Sydney - Wednesday - September 24: (RWE Aust Business News) - Significant tungsten assays continue to be returned from the evaluation drilling program at the Big Hill deposit, Cookes Creek. Hazelwood (ASX:HAZ) said the extent of scheelite mineralisation continues to exceed expectations. The initial resource drilling program is expected to be concluded within the next two weeks. Results include 73m at 0.11 per cent tungsten from 30-103m with 15m at 0.25pc from 88-103m, 12m at 0.32pc from 28-40m, 28m at 0.28pc from 59-87m, 20m at 0.20pc from 0-20m, 51m at 0.17pc from 0 -51m with 23m at 0.20pc from 28-51m, 20m at 0.17pc from 32-52m with 8m at 0.29pc from 44-52m, 11m at 0.35pc from 56-67m. Exceptional apparent widths of scheelite mineralisation are indicated in the near surface parts of the deposit, which offers potential for a low cost, low stripping ratio operation. Two diamond core drilling rigs are currently drilling to test the down dip parts of the deposit and visual observation of the core confirms coarse scheelite mineralisation at depth.
HAZ Price at posting:
15.0¢ Sentiment: Buy Disclosure: Not Held