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Aeon Metals Ltd.
Summary
| Project: | Walford Creek | |
|---|---|---|
| Deposit: | Marley, Vardy | |
| Location: | Australia | |
| Commodities: | Copper-Cobalt-Lead-Zinc-Silver | |
| Date: | 10/17/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-10-2018: Aeon Metals Ltd. announces an Exploration/Drilling Update report for its Marley, Vardy deposit at the Walford Creek project. Drilling results incl. 13m @ 3.73% Cu, 0.27% Co, 0.49% Zn, 0.20% Pb 49g/t Ag from 300m. Aeon Metals Ltd (“Aeon” or “th | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Dan Johnson (Internal) | |
| ABSTRACT: | Aeon Metals Ltd (“Aeon” or “the Company”) today provides assay results from hole WFDH378, which is located 5.7km west of Vardy and Marley Resource at the Company’s 100% owned Walford Creek Project. The results from this latest hole confirm the continuation of very high grade mineralisation west of the current Resource. This zonation of a high grade lead/zinc (“Peripheral Zone”) followed by a high grade copper/cobalt zone is consistent with the geological model currently defined both within the Resource and along strike (see Figure 1). Hole WFDH378 was planned using recently acquired 2D seismic data which suggested an anticlinal structure along the mineralised Fish River Fault. The hole was partially funded under the Queensland Government’s Collaborative Exploration Initiative (“CEI”) as a proof of concept focussed on drill testing targets identified in the seismic survey. WFDH378 lies 1.1km along strike from hole WFDH352 which has a strong Peripheral Lead-Zinc-Silver-Cobalt Zone above the 42m copper-cobalt zone (42m @ 2.55% Cu, 0.29% Co and 41gt Ag from 332m). Aeon has now completed approximately 34,000m of drilling since April 2018 – the largest base metal exploration drill campaign in Australia. With the onset of the wet season, drilling is forecast to be completed shortly. An upgraded Resource utilising all of the 2018 Resource drilling is forecast for early Q1 2019. | |
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