For thousands of other reports visit RSC's Mineral Intellingence Map
Encounter Resources Ltd.
Summary
| Project: | Yeneena | |
|---|---|---|
| Deposit: | BM7, BM1 | |
| Location: | Australia | |
| Commodities: | Copper-Cobalt | |
| Date: | 3/2/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-3-2017: Encounter Resources Ltd. announces an Exploration/Drilling Update report for its BM7, BM1 deposit at the Yeneena project. Reviewed historical results incl. 9m @ 1.0% Co, 1.5% Cu from 42m. The directors of Encounter Resources Ltd (“Encounter”) ar | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Bewick (Internal) | |
| ABSTRACT: | The directors of Encounter Resources Ltd (“Encounter”) are pleased to announce that, in light of the improving price outlook for cobalt, Encounter is evaluating the near-term cobalt potential of the copper-cobalt prospects at Yeneena, Western Australia. Encounter controls 70 strike kilometres of Yeneena basin that is prospective for Proterozoic copper-cobalt deposits similar to the deposits of the Central African Copperbelt. Results of the review of previous drilling and geochemical programs has highlighted the 14km long copper-cobalt system at BM1-BM7 and the Lookout Rocks area as priority cobalt opportunities. The Central African Copperbelt is the world’s largest source of cobalt. These Proterozoic aged, sediment hosted deposits are of a similar age and geological setting to the Yeneena basin. The recent significant improvement in the outlook for the copper and cobalt prices has reaffirmed the Proterozoic Yeneena basin as a potential source of high value copper-cobalt discoveries. Encounter’s previous exploration programs at Yeneena focused on the delineation of large tonnage copper sulphide deposits. The previous broad spaced drilling in the BM7 area was design to test for thick, gentle easterly dipping zones of copper mineralisation that would parallel stratigraphy. However, the recent review of this drilling has identified a potential steep westerly dip to the high grade copper-cobalt shoots. A follow up drill program is planned in May 2017. This program will initially focus on testing the down dip position of the interpreted high grade, shallow copper-cobalt shoots at BM7 and below the Lookout Rocks copper-cobalt gossan. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report