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AusQuest Ltd.
Summary
| Project: | Balladonia | |
|---|---|---|
| Deposit: | Telegraph | |
| Location: | Australia | |
| Commodities: | Copper-Lead-Zinc-Silver | |
| Date: | 1/7/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-1-2020: AusQuest Ltd. announces an Exploration/Drilling Update report for its Telegraph deposit at the Balladonia project. Drilling results from the Telegraph prospect. AusQuest Limited (ASX: AQD) is pleased to advise that assays from recent Reverse Cir | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Graeme Drew (Internal) | |
| ABSTRACT: | AusQuest Limited (ASX: AQD) is pleased to advise that assays from recent Reverse Circulation (RC) drilling at the Telegraph Base Metal Prospect, part of its Balladonia Project in the Fraser Range area of Western Australia, have confirmed the potential of the base metal target to be tested by planned diamond drilling in the early part of 2020. Highly anomalous base metal values (Cu, Pb, Zn and Ag) were recorded within several RC drill holes completed prior to Christmas. The anomalous metal values occur within intense clay/silica/pyrite alteration that is located above the main target zone. Highly anomalous values of copper (from 200ppm to 4000ppm Cu), lead (from 100ppm to 900ppm), zinc (from 200ppm to 2900ppm Zn) and silver (from 0.5g/t to 8.0g/t Ag) were intersected over thicknesses of up to 92 metres in drill-hole BDRC008 and 76 metres in drillhole BDRC06 (Figures 1 and 2). The base metal target was previously identified by shallow air-core drilling (ASX release August 20 2019). The Balladonia Project is subject to the Company’s Strategic Alliance Agreement (SAA) with South32. | |
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