(NewsDirect)
Hawsons Iron Ltd(ASX:HIO) chair Bryan Granzien tells Proactive the company hasidentified mineable near-surface magnetite mineralisation at targetedgrades, paving the way for a strategic shift in the company'smining approach that could potentially expedite the full productionphase of the Hawsons Iron Project in Far West New South Wales.
The company's stage2 resource analysis exploration drilling was carried out during thefirst half of 2023, demonstrating the potential for significantextension along the southwest strike. Further exploratory drilling isrequired to define the extent and tonnage of the near-surfacemineralisation.
“Combined with further physical and geophysical mapping,these results provide a clear basis for additional drilling to definethe extent, tonnage and grade of this near-surface mineralisation, foreven stronger enhancement of the Hawsons Iron Project’seconomics,” he said.
“This alsomeans we have more work to do, such as mapping visible outcropping,ground-based geophysical surveys and surface trenching beforeundertaking the additional drilling.”
ContactDetails
Proactive Investors
JonathanJackson
+61 413 713 744
jonathan@proactiveinvestors.com
Copyright (c) 2023 TheNewswire - All rights reserved.