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Enterprise Metals Ltd.
Summary
| Project: | Doolgunna | |
|---|---|---|
| Deposit: | Vulcan | |
| Location: | Australia | |
| Commodities: | Copper-Gold-Zinc-Lead | |
| Date: | 10/23/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-10-2017: Enterprise Metals Ltd. announces an Exploration/Drilling Update report for its Vulcan deposit at the Doolgunna project. JV with Sandfire - Drilling results incl. 5m @ 42ppm Cu, 1.77ppm Au, 17ppm Zn, 11ppm Pb from 75m. Enterprise Metals Limite | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dermot Ryan (Xserv Pty Ltd.) | |
| ABSTRACT: | Enterprise Metals Limited (ASX: ENT, “Enterprise” or “the Company”) is pleased to announce that Sandfire Resources NL, its exploration farm-in joint venture partner at Doolgunna in Western Australia, has continued its aggressive exploration activity across multiple prospects within the joint venture tenements. To date, Sandfire has completed a total of 1,481 drill holes for a combined 125,672m including; • Air-core drilling – 1,465 holes for 119,556m • Reverse circulation drilling – 10 holes for 3,745m • Diamond drilling – 6 holes for 2,743m Sandfire has also completed downhole electromagnetic (DHEM) surveys, commenced an airborne electromagnetic survey, and plans to commence ground geophysical surveys (MLEM) over the Doolgunna Project Since commencement of the farm in joint venture, Sandfire has completed 1,465 air core drill holes for a total 119,556m across the Vulcan, White Well, Ruby Well and Mount Leake Prospects (Figures 2 and 3). The drilling has provided significantly improved stratigraphic control, with a focus on tracing the intersections of magnetite and hematite-rich exhalative sediment horizons with disseminated pyrite that have been encountered particularly within the Vulcan area. At White Well, anomalous gold values (1.53 ppm Au) and copper values (4,000 ppm Cu) have been reported. Drilling at the Vulcan prospect reported copper values up to 1,460 ppm Cu. Significant results are included in Table 1 below. | |
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