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Coziron Resources Ltd.
Summary
| Project: | Buddadoo | |
|---|---|---|
| Deposit: | Buddadoo | |
| Location: | Australia | |
| Commodities: | Vanadium-Titanium-Iron | |
| Date: | 5/15/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-5-2018: Coziron Resources Ltd. announces an Exploration/Drilling Update report for its Buddadoo deposit at the Buddadoo project. Drilling results incl. 88m @ 0.154% V2O5%, 1.42% TiO2 from 3m. The Board of Coziron Resources Limited (“CZR” or “Company”) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Rob Ramsay (Internal) | |
| ABSTRACT: | The Board of Coziron Resources Limited (“CZR” or “Company”) is pleased to advise that the Company has received all first-round assays from the 18 RC holes into the 6.5 km long by 400 m wide second-order magnetic target (Budd_Gabbro_06) on the Buddadoo Project in the mid-west of Western Australia (Figure 4 and 5). This completes all the first round analyses from the RC programme that commenced on March 11th and completed on 2nd of April (see announcements to ASX on 31st January 2018, 28th February 2018, 21st March 2018, 18th April 2018 and 3rd of May 2018). The drilling tested the first-order magnetic target that was known to host massive and disseminated vanadiferous titanomagnetite (Budd_gabbro_04) and a second-order, magnetic zone (Budd_gabbro_06) that has no evidence of historical activity. The magnetically active area outlined as Budd_Gabbro_06 emerged as a target for drilling following the detection of copper and nickel-in-soil anomalism and that it appeared to host the Samantha Gossan where historical drilling reported an interval of massive sulphide at depth (CZR:ASX 17th Oct 2017). The exploration model proposed that evidence for sulphur saturation in mafic magmatic rocks offers potential for the discovery of base and precious-metal (copper, nickel and PGE-rich) massive sulphide mineralisation. More recently, infill soil sampling detected a coherent vanadium anomaly with a peak V2O5 at 0.26% that also required follow-up (CZR:ASX 18th April 2018). The RC drilling acquired sufficient samples to log the geology and undertake multi-element geochemical analysis. This announcement summarises the geochemical results from the one-metre interval samples. | |
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