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Anglo Australian Resources NL

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Summary

Project:

Mandilla

Deposit:Mandilla
Location:Australia
Commodities:Gold
Date:12/12/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:12-12-2019: Anglo Australian Resources NL announces an Exploration/Drilling Update report for its Mandilla deposit at the Mandilla project. Drilling results incl. 37m @ 1.64g/t Au from 104m. Anglo Australian Resources NL (ASX: AAR) (Anglo Australian or th
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: David Otterman (DW Otterman Exploration Consultant)
ABSTRACT:Anglo Australian Resources NL (ASX: AAR) (Anglo Australian or the Company) is pleased to provide an update on exploration activities at the 100% owned Mandilla Gold Project, located approximately 60 kilometres south of Kalgoorlie, Western Australia. The Mandilla Gold Project lies on the western margin of a porphyritic granitic intrusion known as the Mandilla Syenite. Recent petrology confirmed the intrusion as having a syenite-monzonite composition. The syenite intrudes volcanoclastic sedimentary rocks in the Project area which form part of the Spargoville Group. A map of the Mandilla Gold Project, illustrating key locations and geological features, is set out as Figure 1. Over the period 2006 to 2007, Anglo Australian mined approximately 23,000 ounces of gold at a recovered grade of approximately 7.5 g/t Au from two shallow (less than 20 metres deep) open pits at Mandilla West targeting paleochannel gold deposits (alluvial gold in ancient streams), the gold likely sourced from in-situ mineralised quartz vein deposits located nearby. At Mandilla East, Anglo Australian has previously identified a bedrock Inferred Resource, based on a low tonnage, high grade interpretation, of 357,000 tonnes at 3.3 g/t Au for approximately 38,000 contained ounces (ASX: 13/06/13). It is noted that much of the previous RC drilling upon which this Resource is based only penetrated from typically 20 to 60 metres into fresh rock and did not adequately define the depth extent of mineralisation at this location.

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