Woodlawn is a high-grade, volcanogenic massive-sulphide (VMS) deposit.
The company’s share were last trading at $0.14, up 8% intraday.
A program of eight diamond holes for 2,527 metres was completed in early September 2016, targeting extensions to the B Lens and the shallow G2 Lens.
Notably, high-grade assays were received from shallow intercepts in the G2 Lens hanging-wall zone.
This includes 9.8 metres at 28% zinc equivalent from 107 metres (8.7% zinc, 0.5% copper, 5.2% lead, 4.0 g/t gold and 326 g/t silver).
The drilling program has expanded the strike extent of the Woodlawn mineral system and results demonstrate that it remains open both to the south and the north-west.
This will be crucial in expanding the lateral footprint from which to make further discoveries and potentially draw new mine production from.
Both the B Lens north and G2 Lens positions can be serviced by existing planned capital development as contemplated in the Woodlawn Feasibility Study.
Heron is continuing to work on defining the next phase of work to follow-up these results.
Heron Resources drilling enhances resource potential at Woodlawn
Published: 13:00 18 Oct 2016 AEDT