Sheffield Resources returns high-grade infill drilling results from Thunderbird

THE DRILL SERGEANT: Sheffield Resources (ASX:SFX) has announced high-grade results achieved from infill drilling at the company’s 100 per cent-owned Thunderbird mineral sands project, located near Derby in northwest Western Australia.

The results relate to 110 infill aircore drill holes the company completed at Thunderbird during 2015 subsequent to the release of the current Mineral Resource.

Results include:

28.5 metres at 14.7 per cent heavy minerals (HM) from 1.5m, including 16.5m at 21.6 per cent HM from 6m;

28.5m at 14.3 per cent HM from 1.5m, including 16.5m at 20 per cent HM from 4.5m;

18.0m at 15 per cent HM from 0m, including 12m at 21.1 per cent HM from 0m;

37.5m at 12.3 per cent HM from 0m, including 21m at 16.8 per cent HM from 0m;

40.5m at 12.1 per cent HM from 4.5m, including 24m at 16.5 per cent HM from 6m;

37.5m at 12.9 per cent HM from 10.5m, including 34.5m at 13.4 per cent HM from 12m;

24m at 14.2 per cent HM from 0m, including 15m at 19.7 per cent HM from 1.5m;

36m at 12.7 per cent HM from 12m, including 34.5m at 13 per cent HM from 13.5m; and

31.5m at 12.2 per cent HM from 3m, including 15m at 18.6 per cent HM from 6m.

“These are another set of outstanding results that support and de-risk the initial years of proposed mine production and will further underpin a high quality Bankable Feasibility Study,” Sheffield Resources managing director Bruce McFadzean said in the company’s announcement to the Australian Securities Exchange.

Thunderbird has total Mineral Resources of 3.240 billion tonnes at 6.9 per cent HM (at 3% HM cut off) (Measured, Indicated and Inferred), including a coherent high grade zone (at 7.5% cut off) of 1.09 billion tonnes at 11.9 per cent HM (Measured, Indicated and Inferred) containing 9.9 million tonnes of zircon, 3 million tonnes of high-titanium leucoxene, 2.8 million tonnes of leucoxene and 36 million tonnes of ilmenite.