Broken Hill Prospecting Limited (ASX: BPL) – $0.051

16 Apr 2015

Broken Hill Prospecting Limited’s (ASX: BPL) subsidiary company Broken Hill Minerals Pty Ltd has completed a maiden drilling program at two of its heavy mineral sands projects in western New South Wales.

 

 

The Copi Heavy Mineral Sands Project is located approximately 180km south of Broken Hill (Figure 1). The air core drilling program was designed to target the Copi North deposit, a known high grade heavy mineral sands deposit associated with a well defined ancient beach sand strandline. The program comprised 129 drillholes for a total of 3,838 metres completed.

 

BPL Heavy Mineral Sands

Figure 1. Location of Copi and Magic Heavy Mineral Sands Projects

 

 

The Magic Heavy Mineral Sands Project is located approximately 129km south of Broken Hill (Figure 1). The air core drilling program comprised 88 drillholes for a total of 2,124 metres completed.

 

 

The drilling has been fully funded by private mining investment group Relentless Resources Limited, providing $2.0 million of funding through a Joint Venture to earn a 50% interest in the two projects.

 

 

Assay results from recent drilling is expected from the laboratory during the next several weeks. Resource estimations for both Copi North and Magic will commence when data has been received and are expected to be completed in mid-2015.

 

 

For further information, visit www.bhpl.biz

 

 

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