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Alara Resources Ltd.
Summary
| Project: | Al Hadeetha | |
|---|---|---|
| Deposit: | Washihi | |
| Location: | Oman | |
| Commodities: | Copper-Gold | |
| Date: | 6/8/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-6-2016: Alara Resources Ltd. announces an Exploration/Drilling Update report for its Washihi deposit at the Al Hadeetha project. Drilling results, incl. 5m @ 3.29% Cu, 5.04g/t Au, 0.22% Zn and 21.72g/t Ag. Alara Resources Limited (ASX: AUQ) (Alara or Co | |
| Resources: | Resources: 6.84Mt @ 0.9% Cu & 0.17g/t Au (Ind); 7.27Mt @ 0.71% Cu & 0.2g/t Au (Inf) | |
| CP/QP: | [Overall Report]: Atmavireshwar Sthapak (Internal) | |
| ABSTRACT: | Alara Resources Limited (ASX: AUQ) (Alara or Company) is pleased to announce results of the first three drill holes from the infill drilling program at the Washihi copper-gold deposit in Oman. The results identify new high grade copper and gold mineralisation as potential resource outside the current Washihi Resource Model. The recent feasibility study considered a 14MT JORC Resource1 contained within the Washihi licence area. This resource provides the cornerstone for development of the Al Hadeetha Project. In addition to this 14MT resource, additional high grade copper and gold mineralization has now been confirmed near surface at Washihi and is being considered for incorporation into the resource model. These results follow analyses of 150 samples (excluding QC samples) received from RC drill holes WH16RD012 (complete), WH16RD013 (partial) and WH16RD014 (partial). These drill holes targeted central parts of the inferred resource classification at Washihi and have now confirmed the expected continuity of copper mineralisation, plus a new massive sulphide intersection achieved in Hole WH16RD012 between 20m and 25m depths. This was foreshadowed in a previous announcement2 and sits outside the current resource model. This hole also intersected leached zone with significant gold and silver values. | |
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