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Elysium Resources Ltd.
Summary
| Project: | Burraga | |
|---|---|---|
| Deposit: | Llyods | |
| Location: | Australia | |
| Commodities: | Copper-Zinc-Silver | |
| Date: | 8/7/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 7-8-2017: Elysium Resources Ltd. announces an Exploration/Drilling Update report for its Llyods deposit at the Burraga project. Drilling results incl. 9m @ 2.3% Cu, 0.1% Zn, 12.4g/t Ag from 197m. Elysium Resources Limited (ASX: EYM) (“Elysium” or “the Com | |
| Resources: | (Resource, Total): 1.68Mt @ 0.9% Cu, 0.1g/t Au, 7g/t Ag, 0.2% Zn at Burraga | |
| CP/QP: | [Overall Report]: Kerrin Allwood (Geomodeling Ltd.) | |
| ABSTRACT: | Elysium Resources Limited (ASX: EYM) (“Elysium” or “the Company”) is pleased to announce results from phase 1 drilling at Lloyds Copper Mine, part of its flagship Burraga Project (“Project”) near Bathurst in NSW. Elysium completed five reverse circulation (RC) drill holes for 1176m in July, aiming to extend known mineralisation at Lloyds, which was periodically mined for copper from the 1800s to the 1960s. Holes in Elysium’s program were drilled further east than all previous EYM and historical drilling, successfully locating an eastern extension of the copper mineralisation. Copper mineralisation has been shown to extend at least a further 180m along strike from the existing Lloyds Copper Mine resource (1.31Mt at 0.8% Cu, refer ASX announcement 23 June 2015 and http://www.elysiumresources.com.au/images/pdfs/Lloyds-resource-final-report-20150612.pdf). The existing Lloyds Resource extends over a strike length of 200m. The Burraga Project consists of three contiguous exploration licences (ELs) (EL6463, EL7975 and EL6874) surrounding the highly prospective Burraga Granite (Figure 1). The Burraga region is in the heart of the world-class Lachlan Fold Belt, which is famed for its base and precious metal deposits such as Cadia-Ridgeway. Elysium Resources (ASX: EYM) is a publicly listed, junior mineral resources company focused on the exploration and development of key demand-driven commodities. The Company’s current core focus is the Burraga Copper-Gold Project, located in the world class minerals province of the East Lachlan Fold Belt in central western New South Wales. The Burraga Project consists of three contiguous exploration licences (EL6463, EL6874 and EL7975) and one exploration licence application (ELA5454) covering a total area of approximately 221km2. Elysium is engaged in active and ongoing exploration programs at Burraga, with the aim of discovering valuable mineral resource and delivering shareholder value. The Company also seeks to pursue other value accretive project opportunities. | |
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