Jun 29 2021
Hyperion Metals Limited (“Hyperion” or “the Company”) is pleased to announce that the initial results of the Phase 3 drilling program have been received, with excellent high-grade intercepts from the first 38 holes of the program highlighting the potential to rapidly define a large, critical mineral resource at the Titan Project, and the definition of a critical mineral rich province in the USA.
The Phase 3 drill program is focused upon infill drilling at the Titan Project in order to delineate a maiden mineral resource estimate. The results received include the thickest, highest grade intercepts to date, highlighting the huge potential for consistent grade and thickness of mineralization over ~3.6 km strike length drilled to date. Highlights include:
Table 1: Select drilling intersections highlighting very thick, high grade mineralization.
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Drill hole ID
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Result
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21-SDW-055
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48.8 m @ 3.3% THM including 15.2 m @ 6.5% THM and 13.7 m @ 4.3% THM
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21-SDW-054
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42.7 m @ 3.7% THM including 7.6 m @ 7.0% THM and 13.7 m @ 6.8 % THM
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21-SDW-059
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44.2 m @ 3.5% THM including 10.7 m @ 5.6% THM
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21-SDW-056
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45.7 m @ 3.2% THM including 13.7 m @ 4.6% THM and 12.2 m @ 6.0% THM
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21-SDW-058
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48.8 m @ 2.4% THM including 12.2 m @ 6.0% THM
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21-SWW-048
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15.2 m @ 7.6% THM including 6.1 m @ 14.7% THM
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The main mineralized zone is hosted stratigraphically in the lower member of the McNairy Formation. Mineralization averages 18 meters thickness and to date has been traced for 3.6 kilometers along strike.
Analytical data for the final products will be completed by SGS Laboratories in Lakefield, Ontario, with results expected in the coming weeks, and will further inform heavy mineral concentrate assemblage data for an initial mineral resource estimate and flowsheet development for the Titan Project.
Further, Hyperion has recently completed 32 drill holes and a 1 tonne metallurgical bulk sample at its recently expanded land position in the region. The new land position includes areas which saw significant drilling by companies including DuPont, Kerr McGee, RGC / Iluka, BHP and Altair International from the 1950’s to the 1990’s. Exploration results from the new land position are expected to be released in the coming months.
Commenting on the exploration progress, Anastasios (Taso) Arima, Managing Director of Hyperion Metals said:
“I am delighted with the initial Phase 3 drill results, being the best to date from the Titan Project in Tennessee, USA. In the coming months we will rapidly move towards resource delineation and completion of our initial economic studies. This would be the foundation for us to capitalize on this opportunity to become one of the major suppliers of critical minerals in the U.S. for advanced industries which are expected to see massive growth in the coming years from modernization and infrastructure spending in the country.
We are excited about continuing to explore and consolidate the area and we are confident in continuing to find additional areas of mineralization in this major, untapped U.S. critical mineral province.”
Source: https://hyperionmetals.us/