The Conversation (0)
Highfield Resources (ASX:HFR) announced that it has defined an exploration target for the Vipasca project, which is located on contiguous permits to the west of the company’s flagship Muga project in northern Spain.
Highfield Resources (ASX:HFR) announced that it has defined an exploration target for the Vipasca project, which is located on contiguous permits to the west of the company’s flagship Muga project in northern Spain.
Highlights:
- Re-interpretation of historical seismic and drill hole data supports the estimation of a significant Exploration Target* abutting the Company’s flagship Muga Project
- Exploration Target comprises two distinct areas: The Rocaforte Target (60km2 ), interpreted as one of the most continuous regional structures and The Osquia Target (31km2 ), located south of the Loiti Fault within the Osquia Permit
- Drilling to test Exploration Targets expected to commence in Q4 2015
- The Company’s primary focus remains its flagship Muga Mine, with construction on track to commence in Q4 CY2015
The total Vipasca exploration target is summarized as follows:
Anthony Hall, managing director of Highfield, commented:
The Exploration Target defined for Vipasca provides some further insight into Highfield´s assets and our aspirations to become a significant global potash producer. Based on seismic reinterpretation over the Vipasca area, and on information obtained from a number of drill holes completed at Muga by Highfield, as well as a historical hole completed in the late 1970s, we believe Vipasca has the potential to be one of Highfield’s most compelling assets.
Permitting and construction of the Muga Project continues to be our primary focus, however, we are very pleased about that the great potential we see in the Vipasca Project and are prepared to devote some resources to testing the Exploration Target this current year to ensure it remains an exciting component of our exploration pipeline.
Click here to read the full Highfield Resources (ASX:HFR) press release.