Hardey Resources Ltd’s (ASX:HDY) consultants have moved quickly to commence the inaugural site visit to Nelly Vanadium Mine in Argentina, as part of the company’s strategy to fast-track pre-acquisition due diligence.
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Hardey has received a brief report from SRK Consulting and Condor Prospecting that highlight key initial findings from the field trip.
Main open pit at Nelly Vanadium Mine
Key initial findings, other than a comprehensive survey of the entire project area and taking numerous photos, included:
• Discovery of nine stockpiles around the main open pit which are readily accessible and can be easily processed as a potential direct shipping ore product, if bulk sampling and metallurgy results are positive;
• Portions of mineralised veins up to 1.5 metres wide left untouched from historical mining operations within the open pit and shafts;
• Possible extension to the main open pit vein evidenced by surface outcropping with no visible legacy workings apparent; and
• Numerous examples from across the project area that highlights vanadium mineralisation prevalence at surface.
Vanadates within open pit
Hardey executive chairman Terence Clee said: “Without question, SRK Consulting and Condor Prospecting have moved rapidly to mobilise their teams to Nelly Vanadium Mine to progress preliminary due diligence.
“Having reviewed the initial findings, the board is highly encouraged to have confirmation the stockpiles are readily accessible and visible evidence of unexploited mineralisation.
“The board looks forward to receiving further news flow from site as it materialises.”
Host-rock and vein
Over the balance of the site visit, the teams will focus on geologically mapping the project area, ascertaining the extent of unexploited mineralised veins and quantifying the cumulative size of ore within the legacy stockpiles.