Heron Resources Limited (ASX:HRR TSX:HER, “Heron” or the “Company”) is pleased to report an upgrade to the Mineral Resource estimate for the shallow G2 Lens and a revision of the total underground Mineral Resources at its wholly-owned Woodlawn Zinc-Copper Project, located 250km south-west of Sydney, New South Wales, Australia. The resource upgrade follows on from the recently completed drilling program that focused on expanding the shallow G2 position, in areas close to the proposed box-cut and decline.
As quoted in the press release:
Commenting on the results, Heron Resources Managing Director and CEO, Mr Wayne Taylor, said:
”This significant upgrade to the G2 Lens and total underground Mineral Resources is an encouraging development for the early stages of the mine development and we are looking forward to incorporating this material into the mine plan. It is expected to have a positive impact on the early cash flows of the project as the G2 area did not contribute to the feasibility study projections and will be the first source of underground production. These results along with the remaining extensional positions continue to demonstrate the discovery potential and economic upside at Woodlawn.”