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Market: ASX
Sector: General Mining
Epic: HAZ
News: Latest news
Web Site: Hazelwood Resources
Other Articles: 06-11-200901-10-200924-08-2009

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Tuesday February 09, 07:53Mediterranean Oil & Gas doubles proven and probable reserves for Ombrina Mare to 40 mmbbls

The good news gave a welcome boost to the group's share price, sending the stock up nearly 15 percent in early trade.

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Monday February 08, 09:33Tethys Petroleum achieves flow rates of over 5,400 bopd at AKD01 discovery in Kazakhstan

Current mapping indicates that the AKD01 well is in a downdip location on the prospect Doris with approximately 56 metres of elevation updip of the well, potentially bringing the entire lower reservoir into the oil zone.

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Tuesday February 09, 01:53Chindex International reports increasing medical and healthcare revenues

Healthcare products and services group Chindex International (NASDAQ: CHDX) reported increasing revenues as it continued to expand its operations in the People’s Republic of China (PRC).

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Hazelwood Resources

Hazelwood Resources

Hazelwood Resources (ASX: HAZ) is exploring and developing the Cookes Creek nickel sulphide and tungsten project located near Nullagine in the East Pilbara of Western Australia.  The project is situated approximately 220 kilometres northwest of Newman and 30 kilometres northwest of Nullagine.

The company anticipates production of concentrate to commence in late 2010/early 2011.

Friday, November 06, 2009

Hazelwood Resources tastes more drilling success at Big Hill Tungsten project

by Proactive Investors company news image

Tungsten miner Hazelwood Resources (ASX: HAZ) has made a promising start to the current exploration program.

The first drill hole of the current program has confirmed the extension of significant tungsten mineralisation on the western part of the Big Hill Deposit, beyond the limits of the current Mineral Resource.

Investors are fast becoming accustomed to drilling success at Cookes Creek Tungsten Project - Big Hill deposit is a part of the project.

To date, every drill hole completed at the Cookes Creek Tungsten Project has intersected significant tungsten mineralisation, said Hazelwood executive chairman Mark McAuliffe.

Continued drilling success has provided the confidence for its ambitions to provide 2-3% of world tungsten production - commencing in 2010.  Prefeasibility on the Big Hill Tungsten Project is nearing completion by late September 2009.

Total contained metal at the Big Hill Tungsten deposit increased recently by 15% to approximately 1.8 million mtu at a 0.1% WO3 cutoff.

Pre-Feas work shows the project to be be cash flow positive at low tungsten prices, with production of 200,000-220,000 mtu of tungsten per annum, at cash operating costs of less than US$100.00 per mtu.

What will make the Big Hill mineral resource particularly attractive to offtakers is it contains scheelite, one of the highest purity tungsten minerals. Contaminant and deleterious elements that generally occur in many tungsten deposits are either absent or at very low levels at Big Hill.

Tungsten was mined from the historical Cookes Creek mining centre during the 1950’s.

The Cookes Creek nickel sulphide and tungsten project is located in the East Pilbara of Western Australia, situated approximately 220 kilometres northwest of Newman and 30 kilometres northwest of Nullagine.

Two additional core drilling rigs are scheduled to arrive within the next couple of weeks to accelerate the program at Big Hill.

Up to five drilling rigs will be active on site for resource extensional drilling, metallurgical sampling and water drilling. Drilling will target near surface extensions to the Big Hill Resource and test high grade zones within the Resource.

As a pointer to future exploration for investors, mineralisation at  Big Hill has been shown to have a strike extent of more than a kilometre - yet only a fraction has been subject to resource drilling.

To provide for accelerated drilling, Hazelwood is completing a $10.3 million capital raising program for Cookes Creek project and, ultimately, the completion of a definitive (bankable) feasibility study. The capital raising is to institutional and retail investors both domestically and overseas through Hartleys Ltd.

A 20 tonne hard-rock bulk sample has been excavated for another round of beneficiation tests to produce additional samples of high purity concentrate for testing by end-users.

Larger diameter core holes will be drilled to collect approximately 50 tonnes of material for more pilot scale de-risking beneficiation test work.

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