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Andromeda Metals Ltd.
Summary
| Project: | Mount Hope | |
|---|---|---|
| Deposit: | Mount Hope | |
| Location: | Australia | |
| Commodities: | Kaolinite | |
| Date: | 7/16/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Scoping Study | |
| Report details: | 16-7-2020: Andromeda Metals Ltd. announces an Exploration/Drilling Update report for its Mount Hope deposit at the Mount Hope project. Drilling results incl. 20m @ 89% Kaolinite, 1% Halloysite from 7m. Andromeda Metals Limited (ASX: ADN, Andromeda, the Co | |
| Resources: | x | |
| CP/QP: | [Overall Report] James Marsh (Internal) | |
| ABSTRACT: | Andromeda Metals Limited (ASX: ADN, Andromeda, the Company) is pleased to announce the results from the April 2020 aircore drilling undertaken at the Company’s 100% owned Mount Hope Kaolin Project (EL 6286) which is located approximately 80 kilometres northwest of Port Lincoln and 160 kilometres southeast of the Carey’s Well Halloysite-Kaolin deposit in South Australia. A total of 40 aircore holes for 1,383 metres were drilled across the historic 12.26Mt Mt Hope kaolin resource, estimated by Abaleen Minerals in 1973 (refer ADN ASX announcement dated 24 October 2018 titled “Exploration Licence Application for Mount Hope Halloysite Kaolin”). The 1973 mineral resource estimate does not meet the JORC 2012 Code requirements and investors are cautioned that the Company has not yet completed the work to verify the historical resource estimate. Mineralisation encountered is at an average depth of 10 metres and has an average thickness of just under 15 metres. Significant intersections of greater than 20 metres in thickness of white kaolinised gneiss were intercepted to the south of Abaleen Minerals’ 1973 resource. | |
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