Hardey Resources’ due diligence increases confidence in Queensland vanadium projects
Date: Aug 23, 2018
Long-term objective is to develop viable vanadium operations in Australia and Argentina.
Hardey Resources Ltd’s (ASX:HDY) incremental due diligence on four highly prospective vanadium projects in Queensland has increased the confidence to geologically model, estimate and report under the JORC 2012 Code.
The projects are owned by Vanadium Mining (VanMin) that HDY intends to acquire.
Hardey has uncovered further historical evidence there are actually 383 air-core drill-holes targeting the Toolebuc Formation along the 150 kilometres strike running through the Spike, Cera and Petrie projects and within the Sharptooth prospect.
Encouragingly, the average drill-hole depth remains shallow at 30 metres, while elevated vanadium pentoxide (V2O5) assay results verify heightened mineral prospectivity across the projects, including:
