Heron Resources Ltd (HRLDF) 0.1032 $HRLDF
Changes to Heron's Board of Directors
Filing Services Canada - Wed Apr 29, 1:54PM CDT
Changes to Herons Board of Directors West Perth, Western Australia (FSCwire) - Heron Resources Limited (Heron or the Company) would like to announce the following changes to the Board of Directors. Changes to the composition of the Board were foreshadowed in December last year, at which time the Companys current Chairman, Mr Craig Readhead, indicated he would be stepping down from the Chairmans role. Having guided the Company through a number of significant milestones in recent times, Mr Readhead has also indicated his intention to step down from the Board. The Board expresses its gratitude to Mr Readhead for his valuable leadership contribution over the last thirteen years and wishes him well in his future endeavours. Under Mr Readheads stewardship as Herons Chairman, the Company completed the merger with TriAusMin Ltd in August 2014, resetting the direction of the Company with the acquisition of a high quality base metal asset at Woodlawn. The recently announced successful completion of the Woodlawn Project Preliminary Economic Assessment (PEA) has confirmed the economic viability of Woodlawn as a significant producer of zinc, copper and lead and strongly reinforces the decision taken to merge the two companies. This transaction, the subsequent positive PEA study outcome, and Herons secure financial position, underpin a bright future for the Company as it continues to advance the development of Woodlawn. The Board is also pleased to announce the appointment of Mr Stephen Dennis to the role of independent Non-executive Chairman. Mr Dennis has been a Heron Director since 2006 and brings significant experience in base metals, project development and operations management. These changes to the Board will become effective on 30 April 2015. About Heron Resources Limited: Heron is engaged in the exploration and development of base and precious metal deposits in Australia. Herons projects include the high-grade Woodlawn Zinc-Copper Project located 250km southwest of Sydney, New South Wales, and the Kalgoorlie Nickel Project located north of Kalgoorlie, Western Australia. In addition the Company holds a number of other high quality exploration properties located in the Lachlan Fold Belt, New South Wales. For further information, please visit www.heronresources.com.au or contact: Australia: Mr Wayne Taylor, Managing Director and Chief Executive Officer: Tel: +61 8 6500 9200 Email: heron@heronresources.com.au Canada: Tel: +1 905 727 8688 (Toronto) To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...292015.pdf Source: Heron Resources Limited (TSX:HER, ASX:HRR) http://www.triausmin.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
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Changes to Heron’s Board of Directors
Filing Services Canada XHTML - Wed Apr 29, 1:54PM CDT
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Preliminary Economic Assessment Delivers Strong Business Case for the Woodlawn Zinc-Copper Project
Filing Services Canada XHTML - Tue Apr 21, 7:35PM CDT
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Heron Appoints Non-Executive Director
Filing Services Canada - Wed Apr 08, 6:20PM CDT
Heron Appoints Non-Executive Director Sydney, Australia (FSCwire) - Heron Resources Limited (Heron or the Company) is pleased to announce that it has appointed Ms Fiona Robertson to the Board as an Independent Non-executive Director. Ms Robertson is a finance professional and practicing non-executive director and audit/risk committee chair with a background of nearly 20 years as a chief financial officer in the emerging and mid-tier resources sector and 14 years as a corporate banker working in Sydney, New York and London with Chase Manhattan Bank. Ms Robertsons previous executive roles have included; Consulting CFO for Petsec Energy Ltd; Principal Financial Advisor and CFO to Climax Mining Ltd; CFO for Delta Gold Ltd; and corporate banking with Chase Manhattan Bank. Current roles include; Non-executive Director and Chair of the Audit & Risk Committee of Drillsearch Energy Ltd; Non-executive Chair of One Asia Resources Ltd; and National Committee Member & Chair NSW of WIMnet (AusIMMs Women in Mining Network). Herons Chairman, Mr Craig Readhead, welcomed the appointment: We are very pleased to welcome Fiona to the Board. She brings an excellent skill set and depth of experience that complements the existing Board. Her strong financial and governance skill sets will be particularly useful in assisting Heron through the exciting transition from explorer to producer. The Company is very pleased to have secured her services and we look forward to the application of her knowledge base as the Woodlawn Project is positioned for development. About Heron Resources Limited: Heron is engaged in the exploration and development of base and precious metal deposits in Australia. Herons projects include the high grade Woodlawn Zinc-Copper Project located 250km southwest of Sydney, New South Wales, and the Kalgoorlie Nickel Project located north of Kalgoorlie, Western Australia. In addition the Company holds a number of other high quality exploration properties located in the Lachlan Fold Belt, New South Wales. For further information, please visit www.heronresources.com.au or contact: Australia: Mr Wayne Taylor, Managing Director and Chief Executive Officer: Tel: +61 8 6500 9200 Email: heron@heronresources.com.au Canada: Tel: +1 905 727 8688 (Toronto) To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...082015.pdf Source: Heron Resources Limited (TSX:HER, ASX:HRR) http://www.triausmin.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
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Woodlawn Phase 1 Drilling Program Successfully Completed
Filing Services Canada XHTML - Thu Mar 12, 8:41PM CDT
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Woodlawn Drilling Update – High Grade Results from new Lisa Lens
Filing Services Canada XHTML - Tue Feb 17, 6:39PM CST
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Results of Voting - General Meeting on 12 February 2015
Filing Services Canada XHTML - Thu Feb 12, 6:53AM CST
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Woodlawn Zinc Copper Project – Successful Metallurgical Test Work
Filing Services Canada XHTML - Tue Feb 10, 4:11PM CST
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Woodlawn Drilling Update – Further Shallow High-Grade Results
Filing Services Canada XHTML - Mon Feb 02, 7:38PM CST
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Woodlawn Drilling Update - Further Shallow High-Grade Results
Filing Services Canada - Mon Feb 02, 7:38PM CST
Woodlawn Drilling Update Further Shallow High-Grade Results Assay Results: 5.9m at 6.3% Zn, 3.2% Cu, 1.7% Pb, 1.3g/t Au, 74g/t Ag from 348m (WNDD0011: Kate Lens) 5.8m at 3.6% Zn, 0.7% Cu, 1.5% Pb, 1.0g/t Au, 60g/t Ag from 74m (WNDD0012: H/G Lens) 4.2m at 14.8% Zn, 2.2% Cu, 6.2% Pb, 0.7g/t Au, 37g/t Ag from 135m (WNDD0012: E Lens) 9.3m at 6.4% Zn, 3.2% Cu, 2.8% Pb, 2.4g/t Au, 151g/t Ag from 76m (WNDD0013: G Lens) 2.1m at 3.1% Zn, 6.5% Cu, 1.3% Pb, 1.2g/t Au, 146g/t Ag from 61m (WNDD0014: G Lens) New Massive Sulphide Intercepts: 9.4m of copper-rich massive sulphides from 437m (WNDD0016: Kate Lens) 9.5m of complex and copper-rich massive sulphides from 254m (WNDD0017: D Lens) DHEM Surveys EM crew scheduled for site this week to survey drill holes around Lisa Lens and a surface EM survey at the Currawang deposit Sydney, Australia (FSCwire) - Heron Resources Limited (Heron or the Company) is pleased to report further high grade assay results from a number of massive sulphide intercepts with a focus on shallow positions. The intercepts in the E, G and H Lenses are particularly encouraging as they represent high grade intercepts at relatively shallow depths with these positions remaining open in a number of directions. In addition, a further result for Kate Lens continues to extend the Mineral Resource boundary for this lens. The latest assay results and massive sulphide intercepts form part of the successful 2014 drilling program targeting a revised Woodlawn Mineral Resource to be used in the Preliminary Economic Assessment for the Woodlawn Underground Project. Woodlawn is a high-grade volcanogenic massive sulphide (VMS) deposit, located some 50km north-east of Canberra and 250km south-west of Sydney in New South Wales, Australia. Assay Results Assay results for diamond holes WNDD0010 - 14 have been received and have returned strong results in the E, G, H and Kate Lenses (see Figures 1-3 below). Significant intercepts include: WNDD0010: Three 1m intercepts at 1.6% Cu between 353-366m depth (Kate Lens) WNDD0011: 5.9m at 6.3% Zn, 3.2% Cu, 1.7% Pb, 1.3g/t Au, 74g/t Ag from 348m (Kate Lens) WNDD0012: 5.8m at 3.6% Zn, 0.7% Cu, 1.5% Pb, 1.0g/t Au, 60g/t Ag from 74m (H/G Lens) WNDD0012: 4.2m at 14.8% Zn, 2.2% Cu, 6.2% Pb, 0.7g/t Au, 37g/t Ag from 135m (E Lens) WNDD0013: 9.3m at 6.4% Zn, 3.2% Cu, 2.8% Pb, 2.4g/t Au, 151g/t Ag from 76m (G Lens) WNDD0014: 2.1m at 3.1% Zn, 6.5% Cu, 1.3% Pb, 1.2g/t Au, 146g/t Ag from 61m (G Lens) Hole WNDD0010 intersected mostly pyritic mineralisation in the lower south corner of the Kale Lens and, while assays do not represent economic grades under current conditions, it does replicate the pyritic mineralisation seen on the margins of other Woodlawn lenses. The high grade result for hole WNDD0011 extends the upper northern boundary of the Kate Lens and it remains open above and to the north of this intercept, where a further hole is currently being drilled. The three high grade shallow intercepts recorded in holes WNDD0012, WNDD0013 and WNDD0014 demonstrate the near surface prospectivity that still remains at Woodlawn and represent high-grade, albeit relatively narrow massive-sulphide zones, that can be exploited early in the future operations life. They also demonstrate the multiple lens system that occurs at Woodlawn and which provides excellent opportunities to incrementally expand the Mineral Resource base with further targeted drilling. New Intercepts The drilling continues to generate new massive sulphide intercepts based on step out targeting of the Kate Lens and other positions. Recent intercepts include: WNDD0016: 9.4m of copper-rich massive sulphides from 437m (Kate Lens) WNDD0017: 9.5m of complex and copper-rich massive sulphides from 254m (D Lens) WNDD0017 was also targeting the up-dip positon of the new Lisa Lens position, however, it appears the lens has been stoped out here due to late stage dolerite sills that have intruded the host stratigraphy. DHEM will be used to better understand the position of this new lens prior to follow-up drilling commencing. WNDD0017 was continued through to intersect the D Lens position and successfully penetrated a zone of massive sulphides of similar tenor and thickness to the previously modelled portion of this lens. Figure 1: Plan overview of the Woodlawn Lenses showing pit and existing underground decline. To view this image, please either click on the link below, or copy and paste the link into your browser: DHEM Surveys The DHEM crew is scheduled to arrive on site this week to survey a number of the recent drill holes. This survey should provide good insight into the placement of further follow-up holes for potential resource expansion. In addition, the EM crew will be undertaking a surface EM survey over the former Currawang Mine in a prospective position to the south of the known mineralisation. Drilling Program Overview The diamond drilling is continuing at Woodlawn with three rigs currently in operation, two conducting exploration/resource drilling and the third testing the geotechnical conditions for the proposed box-cut, portal and access to the existing decline on the eastern side of the pit. Whilst the initial drilling program is nearing completion, it has achieved the objective of defining the Kate Lens mineralisation plus identified a number of new or extensional mineralised positions that will be included in updated Mineral Resource estimate as part of the Preliminary Economic Assessment study on the Woodlawn Underground Project. To complete the first phase drilling program, one hole is being drilled to test the north extension of the Kate Lens and a further hole is being drilled to test below the southern end of the Woodlawn open pit where hole W024 (historical Jododex hole) intersected 15.7m at 8.7% Zn, 2.6% Pb, 0.9% Cu, 1.0g/t Au and 71g/t Ag .This hole has had limited follow up drilling. Full details of the holes drilled and assay results to date are provided in Tables 1 and 2 at the end of this report. About Heron Resources Limited: Heron is engaged in the exploration and development of base and precious metal deposits in Australia. Herons projects include the high grade Woodlawn Zinc-Copper Project located 250km southwest of Sydney, New South Wales, and the Kalgoorlie Nickel Project located north of Kalgoorlie, Western Australia. In addition the Company holds a number of other high quality exploration properties located in the Lachlan Fold Belt, New South Wales. For further information, please visit www.heronresources.com.au or contact: Australia: Mr Wayne Taylor, Managing Director and Chief Executive Officer: Tel: +61 8 9215 4444 Email: heron@heronresources.com.au Canada: Tel: +1 905 727 8688 (Toronto) Figure 2 (top): Cross section through the Woodlawn underground lenses looking north. Figure 3 (bottom): Long-section looking east for the Kate Lens showing recent drilling and modelled DHEM plate. To view this image, please either click on the link below, or copy and paste the link into your browser: Technical Information Table 1 Drill hole details for diamond drill holes relevant to this update To view this table, please either click on the link below, or copy and paste the link into your browser: Notes: WMG = Woodlawn Mine Grid Table 2 Details of massive sulphide intercepts and reported grades from current Heron campaign To view this table, please either click on the link below, or copy and paste the link into your browser: Notes: True width is an estimate of the actual thickness of the intercept based on interpreted lens orientation (approximately 80% of downhole width); grades are weighted average grades, weighted by length of samples intervals downhole, which are nominally 1 metre. No weighting was applied for differences in specific gravity. * Previously reported results. Compliance Statement (JORC 2012 and NI43-101) The technical information in this news release relating to the exploration results at the Woodlawn Project is based on information compiled by Mr David von Perger, who is a Member of the Australian Institute of Mining and Metallurgy (Chartered Professional Geology). Mr von Perger is a full time employee of Heron Resources Limited and has sufficient experience, which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration Results and qualified person as this term is defined in Canadian National Instrument 43-101 (NI 43-101). Mr von Perger has reviewed this press release and consents to the inclusion in this news release of the information in the form and context in which it appears. CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION This news release contains forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws, which are based on expectations, estimates and projections as of the date of this news release. This forward-looking information includes, or may be based upon, without limitation, estimates, forecasts and statements as to managements expectations with respect to, among other things, the timing and amount of funding required to execute the Companys exploration, development and business plans, capital and exploration expenditures, the effect on the Company of any changes to existing legislation or policy, government regulation of mining operations, the length of time required to obtain permits, certifications and approvals, the success of exploration, development and mining activities, the geology of the Companys properties, environmental risks, the availability of labour, the focus of the Company in the future, demand and market outlook for precious metals and the prices thereof, progress in development of mineral properties, the Companys ability to raise funding privately or on a public market in the future, the Companys future growth, results of operations, performance, and business prospects and opportunities. Wherever possible, words such as anticipate, believe, expect, intend, may and similar expressions have been used to identify such forward-looking information. Forward-looking information is based on the opinions and estimates of management at the date the information is given, and on information available to management at such time. Forward-looking information involves significant risks, uncertainties, assumptions and other factors that could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking information. These factors, including, but not limited to, fluctuations in currency markets, fluctuations in commodity prices, the ability of the Company to access sufficient capital on favourable terms or at all, changes in national and local government legislation, taxation, controls, regulations, political or economic developments in Canada, Australia or other countries in which the Company does business or may carry on business in the future, operational or technical difficulties in connection with exploration or development activities, employee relations, the speculative nature of mineral exploration and development, obtaining necessary licenses and permits, diminishing quantities and grades of mineral reserves, contests over title to properties, especially title to undeveloped properties, the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drill results and other geological data, environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and flooding, limitations of insurance coverage and the possibility of project cost overruns or unanticipated costs and expenses, and should be considered carefully. Many of these uncertainties and contingencies can affect the Companys actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, the Company. Prospective investors should not place undue reliance on any forward-looking information. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure prospective purchasers that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. No stock exchange, regulation services provider, securities commission or other regulatory authority has approved or disapproved the information contained in this news release. Appendix 1 JORC 2012 Table 1 Section 1 Sampling Techniques and Data (Criteria in this section applies to all succeeding sections) To view this table, please either click on the link below, or copy and paste the link into your browser: Section 2 Reporting of Exploration Results (Criteria listed in the preceding section also apply to this section.) To view this table, please either click on the link below, or copy and paste the link into your browser: To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...022015.pdf Source: Heron Resources Limited (TSX:HER, ASX:HRR) http://www.triausmin.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
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Advancing the Woodlawn Project
Filing Services Canada XHTML - Mon Jan 26, 5:55PM CST
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Woodlawn Drilling Update - G Lens Delivers Strong Results and Potential New Lens Discovered
Filing Services Canada XHTML - Tue Jan 13, 5:40PM CST
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Woodlawn High Grade Assays and New Massive Sulphide Intercepts
Filing Services Canada XHTML - Sun Dec 21, 9:07PM CST
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Notification of date of General Meeting
Filing Services Canada XHTML - Fri Dec 12, 7:00AM CST
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Changes to Heron's Board of Directors
Filing Services Canada - Wed Apr 29, 1:54PM CDT
Changes to Herons Board of Directors West Perth, Western Australia (FSCwire) - Heron Resources Limited (Heron or the Company) would like to announce the following changes to the Board of Directors. Changes to the composition of the Board were foreshadowed in December last year, at which time the Companys current Chairman, Mr Craig Readhead, indicated he would be stepping down from the Chairmans role. Having guided the Company through a number of significant milestones in recent times, Mr Readhead has also indicated his intention to step down from the Board. The Board expresses its gratitude to Mr Readhead for his valuable leadership contribution over the last thirteen years and wishes him well in his future endeavours. Under Mr Readheads stewardship as Herons Chairman, the Company completed the merger with TriAusMin Ltd in August 2014, resetting the direction of the Company with the acquisition of a high quality base metal asset at Woodlawn. The recently announced successful completion of the Woodlawn Project Preliminary Economic Assessment (PEA) has confirmed the economic viability of Woodlawn as a significant producer of zinc, copper and lead and strongly reinforces the decision taken to merge the two companies. This transaction, the subsequent positive PEA study outcome, and Herons secure financial position, underpin a bright future for the Company as it continues to advance the development of Woodlawn. The Board is also pleased to announce the appointment of Mr Stephen Dennis to the role of independent Non-executive Chairman. Mr Dennis has been a Heron Director since 2006 and brings significant experience in base metals, project development and operations management. These changes to the Board will become effective on 30 April 2015. About Heron Resources Limited: Heron is engaged in the exploration and development of base and precious metal deposits in Australia. Herons projects include the high-grade Woodlawn Zinc-Copper Project located 250km southwest of Sydney, New South Wales, and the Kalgoorlie Nickel Project located north of Kalgoorlie, Western Australia. In addition the Company holds a number of other high quality exploration properties located in the Lachlan Fold Belt, New South Wales. For further information, please visit www.heronresources.com.au or contact: Australia: Mr Wayne Taylor, Managing Director and Chief Executive Officer: Tel: +61 8 6500 9200 Email: heron@heronresources.com.au Canada: Tel: +1 905 727 8688 (Toronto) To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...292015.pdf Source: Heron Resources Limited (TSX:HER, ASX:HRR) http://www.triausmin.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
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Changes to Heron’s Board of Directors
Filing Services Canada XHTML - Wed Apr 29, 1:54PM CDT
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Preliminary Economic Assessment Delivers Strong Business Case for the Woodlawn Zinc-Copper Project
Filing Services Canada XHTML - Tue Apr 21, 7:35PM CDT
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Heron Appoints Non-Executive Director
Filing Services Canada - Wed Apr 08, 6:20PM CDT
Heron Appoints Non-Executive Director Sydney, Australia (FSCwire) - Heron Resources Limited (Heron or the Company) is pleased to announce that it has appointed Ms Fiona Robertson to the Board as an Independent Non-executive Director. Ms Robertson is a finance professional and practicing non-executive director and audit/risk committee chair with a background of nearly 20 years as a chief financial officer in the emerging and mid-tier resources sector and 14 years as a corporate banker working in Sydney, New York and London with Chase Manhattan Bank. Ms Robertsons previous executive roles have included; Consulting CFO for Petsec Energy Ltd; Principal Financial Advisor and CFO to Climax Mining Ltd; CFO for Delta Gold Ltd; and corporate banking with Chase Manhattan Bank. Current roles include; Non-executive Director and Chair of the Audit & Risk Committee of Drillsearch Energy Ltd; Non-executive Chair of One Asia Resources Ltd; and National Committee Member & Chair NSW of WIMnet (AusIMMs Women in Mining Network). Herons Chairman, Mr Craig Readhead, welcomed the appointment: We are very pleased to welcome Fiona to the Board. She brings an excellent skill set and depth of experience that complements the existing Board. Her strong financial and governance skill sets will be particularly useful in assisting Heron through the exciting transition from explorer to producer. The Company is very pleased to have secured her services and we look forward to the application of her knowledge base as the Woodlawn Project is positioned for development. About Heron Resources Limited: Heron is engaged in the exploration and development of base and precious metal deposits in Australia. Herons projects include the high grade Woodlawn Zinc-Copper Project located 250km southwest of Sydney, New South Wales, and the Kalgoorlie Nickel Project located north of Kalgoorlie, Western Australia. In addition the Company holds a number of other high quality exploration properties located in the Lachlan Fold Belt, New South Wales. For further information, please visit www.heronresources.com.au or contact: Australia: Mr Wayne Taylor, Managing Director and Chief Executive Officer: Tel: +61 8 6500 9200 Email: heron@heronresources.com.au Canada: Tel: +1 905 727 8688 (Toronto) To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...082015.pdf Source: Heron Resources Limited (TSX:HER, ASX:HRR) http://www.triausmin.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
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Woodlawn Phase 1 Drilling Program Successfully Completed
Filing Services Canada XHTML - Thu Mar 12, 8:41PM CDT
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Woodlawn Drilling Update – High Grade Results from new Lisa Lens
Filing Services Canada XHTML - Tue Feb 17, 6:39PM CST
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Results of Voting - General Meeting on 12 February 2015
Filing Services Canada XHTML - Thu Feb 12, 6:53AM CST
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Woodlawn Zinc Copper Project – Successful Metallurgical Test Work
Filing Services Canada XHTML - Tue Feb 10, 4:11PM CST
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Woodlawn Drilling Update – Further Shallow High-Grade Results
Filing Services Canada XHTML - Mon Feb 02, 7:38PM CST
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Woodlawn Drilling Update - Further Shallow High-Grade Results
Filing Services Canada - Mon Feb 02, 7:38PM CST
Woodlawn Drilling Update Further Shallow High-Grade Results Assay Results: 5.9m at 6.3% Zn, 3.2% Cu, 1.7% Pb, 1.3g/t Au, 74g/t Ag from 348m (WNDD0011: Kate Lens) 5.8m at 3.6% Zn, 0.7% Cu, 1.5% Pb, 1.0g/t Au, 60g/t Ag from 74m (WNDD0012: H/G Lens) 4.2m at 14.8% Zn, 2.2% Cu, 6.2% Pb, 0.7g/t Au, 37g/t Ag from 135m (WNDD0012: E Lens) 9.3m at 6.4% Zn, 3.2% Cu, 2.8% Pb, 2.4g/t Au, 151g/t Ag from 76m (WNDD0013: G Lens) 2.1m at 3.1% Zn, 6.5% Cu, 1.3% Pb, 1.2g/t Au, 146g/t Ag from 61m (WNDD0014: G Lens) New Massive Sulphide Intercepts: 9.4m of copper-rich massive sulphides from 437m (WNDD0016: Kate Lens) 9.5m of complex and copper-rich massive sulphides from 254m (WNDD0017: D Lens) DHEM Surveys EM crew scheduled for site this week to survey drill holes around Lisa Lens and a surface EM survey at the Currawang deposit Sydney, Australia (FSCwire) - Heron Resources Limited (Heron or the Company) is pleased to report further high grade assay results from a number of massive sulphide intercepts with a focus on shallow positions. The intercepts in the E, G and H Lenses are particularly encouraging as they represent high grade intercepts at relatively shallow depths with these positions remaining open in a number of directions. In addition, a further result for Kate Lens continues to extend the Mineral Resource boundary for this lens. The latest assay results and massive sulphide intercepts form part of the successful 2014 drilling program targeting a revised Woodlawn Mineral Resource to be used in the Preliminary Economic Assessment for the Woodlawn Underground Project. Woodlawn is a high-grade volcanogenic massive sulphide (VMS) deposit, located some 50km north-east of Canberra and 250km south-west of Sydney in New South Wales, Australia. Assay Results Assay results for diamond holes WNDD0010 - 14 have been received and have returned strong results in the E, G, H and Kate Lenses (see Figures 1-3 below). Significant intercepts include: WNDD0010: Three 1m intercepts at 1.6% Cu between 353-366m depth (Kate Lens) WNDD0011: 5.9m at 6.3% Zn, 3.2% Cu, 1.7% Pb, 1.3g/t Au, 74g/t Ag from 348m (Kate Lens) WNDD0012: 5.8m at 3.6% Zn, 0.7% Cu, 1.5% Pb, 1.0g/t Au, 60g/t Ag from 74m (H/G Lens) WNDD0012: 4.2m at 14.8% Zn, 2.2% Cu, 6.2% Pb, 0.7g/t Au, 37g/t Ag from 135m (E Lens) WNDD0013: 9.3m at 6.4% Zn, 3.2% Cu, 2.8% Pb, 2.4g/t Au, 151g/t Ag from 76m (G Lens) WNDD0014: 2.1m at 3.1% Zn, 6.5% Cu, 1.3% Pb, 1.2g/t Au, 146g/t Ag from 61m (G Lens) Hole WNDD0010 intersected mostly pyritic mineralisation in the lower south corner of the Kale Lens and, while assays do not represent economic grades under current conditions, it does replicate the pyritic mineralisation seen on the margins of other Woodlawn lenses. The high grade result for hole WNDD0011 extends the upper northern boundary of the Kate Lens and it remains open above and to the north of this intercept, where a further hole is currently being drilled. The three high grade shallow intercepts recorded in holes WNDD0012, WNDD0013 and WNDD0014 demonstrate the near surface prospectivity that still remains at Woodlawn and represent high-grade, albeit relatively narrow massive-sulphide zones, that can be exploited early in the future operations life. They also demonstrate the multiple lens system that occurs at Woodlawn and which provides excellent opportunities to incrementally expand the Mineral Resource base with further targeted drilling. New Intercepts The drilling continues to generate new massive sulphide intercepts based on step out targeting of the Kate Lens and other positions. Recent intercepts include: WNDD0016: 9.4m of copper-rich massive sulphides from 437m (Kate Lens) WNDD0017: 9.5m of complex and copper-rich massive sulphides from 254m (D Lens) WNDD0017 was also targeting the up-dip positon of the new Lisa Lens position, however, it appears the lens has been stoped out here due to late stage dolerite sills that have intruded the host stratigraphy. DHEM will be used to better understand the position of this new lens prior to follow-up drilling commencing. WNDD0017 was continued through to intersect the D Lens position and successfully penetrated a zone of massive sulphides of similar tenor and thickness to the previously modelled portion of this lens. Figure 1: Plan overview of the Woodlawn Lenses showing pit and existing underground decline. To view this image, please either click on the link below, or copy and paste the link into your browser: DHEM Surveys The DHEM crew is scheduled to arrive on site this week to survey a number of the recent drill holes. This survey should provide good insight into the placement of further follow-up holes for potential resource expansion. In addition, the EM crew will be undertaking a surface EM survey over the former Currawang Mine in a prospective position to the south of the known mineralisation. Drilling Program Overview The diamond drilling is continuing at Woodlawn with three rigs currently in operation, two conducting exploration/resource drilling and the third testing the geotechnical conditions for the proposed box-cut, portal and access to the existing decline on the eastern side of the pit. Whilst the initial drilling program is nearing completion, it has achieved the objective of defining the Kate Lens mineralisation plus identified a number of new or extensional mineralised positions that will be included in updated Mineral Resource estimate as part of the Preliminary Economic Assessment study on the Woodlawn Underground Project. To complete the first phase drilling program, one hole is being drilled to test the north extension of the Kate Lens and a further hole is being drilled to test below the southern end of the Woodlawn open pit where hole W024 (historical Jododex hole) intersected 15.7m at 8.7% Zn, 2.6% Pb, 0.9% Cu, 1.0g/t Au and 71g/t Ag .This hole has had limited follow up drilling. Full details of the holes drilled and assay results to date are provided in Tables 1 and 2 at the end of this report. About Heron Resources Limited: Heron is engaged in the exploration and development of base and precious metal deposits in Australia. Herons projects include the high grade Woodlawn Zinc-Copper Project located 250km southwest of Sydney, New South Wales, and the Kalgoorlie Nickel Project located north of Kalgoorlie, Western Australia. In addition the Company holds a number of other high quality exploration properties located in the Lachlan Fold Belt, New South Wales. For further information, please visit www.heronresources.com.au or contact: Australia: Mr Wayne Taylor, Managing Director and Chief Executive Officer: Tel: +61 8 9215 4444 Email: heron@heronresources.com.au Canada: Tel: +1 905 727 8688 (Toronto) Figure 2 (top): Cross section through the Woodlawn underground lenses looking north. Figure 3 (bottom): Long-section looking east for the Kate Lens showing recent drilling and modelled DHEM plate. To view this image, please either click on the link below, or copy and paste the link into your browser: Technical Information Table 1 Drill hole details for diamond drill holes relevant to this update To view this table, please either click on the link below, or copy and paste the link into your browser: Notes: WMG = Woodlawn Mine Grid Table 2 Details of massive sulphide intercepts and reported grades from current Heron campaign To view this table, please either click on the link below, or copy and paste the link into your browser: Notes: True width is an estimate of the actual thickness of the intercept based on interpreted lens orientation (approximately 80% of downhole width); grades are weighted average grades, weighted by length of samples intervals downhole, which are nominally 1 metre. No weighting was applied for differences in specific gravity. * Previously reported results. Compliance Statement (JORC 2012 and NI43-101) The technical information in this news release relating to the exploration results at the Woodlawn Project is based on information compiled by Mr David von Perger, who is a Member of the Australian Institute of Mining and Metallurgy (Chartered Professional Geology). Mr von Perger is a full time employee of Heron Resources Limited and has sufficient experience, which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration Results and qualified person as this term is defined in Canadian National Instrument 43-101 (NI 43-101). Mr von Perger has reviewed this press release and consents to the inclusion in this news release of the information in the form and context in which it appears. CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION This news release contains forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws, which are based on expectations, estimates and projections as of the date of this news release. This forward-looking information includes, or may be based upon, without limitation, estimates, forecasts and statements as to managements expectations with respect to, among other things, the timing and amount of funding required to execute the Companys exploration, development and business plans, capital and exploration expenditures, the effect on the Company of any changes to existing legislation or policy, government regulation of mining operations, the length of time required to obtain permits, certifications and approvals, the success of exploration, development and mining activities, the geology of the Companys properties, environmental risks, the availability of labour, the focus of the Company in the future, demand and market outlook for precious metals and the prices thereof, progress in development of mineral properties, the Companys ability to raise funding privately or on a public market in the future, the Companys future growth, results of operations, performance, and business prospects and opportunities. Wherever possible, words such as anticipate, believe, expect, intend, may and similar expressions have been used to identify such forward-looking information. Forward-looking information is based on the opinions and estimates of management at the date the information is given, and on information available to management at such time. Forward-looking information involves significant risks, uncertainties, assumptions and other factors that could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking information. These factors, including, but not limited to, fluctuations in currency markets, fluctuations in commodity prices, the ability of the Company to access sufficient capital on favourable terms or at all, changes in national and local government legislation, taxation, controls, regulations, political or economic developments in Canada, Australia or other countries in which the Company does business or may carry on business in the future, operational or technical difficulties in connection with exploration or development activities, employee relations, the speculative nature of mineral exploration and development, obtaining necessary licenses and permits, diminishing quantities and grades of mineral reserves, contests over title to properties, especially title to undeveloped properties, the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drill results and other geological data, environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and flooding, limitations of insurance coverage and the possibility of project cost overruns or unanticipated costs and expenses, and should be considered carefully. Many of these uncertainties and contingencies can affect the Companys actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, the Company. Prospective investors should not place undue reliance on any forward-looking information. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure prospective purchasers that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. No stock exchange, regulation services provider, securities commission or other regulatory authority has approved or disapproved the information contained in this news release. Appendix 1 JORC 2012 Table 1 Section 1 Sampling Techniques and Data (Criteria in this section applies to all succeeding sections) To view this table, please either click on the link below, or copy and paste the link into your browser: Section 2 Reporting of Exploration Results (Criteria listed in the preceding section also apply to this section.) To view this table, please either click on the link below, or copy and paste the link into your browser: To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...022015.pdf Source: Heron Resources Limited (TSX:HER, ASX:HRR) http://www.triausmin.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
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Advancing the Woodlawn Project
Filing Services Canada XHTML - Mon Jan 26, 5:55PM CST
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Woodlawn Drilling Update - G Lens Delivers Strong Results and Potential New Lens Discovered
Filing Services Canada XHTML - Tue Jan 13, 5:40PM CST
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Woodlawn High Grade Assays and New Massive Sulphide Intercepts
Filing Services Canada XHTML - Sun Dec 21, 9:07PM CST
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Notification of date of General Meeting
Filing Services Canada XHTML - Fri Dec 12, 7:00AM CST
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