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Aeon Metals Ltd.
Summary
| Project: | Walford Creek | |
|---|---|---|
| Deposit: | Walford Creek | |
| Location: | Australia | |
| Commodities: | Copper-Cobalt-Lead-Zinc-Silver | |
| Date: | 7/18/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-7-2019: Aeon Metals Ltd. announces an Exploration/Drilling Update report for its Walford Creek deposit at the Walford Creek project. Drilling results incl. 7m @ 0.80% Cu, 0.13% Co, 0.20% Zn, 13g/t Ag from 93m. Aeon Metals Ltd (“Aeon” or “the Company”) | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Dan Johnson (Internal) | |
| ABSTRACT: | Aeon Metals Ltd (“Aeon” or “the Company”) is pleased to provide a further update on the progress of drilling at the Company’s 100%-owned Walford Creek Project. Significant new results include copper-cobalt assays for four RC holes drilled approximately 2km west of the Amy Resource boundary, and mineralised intercepts in two RC step-out holes drilled a further 500m to the west. Initial RC exploration drilling has focused on an area that is approximately 12.0- 12.5km from the eastern end of the currently planned Vardy pit design and approximately 2.0-2.5km west of the Amy Resource boundary (see Figure 1). Six RC holes have now been completed in this area to locate the Fish River Fault (“FRF”) and identify the prospective stratigraphic horizons. Intersection of copper, zinc and lead sulphides in two of the first four RC holes drilled in this area was previously announced in Aeon ASX release dated 13 June 2019, Mineralised PY3 Defined In Drilling West of Amy. Assay results for all of these four holes have now been received and are detailed in Appendix 1. Two step-out RC holes have also now been completed approximately 500m further west of the initial four holes, in order to test for the continuation of mineralisation along strike. These two holes, WFDH463 and Aeon Metals Limited ABN 91 121 964 725 Level 7, 88 Pitt Street, Sydney, NSW 2000, Australia P.O. Box 8155, Gold Coast MC. Qld 9726, Australia P: +61 2 9232 2298 W: aeonmetals.com.au E: [email protected] ASX Code - AML Shares on Issue: 673m Share Price: $0.20 Market Capitalisation: $134m Cash (31 March 2019): $2.6m All mineral resources projects located in Queensland: WFDH464, intercepted the PY3 unit at approximately 20m below surface. The chip samples from these two holes show similar sulphide minerals to the initial four holes. The intercepts in these two holes extend the mineralised PY3 at Walford Creek by a further 500m to over 12.5km. Assay results from these holes are expected to be received in early August. A systematic approach of stepping out in 200m intervals west along strike has been incorporated into the drilling plan. Aeon is optimistic on the potential for the mineralised PY3 to continue westwards. | |
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