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Aeon Metals Ltd.
Summary
| Project: | Walford Creek | |
|---|---|---|
| Deposit: | Vardy, Marley, Amy | |
| Location: | Australia | |
| Commodities: | Copper-Cobalt-Lead-Zinc-Silver | |
| Date: | 11/21/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-11-2019: Aeon Metals Ltd. announces an Exploration/Drilling Update report for its Vardy, Marley, Amy deposit at the Walford Creek project. Drilling results incl. 18m @ 2.82% Cu, 0.14% Co, 1.77% Pb, 0.50% Zn, 34g/t Ag from 154m. Aeon Metals Limited (Aeo | |
| 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 the final assay results from its 2019 drilling activities at the Walford Creek Copper-Cobalt Project (Walford Creek Project). Aeon Managing Director, Hamish Collins, commented: “These final Vardy/Marley results again show the excellent continuity of the high grade PY3 mineralisation. They also demonstrate the potentially considerable value in the shallower, near-surface Marley PY1 area. This area offers the potential for low strip ratios in combination with the opportunity to exploit additional lower grade material via the heap leach process route. “Despite the wide spacing nature of the previous drilling at Amy, the Aeon exploration team has done an excellent job of refining the geology model and successfully targeting the PY3 in this zone. The continuity of mineralisation demonstrated within the Amy zone during the 2019 drill program delivers the expectation of a significant increase to the current Amy Resource estimate. “We now look forward to completion of the updated Resource estimates for the Walford Creek Project, expected during the current quarter. It is important to remember that the recently released Scoping Study1 on Walford Creek does not incorporate the current Amy Resource nor any drilling results delivered at Walford Creek during the 2019 field season. In this context, it is worth noting that the known strike extent at Amy now extends over 6 kilometres. “Incorporation of the updated Resource estimates, including for the Amy zone, into the mine and process scheduling, has the potential to deliver substantial mine life extension and/or production expansion upside to the base case presented in the Scoping Study. | |
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