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Andromeda Metals Ltd.
Summary
| Project: | Eyre Peninsula - Wudinna Camp | |
|---|---|---|
| Deposit: | Baggy Green, White Tank | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/23/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Scoping Study | |
| Report details: | 23-1-2017: Andromeda Metals Ltd. announces a Resource Estimation report for its Baggy Green, White Tank deposit at the Eyre Peninsula - Wudinna Camp project. Initial resource estimate for Baggy Green and White Tank deposits at project. Resource estimates | |
| Resources: | (Resource, Inf): 1.563Mt @ 1.64g/t Au at Baggy Green, 0.176Mt @ 1.92g/t Au at White Tank | |
| CP/QP: | [Resources]: David Coventry (Mining Plus Consulting Pty Ltd.) | |
| ABSTRACT: | Resource estimates for the Baggy Green and White Tank deposits, located in the 100% owned Wudinna Gold Camp, have been completed with the assistance of consultant Mining Plus Pty Ltd. Andromeda Metals’ Eyre Peninsula gold project comprises a 2,807 km2 land holding in the Gawler Craton (Figure 1). The Company’s priority on the Eyre Peninsula is advancing the wholly owned Wudinna Gold Camp(1), a cluster of gold prospects including the Barns, Baggy Green and White Tank deposits, into production. A maiden Mineral Resource Estimate for Barns was released in July 2016, with the estimate totalling 2.11 million tonnes at 1.6g/t gold for 107,000 ounces using a 0.5g/t gold cut-off grade(2). The Baggy Green prospect was assessed as showing good potential to increase mineral resources in the Wudinna Gold Camp, leading to a 23 hole RC drilling programme in the second half of 2016. One of the goals of the Baggy Green programme was the definition of shallow ounces so drilling targeted mineralisation commencing within 100 metres of the surface. Additionally, drill hole spacings were designed to be close enough for use in mineral resource estimation Results from the programme included the two best intersections recorded to date from Baggy Green with adjacent 50 metre spaced holes recording 16 metres at 5.72g/t gold and 11 metres at 9.32g/t gold respectively. The drilling confirms the presence of a gently dipping, coherent zone of gold mineralisation which persists for 500 metres along strike, and remains open to the north, south, and at depth. Mineral Resource estimates for Baggy Green, and for the White Tank deposit which was drilled in the past, have been completed with the assistance of Mining Plus Pty Ltd and are detailed herein. | |
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