Hampton Hill Mining NL: Quarterly Activity and Cash Flow Report for the Quarter Ended June 30, 2021
Second floor, 9 rue H avelock
West of P erth WA 6 0 0 5
POB ox 6 8 9, West Perth WA 6 8 7 2
ABN 60 060 628 524
Telephone: (6 1 8) 9 4 8 1 8 4 4 4
Email: info @ hamptonhill. com. to
Web: www. Hamptonhill. com. to
July 30, 2021
Company Announcement Office
Level 4, 20 Bridge Street
SYDNEY NSW 2000
ACTIVITY REPORT FOR THE QUARTER ENDED JUNE 30, 2021
At the central leases of the Apollo Hill project on which Hampton Hill holds a 5% gross royalty on all production in excess of the first million ounces, the mineralized footprint has continued to extend along strike and to depth over the course of quarter as an aggressive drilling campaign continued. (Figure 1 and Figure 2).
At the Millennium Base Metals Project, a deep diamond drilling program began immediately after the end of the quarter.
The Company is awaiting the granting of its exploration license covering the new Tyson base metals project, but has in the meantime applied for a new exploration license covering the contiguous and northern silver anomaly.
Hampton Hill Mining NL (Hampton Hill or the company) has now been suspended from trading by ASX for almost 18 months. The Company continued its efforts to lift this suspension during the quarter by submitting a detailed submission to ASX on May 19, 2021.
The Company will have to delay the full implementation of exploration programs and budgets until ASX makes a decision regarding the suspension. The Company is however in a reasonable financial position and holds a loan facility of $ 1 million (ref: Hampton Hill semi-annual report as at December 31, 2020), of which $ 325,000 has been drawn to date. It has also listed ASX investments currently valued at approximately $ 2.7 million (10,800,000 shares of Peel Mining Limited (PEX)).
Apollo Hill Gold Project
During the quarter, work focused on resource extension drilling, infill drilling and metallurgical test work as the project progresses toward completion of pre-feasibility studies. Approximately 40,000 meters of reverse circulation drilling has been completed since the current JORC compliant resource at Apollo Hill was calculated at 35.9 million tonnes grading 0.8 grams / tonne gold (Ref: announcement ASX from Saturn Metals Limited of January 28, 2021). An additional 20,000 meters of drilling are planned and all results will then be applied to a new resource statement expected to be completed later in 2021.
The described resource footprint continued to expand in all directions. New results beyond the current resource envelope effectively extend the footprint south for another
1.4 km including the Ra and Tefnut zones. The results provide a solid basis for the next resource upgrade.
Your board anticipates a positive adjustment to both reported resource tonnage and possibly grade once all drill results are incorporated into a new resource statement.
Shareholders are invited to consult the Saturn Metals Limited ASX quarterly report for June 2021 for further details.
Figure 1 – Location of the Apollo Hill Gold Project in the Western Australian Gold Fields
Figure 2 – Apollo Hill Central Lease Royalty Zone
Millennium Base Metals Project
The Millennium Project is located 40 kilometers southwest of the Telfer Newcrest Gold / Copper Mine in Paterson Province, WA. It is being explored via a 75:25 joint venture between Encounter Resources Limited and Hampton Hill.
Millennium is located on the Tabletop fault in a non-outcropping area, with up to 20 meters of overburden transported. This structure is known for its metallogenic importance and is closely associated with the location of the Nifty copper deposit, which is located 50 kilometers laterally to the northwest. Previous drilling has defined a large zone of copper anomaly (+ 0.25% Cu) over a strike length of over 800 meters (Figure 3). The RC EPT1140 drill hole previously drilled and implanted in the core of the copper anomaly (Figure 4), returned a 26 meter copper sulfide intersection grading 0.60% Cu from 100 meters downstream which included 10 meters grading 0.92% Cu from 100 meters (see Resources Limited ASX meeting version July 19, 2012).
The current diamond drill program at Millennium was designed to test the copper anomaly at depth and was completed in July. The anomaly occurs in a thick carbonaceous shale in the Broadhurst Formation and is interpreted to be a leak upstream of the Tabletop fault from a primary copper position.
The program involved a 400 meter tail extending a previously drilled RC hole EPT2278 to a total depth of 840 meters. The results of the assay are expected in September 2021.
Figure 3 – Millennium drill hole location plan (max in Cu hole)
Figure 4 – Millennium schematic cross section through AA ‘(regolith anomaly projected on the section)
Tyson Base Metal Project
The Company is awaiting the granting of the primary exploration permit covering this project. During the quarter, it applied for a new contiguous and northern exploration license after a search for historical exploration reports revealed that the area covers a silver anomaly detected by previous drilling but not sufficiently tested. Our company has a competing candidate for this field and the award will be determined by a ballot organized by the DMIRS.
Glenview Base Metals Project
No fieldwork was done during the quarter and activity will be suspended for the time being.
Northlander Gold Project
Hampton Hill owns an NSR of 0.98% and certain salvage rights relating to the mining leases of the Northlander project.
Evolution Mining Limited (EVN) reported that a 26,000 ounce gold resource has been delineated on the Rayjax prospect as part of this project. The resource is contained in 21,000 tonnes of indicated category grading 1.63 grams per tonne of gold and 25,000 inferred tonnes grading 1.90 grams per tonne (Ref: EVN Annual Mineral Resource Declaration of February 17, 2021).
PAYMENTS TO RELATED PARTIES
(as indicated in section 6 of annex 5B of the quarterly cash flow report)
The cash outflows of $ 12,500 reported in section 6.1 of the quarterly cash flow report of Annex 5B relate to $ 11,000 in director fees, including superannuation, paid to non-executive directors during the quarter, as well as $ 1,500 in interest on a loan from a company associated with a director.
Authorized by the Council
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Hampton Hill Mines NL published this content on July 30, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on 01 Aug 2021 11:11:06 AM UTC.