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AusQuest Ltd.
Summary
| Project: | Balladonia | |
|---|---|---|
| Deposit: | Telegraph | |
| Location: | Australia | |
| Commodities: | Copper-Lead-Zinc-Silver | |
| Date: | 8/20/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-8-2019: AusQuest Ltd. announces an Exploration/Drilling Update report for its Telegraph deposit at the Balladonia project. AC drilling results from the Telegraph prospect. AusQuest Limited (ASX: AQD) is pleased to advise that it has identified a base m | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Graeme Drew (Internal) | |
| ABSTRACT: | AusQuest Limited (ASX: AQD) is pleased to advise that it has identified a base metal drill target measuring ~500m by 300m in size from recent air-core drilling at the Telegraph Prospect at its Balladonia Project in the Fraser Range area of Western Australia. This project is subject to the Strategic Alliance Agreement (SAA) with South32. The air-core program, comprising 39 holes for 1,097m returned highly anomalous copper (300 to 5,500ppm Cu), silver (1 to 51g/t Ag), lead (150 to 1,800ppm Pb) and zinc (400 to 2,900ppm Zn) values within the saprolite (alteration) zone (Figure 1). Coupled with variably anomalous pathfinder elements (Sn, As, Se, Mo, Tl and Bi) and anomalous light rare earths (Ce, La) the results suggest the potential for a base metal source (possibly volcanogenic massive sulphides or VMS) beneath the current level of drilling. | |
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