Potential for conglomerate-hosted gold at Hardey’s Pilbara projects
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Special Report: Hardey Resources is looking to fast-track exploration at its Pilbara projects, after a study found strong potential for conglomerate-hosted gold and polymetallic deposits.
The Hardey (ASX:HDY) Bellary prospect is next to Novo Resources’ (TSX-V: NVO) ground, who – along with Artermis Resources (ASX:ARV) — have made significant gold discoveries, including conglomerate ‘watermelon seed’ nuggets.
Hardey is now reviewing plans to fast-track exploration to better understand the conglomerate gold-hosted mineralisation across its four Pilbara projects, especially Bellary.
The company also confirmed that was recently approached by Australian and international groups interested in the four projects.
“While considerable resources have been devoted to closing out the two vanadium transactions, our geology consultants have been conducting reviews on the gold assets,” Hardey Resources executive chairman Terence Clee said.
Hardey is buying Vanadium Mining and has been doing due diligence on two of its assets, the Wollagalong and Chisholm sites in the Territory.
It is also moving quickly on plans to re-open the Nelly vanadium mine in Argentina.
“This initial update on Cheela, Bellary, Hammersley and Elsie North is highly encouraging, particularly the prospect of subsurface target mineralisation being apparent.”
“More importantly, recent approaches by Australian and international groups is timely, with the Board seeking to optimise these assets through bringing in prospective strategic partners.”
This special report is brought to you by Hardey Resources.
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