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Astro Resources NL
Summary
| Project: | Needles | |
|---|---|---|
| Deposit: | Needles | |
| Location: | United States | |
| Commodities: | Gold-Silver-Arsenic-Bismuth-Copper-Lead-Antimony-Zinc | |
| Date: | 12/19/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-12-2019: Astro Resources NL announces an Exploration/Drilling Update report for its Needles deposit at the Needles project. Drilling results from the Needles gold/silver property. Astro Resources NL (ASX “ARO” or the Company) is pleased to provide the | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Charles Straw (Centric Minerals Management Pty Ltd.) | |
| ABSTRACT: | Astro Resources NL (ASX “ARO” or the Company) is pleased to provide the following in relation to the drilling work undertaken on the Needles Project, in Nevada , USA. First discovered in 1919, the Needles property consists of a contiguous land block of 104 unpatented mining lode claims that are located in Arrowhead Mining District, Nye County, Nevada. Originally called the Arrowhead and Arrowhead Extension Mines it produced silver-antimony-gold ore from 1920 to 1939. This early development included sinking the inclined Arrowhead shaft to a depth of 350 feet with drifting on four levels and a second 150 foot two compartment shaft with two working levels. The principal deposit style targeted in the Needles area is an epithermal gold, silver and base metals mineralization related to calderas. Epithermal gold-silver deposits are the largest producing deposits in northern Nye County since discovery of silver-rich veins in the Tonopah district in the early 1900’s. The Needles geological setting is analogous to the Round Mountain mine, a large gold-silver mine located approximately 65 miles NW of the property. The Round Mountain Mine is a classic epithermal deposit with a large tonnage low grade gold-silver halo zone that has produced more than 15,000,000 oz of gold and 11,000,000 oz of silver since 1907. The mine is operated by Kinross Gold Corporation. The Needles property is fairly typical of other well-known gold occurrences in the Walker’s Lane area of Nevada as well as the Midas Mining District. | |
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