For thousands of other reports visit RSC's Mineral Intellingence Map
Altona Mining Ltd.
Summary
| Project: | Cloncurry | |
|---|---|---|
| Deposit: | Companion, Veiled, Quamby | |
| Location: | Australia | |
| Commodities: | Copper-Gold | |
| Date: | 2/8/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-2-2018: Altona Mining Ltd. announces an Exploration/Drilling Update report for its Companion, Veiled, Quamby deposit at the Cloncurry project. Drilling results incl. 32m @ 1.48% Cu, 0.98g/t Au from 0m. Altona Mining Limited (“Altona” or “the Company”) t | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Dr Cowden, Mr Bartsch, Mr Ross (Internal) | |
| ABSTRACT: | Altona Mining Limited (“Altona” or “the Company”) today announced the results of a 30 hole RC drilling programme undertaken at the Cloncurry Copper Project (“Cloncurry”) in late 2017. The programme was designed to test new copper-gold in soil anomalies at the Companion, Veiled and Quamby prospects. The prospects add to an emerging cluster of copper-gold discoveries south of the proposed Little Eva mine development at Cloncurry. The cluster also includes the Hobby and Reaper prospects (see ASX release dated 29 November 2016). The drilling is shallow and reconnaissance in nature and intersected both oxide and sulphide mineralisation. Of note were the higher gold grades compared to the deposits included in the mine plan for the Little Eva development. High silver values at Quamby and high cobalt values at Veiled were also recorded. The rocks intersected (Figures 1 to 3) and element association are typical of IOCG (Iron Oxide Copper Gold) deposits. The tenor of mineralisation is excellent with the highest individual assays at Companion of 11.2%, 9.3% and 8.7% copper equivalent; at Veiled 3.0%, 2.4% and 2.3% copper equivalent; and at Quamby 27.1g/t and 20g/t gold. At Companion the mineralised system has potential to be large with soil anomalism defined over an area of 0.6 by 3 kilometres, drilling is widely spaced over only 1.2 kilometres of strike. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report