THE DRILL SERGEANT: Sheffield Resources (ASX: SFX) announced drilling results from regional exploration drilling at the Cold Duck, Porphyry Pearl, Cisco and Nomad prospects at the company’s Dampier mineral sands project near Derby in northern Western Australia.
Sheffield Resources explained the Cold Duck, Porphyry Pearl and Cisco prospects to be new discoveries located within 15 kilometres of the company’s world class Thunderbird deposit and near current project infrastructure.
A further prospect, Nomad, which was first drilled in 2015, is located within 5km of the proposed haul road and just 700 metres north of the Great Northern Highway.
These results follow results Sheffield recently released results from the Night Train deposit and relate to 94 aircore drill holes completed in September 2018.
The drilling is part of an extensive regional exploration program that has Sheffield targeting additional large, zircon rich deposits suitable for downstream processing at the Thunderbird project dry mineral separation plant.
37.5 metres at 3.56 per cent heavy minerals (HM) from 1.5m, including 16.5m at 5.49 per cent HM from 21m;
19.5m at 2.93 per cent HM from 19.5m, including 6m at 5.8 per cent HM from 21m;
34.5m at 2.64 per cent HM from 58.5m, including 12m at 3.74 per cent HM from 81m; and
7.5m at 5.78 per cent HM from 19.5m, including 6m at 6.94 per cent HM from 19.5m.
Sheffield Resources has now identified eight zones of mineralisation, including Thunderbird and Night Train, along a 100km long highly mineralised trend situated north of the highway and extending from Seagull in the north to Nomad in the south.
The company anticipates receiving remaining drill results from a regional exploration program at Concorde and Buckfast, located south of the highway in the coming weeks.
“The new discoveries along with the zircon-rich Night Train deposit, all located in close proximity to the company’s world class Thunderbird deposit clearly demonstrate the global significance and strategic value of Sheffield’s Dampier Mineral Sands Project,” Sheffield Resources managing director Bruce McFadzean said in the company’s announcement to the Australian Securities Exchange.
“These discoveries add to an already exciting time for shareholders as we move forward with the development of Thunderbird, continue to progress our Night Train discovery and unlock the exploration upside of the Canning Basin mineral sands province.”