Proactive Investors
Published Feb 09, 2023 12:15
Updated Feb 09, 2023 12:30
Accelerate Resources' drilling returns highest manganese grades at Woodie Woodie North
Accelerate Resources Ltd (ASX:AX8) has fielded encouraging new results from a phase two drilling campaign at the Woodie Woodie North Manganese project in WA’s Pilbara returning up to 5 metres at 33.7% manganese from surface, including 1-metre at 50.8%.
Assays have returned the highest manganese grades yet within the project area and confirm the presence of large and well-developed hydrothermal zones at Area 42, with the potential for substantial manganese resources.
During the campaign, AX8 drilled 46 holes across 2,400 metres to follow up near-surface manganese outcrop and historical drill intersections and to define extensions of known manganese mineralisation along strike and at depth.
"Exceptional results"
Managing director Yaxi Zhan said: “We are highly encouraged by the outstanding drilling results. Thirty of 46 holes returned ore grade intercepts with maximum assays of 40% to 50.8% manganese recorded in multiple drilling locations.”
“These exceptional results represent only the very early stages of our efforts to delineate significant high-grade resources across our 35-kilometre-long Woodie Woodie North Project with a series of extensive high-grade zones already identified across the project."
Highlights
Thirty holes returned intersections greater than 3 metres above 8.5% manganese.
Accelerate has confirmed that the mineralisation extends at depth and over significant strike length from infill drilling. Broad, high-grade manganese zones with low iron intersected from shallow depths at Area 42 include:
Importantly, this program confirms the presence of large and well-developed hydrothermal (Woodie Woodie style) zones at Area 42, with the potential for substantial manganese resources to be delineated.
Area 42 represents the first of a series of extensive outcropping undrilled manganese targets identified by AX8 mapping across the 35-kilometre strike of the project.
What’s next?
Planning for an aggressive phase three drilling program is now underway.
The results from a High Purity Manganese Sulphate Monohydrate (HPMSM) test work program are due in February.
“Accelerate is continuing to build its unique value proposition to supply the market with a highly sought-after, high-grade premium manganese product,” Zhan said.
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Written By: Proactive Investors
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