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Anglo Australian Resources NL
Summary
| Project: | Koongie Park | |
|---|---|---|
| Deposit: | Nicolson’s Eastm Bulldog | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/24/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-7-2019: Anglo Australian Resources NL announces an Exploration/Drilling Update report for its Nicolson’s Eastm Bulldog deposit at the Koongie Park project. Drilling results incl. 1m @ 11.268g/t Au from 22m. Anglo Australian Resources NL (ASX: AAR) (“An | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: David Otterman (Independent) | |
| ABSTRACT: | Anglo Australian Resources NL (ASX: AAR) (“Anglo Australian” or the “Company”) is pleased to advise of drilling results at the Company’s wholly-owned Koongie Park Gold Project, located approximately 20 kilometres to the south west of Halls Creek in the Eastern Kimberley region of Western Australia. Anglo Australian’s tenements are adjacent to the Nicolsons Gold Project owned by the ASX-listed Pantoro Limited (current market capitalisation of approximately $190 million), which is currently producing gold at a rate of approximately 50,000 ounces per annum from the Nicolsons Shear Zone. Anglo Australian’s ground position encompasses approximately 15 kilometres of the Nicolsons Shear Zone to the north of ground held by Pantoro, as well as 15 kilometres of the Nicolsons Shear Zone to the south, all of which is yet to be drill tested. The Company also holds approximately 40 kilometres of strike along the Nicolsons East Shear Zone, the eastern shaded domain in Figure 2, and located approximately 8 kilometres to the east of and sub-parallel to the Nicolsons Shear Zone. Historically, the general area has seen several exploration programs since the 1970s, including prospecting, soil sampling, geological mapping, drill core logging, and interpretation of airborne geophysics. However, the general historic focus has been on base metal exploration, with limited focus on gold. The recently completed drilling campaign, undertaken on the Nicolsons East Shear Zone, a feature which has not been the subject of any modern drilling, encompassed the drilling of 15 reverse circulation (“RC”) holes for an aggregate 822 metres (or an average of approximately 55 metres per hole). | |
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