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Aeon Metals Ltd.
Summary
| Project: | Walford Creek | |
|---|---|---|
| Deposit: | Vardy | |
| Location: | Australia | |
| Commodities: | Copper-Cobalt-Lead-Zinc-Silver | |
| Date: | 8/15/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-8-2017: Aeon Metals Ltd. announces an Exploration/Drilling Update report for its Vardy deposit at the Walford Creek project. Drilling results incl. 34.00m @ 0.69% Cu, 0.06% Co, 0.10% Pb, 1.14% Zn, 10.26g/t Ag from 82.00m. Aeon Metals Limited (“Aeon” or | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Dan Johnson (Internal) | |
| ABSTRACT: | Aeon Metals Limited (“Aeon” or “the Company”) is pleased to provide results from RC holes WFRC242 to WFRC256 drilled during July at its 100% owned Walford Creek Project in North West Queensland. The drill hole locations for the holes completed to date are shown in Figure 1. A number of the RC holes are drilled as pre-collars for deeper holes which will be completed using the diamond coring technique in coming weeks. Holes WFRC242, WFRC243 and WFRC245 were drilled to the east of the Vardy Zone to locate the Fish River Fault (“FRF”) to determine the positioning of future back holes to target the high grade Py3 unit within the general dolomitic siltstone package. Hole WFRC244 was drilled to test a NNE trending gossan structure north of the now defined eastward trending FRF but in an area where previous rock chip samples have recorded anomalous copper, lead and zinc. An intercept of 6m at 0.17% Cu from 66m confirms that, despite the structure being in the less prospective Walford Dolomite, anomalous mineralisation can occur outside of the highly prospective Mount Les Siltstone, host of the Py 1 and Py 3. Holes WRFC246 and WFRC247 were both drilled as pre-collars to get through the cover sequence. A further six holes are still in the laboratory awaiting results. Of these, three are RC holes and three are diamond tails. Hole WFPD261 was drilled 1km west of Vardy to test a geological zone where cross cutting faulting requires further clarification. Deviation in the RC pre-collar meant that the hole intercepted the fault higher than anticipated. Hole WFPD262 was drilled behind hole WFPD258 to test the Py3. The RC pre-collar again had some deviation. All upcoming drilling of Py3 will be drilled by Diamond. | |
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