |
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Orientation of data in relation to geological structure |
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Sample security |
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Audits or reviews |
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Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)
Criteria | JORC Code explanation | Commentary |
---|---|---|
Mineral tenement and land tenure status |
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Exploration done by other parties |
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Geology |
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Drill hole Information |
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Data aggregation methods |
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Relationship between mineralization widths and intercept lengths |
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Diagrams |
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Balanced reporting |
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Other substantive exploration data |
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Further work |
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