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Accelerate Resources Ltd.
Summary
| Project: | Mount Read | |
|---|---|---|
| Deposit: | Thomas Creek | |
| Location: | Australia | |
| Commodities: | Cobalt-Copper-Nickel | |
| Date: | 4/8/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-4-2019: Accelerate Resources Ltd. announces an Exploration/Drilling Update report for its Thomas Creek deposit at the Mount Read project. Drilling results incl. 6.0m @ 0.19% Cu from 458m. Accelerate Resources Limited (“Accelerate” or “the Company”) is p | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Andrew Rust (Internal) | |
| ABSTRACT: | Accelerate Resources Limited (“Accelerate” or “the Company”) is pleased to announce that the Mobile MagnetoTellurics (Mobile MT) survey results, interpreted in conjunction with the data received from drill hole TCDD004, has highlighted a new conductive anomaly in the northeastern part of the Thomas Creek copper-cobalt prospect and also confirmed a conductive zone associated with the initial Thomas Creek IP Chargeability and geochemical target area, where drilling by the Company (TCDD001-003) has intersected anomalous copper and cobalt mineralisation associated with semi-massive sulphide veins and broad zones of disseminated pyrite and chalcopyrite. (Figure 1) MobileMT survey results The newly discovered conductive anomaly in the northeastern part of Thomas Creek, is located on the eastern flank of the Thomas Creek magnetic complex, north of a major northwest-southeast striking regional fault, which separates the target area from the previously identified Thomas Creek mineralisation. (Figure 1) | |
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