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DevEx Resources Ltd.
Summary
| Project: | Bogong | |
|---|---|---|
| Deposit: | Bogong | |
| Location: | Australia | |
| Commodities: | Copper | |
| Date: | 5/22/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-5-2018: DevEx Resources Ltd. announces an Exploration/Drilling Update report for its Bogong deposit at the Bogong project. Historic drilling results incl. 54.9m @ 1.06% Cu from 6.1m. DevEx Resources (ASX: DEV) is pleased to advise that it has enhanced | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bernard Aylward (Internal) | |
| ABSTRACT: | DevEx Resources (ASX: DEV) is pleased to advise that it has enhanced the exploration potential of its Bogong Copper-Gold Project , New South Wales, after identifying significant shallow copper mineralisation during a technical review of historical drilling data. The Company was recently granted the Exploration Licence (EL8717) for the project covering an area of 53 km2 , located close to modern infrastructure and only ~18km from the township of Tumut. The project lies within the Lachlan Fold Belt, a major geological province which also hosts the world-class copper deposits Cadia-Ridgeway (owned by Newcrest Mining) and Northparkes (owned by China Molybdenum Co Ltd). The geology comprises typical volcanic rocks, sediments and intrusions of the Lachlan Fold Belt. Of most interest to the Company is the potential for a significant copper-gold system between the historical Bogong and Goobarrandra Mines (see Figure 1). Historical percussion drilling by Copper mineralisation noted in the drilling includes disseminated bornite and chalcopyrite hosted within rocks logged as felsic in composition and thought to be rhyodacites, although it remains unclear in the records whether the mineralised host rock is part of a felsic volcanic or porphyry sequence. No modern geophysics has been carried out at the project. | |
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