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Enterprise Metals Ltd.
Summary
| Project: | Doolgunna | |
|---|---|---|
| Deposit: | Vulcan | |
| Location: | Australia | |
| Commodities: | Arsenic-Bismuth-Copper-Manganese-Molybdenum-Phosphorus-Sulphur-Selenium-Tellurium | |
| Date: | 8/1/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-8-2016: Enterprise Metals Ltd. announces an Exploration/Drilling Update report for its Vulcan deposit at the Doolgunna project. 1m assay results received incl. 1m @ 0.5% Cu, 8.4ppm Mo, 2.7ppm Te from 254m. Enterprise Metals Limited (“Enterprise” or “the | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dermot Ryan (Xserv Pty Ltd.) | |
| ABSTRACT: | Enterprise Metals Limited (“Enterprise” or “the Company”) (ASX: ENT) advises that assay results have now been received for 1 metre samples from reverse circulation (RC) drill hole VWRC001, drilled in late 2015 to test the Vulcan West Moving Loop Electromagnetic (MLEM) target at Doolgunna in Western Australia. The 4 metre composite assays were reported to the ASX on 29 January 2016, but the 1 metre samples were not all retrieved from the field and submitted to the laboratory for several months. The assay results for 1 metre samples between 176 and 292 metres have now been received. The assays from the 1 metre samples show a 5 metre zone from 251 to 256 metres averaging 0.17% Cu, 2.2ppm Mo and 0.87ppm Te, with a maximum 1 metre result, from 254 to 255 metres, of 0.5% Cu, 8.4ppm Mo and 2.7ppm Te. The Vulcan West EM target is a discrete basement conductor, interpreted to lie within the volcanosedimentary Noonyereena Member of the Karalundi Formation, in a similar stratigraphic position to Sandfire Resources NL's DeGrussa and Monty massive sulphide copper deposits. RC drill hole VWRC001 was collared at 725047E, 7159404N with a -60 dip on azimuth 150 degrees magnetic. The hole penetrated a deep zone of oxidation to 81m downhole, then encountered medium grained dolerite, with weak-medium pervasive chlorite-epidote alteration, along with weak-moderate silicification. | |
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