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Aeon Metals Ltd.
Summary
| Project: | Walford Creek | |
|---|---|---|
| Deposit: | Walford Creek | |
| Location: | Australia | |
| Commodities: | Copper-Cobalt-Lead-Zinc-Silver | |
| Date: | 8/17/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-8-2016: Aeon Metals Ltd. announces an Exploration/Drilling Update report for its Walford Creek deposit at the Walford Creek project. Amended report - drill results incl. 20m @ 3.8% Cu, 0.29% Co, 0.97% Pb, 0.75% Zn, 34g/t Ag from 34m. The Walford Creek | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Dan Johnson (Internal) | |
| ABSTRACT: | The Walford Creek 2016 drill program commenced on 5 May with the principal aim being to obtain further bulk sample for metallurgical work as well as upgrade the confidence of the JORC Resource. A total of 20 diamond holes were completed for 3,452m (274m RC pre-collar and 3,178m DD). The Company is now pleased to announce that further assay results confirm the shallow continuity of a high grade sulphide component of the Resource close to the fault containing excellent grades of copper, zinc and cobalt. Historical drilling has focussed further back from the Fish River Fault and these recent drill holes have highlighted the higher grade nature of very shallow sulphide mineralisation close to the fault. Low grade mineralisation is present in the oxide zone immediately above the fresh rock where these recent high grade results were intercepted in holes WFDD200 and WFDD204. Previous holes with significant copper and cobalt are shown in plan below. This higher grade portion of the current Resource is currently estimated to be approximately 600 metres in length. The Company is now considering an additional drilling program to generate better data on this higher grade zone and its possible extension beyond the current 600 metres estimate. Once all the assays for the 2016 drill program are received, the current Resource estimate will in any case be reviewed. | |
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