Red Hawk Mining (ASX:RHK) has completed a 20-hole diamond core drilling program for 844.3m at its wholly owned Blacksmith Iron Ore Project in Western Australia.
The $115.85 million market capitalisation company has delivered samples to Bureau Veritas for metallurgical testwork, including sinter tests, as well as being packaged up in rock material types to be marketed to potential customers.
Results from the sinter testwork are anticipated to be completed by Q3 2024.
Drilling was designed to provide PQ core material for metallurgical testing, inclusive of sinter testing and customer samples, alongside obtaining downhole density measurements to support increasing the confidence in the mineral resource.
Managing Director Steven Michael says: “This is the first drill program undertaken by the new Red Hawk technical team. It has improved our understanding of the nature of the geology, especially the DSO mineralisation, and the geotechnical conditions at the project.”
Red Hawk Mining is an iron ore explorer focused on developing its wholly owned Blacksmith project that lies 70km northwest of Tom Price and is surrounded by some ‘major’ iron ore projects in Western Australia.
As of 31 December 2023, the company had $4.108 million cash and cash equivalents at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: Red Hawk Mining
