THE DRILL SERGEANT: Sheffield Resources (ASX: SFX) has commenced a major exploration drilling program at the company’s Dampier mineral sands project near Derby in northern Western Australia.
Sheffield Resources said the aircore drilling program is targeting multiple prospects along a 160 kilometres long prospective horizon and is expected to take two months and generate assay results.
The campaign has commenced at the high priority Night Train prospect located 20km southeast of Sheffield’s Thunderbird project and within two kilometres of the proposed Thunderbird Access Road.
This company explained the drilling program forms part of an exploration strategy of targeting additional large, zircon rich deposits containing premium ceramic grade zircon suitable for downstream processing at the Thunderbird Dry Mineral Separation Plant.
“We are true believers in the Canning Basin as a significant new mineral sands province. We have a dominant ground position in a highly underexplored region with immense potential,” Sheffield Resources managing director Bruce McFadzean said in the company’s announcement to the Australian Securities Exchange.
“We are looking for large zircon rich deposits to complement our Thunderbird Mineral Sands Project, one of the largest and highest-grade mineral sands discoveries in the last 30 years.
“We are planning an extensive drilling program, which could generate significant potential upside for investors.
“With clear long-term supply issues facing the industry and very few recent discoveries, Sheffield remains committed to aggressively growing its inventory of zircon rich Reserves and Resources.
“We will continue to actively pursue and evaluate new mineral sands opportunities in Australia and overseas, with a focus on large zircon rich deposits.”