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Alderan Resources Ltd.
Summary
| Project: | Frisco | |
|---|---|---|
| Deposit: | Cactus Mine | |
| Location: | United States | |
| Commodities: | Copper-Gold-Silver-Molybdenum | |
| Date: | 3/5/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-3-2018: Alderan Resources Ltd. announces an Exploration/Drilling Update report for its Cactus Mine deposit at the Frisco project. Drilling results incl. 49m @ 0.62% Cu, 0.14g/t Au, 5.9g/t Ag from 45m. Drilling intersects copper-molybdenum mineralisation | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Geerdts (Internal) | |
| ABSTRACT: | Drilling intersects copper-molybdenum mineralisation and further breccia-hosted copper Alderan Resources Limited (ASX: AL8) is pleased to announce drilling has intersected further wide intervals of copper at the Cactus Mine, part of the Company’s Frisco Project in Utah, USA. Results from Alderan’s continuing diamond drilling program also discovered a zone of copper and molybdenum-bearing quartz-magnetite veins from approximately 171m to 196m in ALCA009. These are interpreted to be early veins emplaced into wall rocks above or adjacent to a mineralised porphyry intrusive (Figure 1). Identification of these veins underneath the Cactus Mine substantiates Alderan’s belief that a nearby porphyry intrusive caused the mineralisation at Cactus. This intrusive is possibly represented by the Wasp and Bandit prospects which may be distinct from the Perseverance porphyry target (see Figure 3 and ASX announcement dated 19 January 2018). Alderan has received permits for drilling at the Bandit and Wasp prospects with drilling expected to begin this week following minor roadworks and drill pad preparation. The Bandit Prospect is a shallow, flat-lying geophysical target located northwest of the Cactus Mine above a strongly magnetic, pipe-shaped anomaly possibly relating to an intrusive at depth. The Bandit prospect may represent a large body of sulphides at shallow depths, related to and within an underlying intruisve body. Alderan will drill 3-5 holes to approximately 200-350m depth to test the Bandit Prospect before moving to the Wasp Prospect. | |
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