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Alderan Resources Ltd.
Summary
| Project: | Frisco | |
|---|---|---|
| Deposit: | Accrington | |
| Location: | United States | |
| Commodities: | Copper-Gold-Silver-Molybdenum | |
| Date: | 9/24/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-9-2018: Alderan Resources Ltd. announces an Exploration/Drilling Update report for its Accrington deposit at the Frisco project. Drilling results incl. 102m @ 0.58% Cu, 0.60% Zn, 9g/t Ag from 194m. Alderan Resources Limited (ASX: AL8) is pleased to pro | |
| Resources: | x | |
| CP/QP: | [Overall Report]: John Schloderer (Internal) | |
| ABSTRACT: | Alderan Resources Limited (ASX: AL8) is pleased to provide an update on exploration at Accrington, part of the Company’s Frisco Project located in Utah, USA. Assay results from initial drilling of the Accrington skarn have been received and confirmed a significant interval of copperzinc mineralisation from drill hole FR18-004 with further copper mineralisation across 86m confirmed in surface channel sampling along the new Upper Accrington Road. Commenting on the results, CEO, Christopher Wanless said: “We know from historical mining that Accrington can host high grade mineralisation. The drill results are important in that they demonstrate potential to define a large deposit, amenable to modern low-cost bulk mining across the large Accrington skarn. It is still very early days, however the scale of the Accrington mineral system presents an exciting opportunity for the Company. We have only just started to uncover the potential across the Accrington skarn which measures up to 4km by 2km in areal extent. Other skarn systems in the USA at Battle Mountain (Phoenix Mine) and Car Fork/Bingham also demonstrate that significant and high grade deposits can sit outside the skarn. For example, we know that at the Horn Mine, situated to the East of Accrington, high grade lead-zinc-silver sulphide bodies occurred as replacements within limestone and within a major fault zone. It is also important to remember that Accrington is located in a region with exceptional infrastructure, low cost power, a skilled workforce, an extremely competitive taxation system, proximal smelters and end users. This could result in a significantly lower economic cut-off grade compared to deposits in many other jurisdictions as demonstrated by other large mines and developments in the United States such as Pumpkin Hollow (571mt @ 0.44% Cu1 ) and the Phoenix Mine (309 mt @ 0.89 g/t Au, 0.15% Cu2 ), both skarn hosted deposits” | |
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