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Marmota Energy Ltd.
Summary
| Project: | West Melton | |
|---|---|---|
| Deposit: | Champion | |
| Location: | Australia | |
| Commodities: | Copper | |
| Date: | 6/16/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-6-2016: Marmota Energy Ltd. announces a Resource Estimation report for its Champion deposit at the West Melton project. First Exploration Target Estimates at Champion prospect. Dr Kevin Wills, Marmota’s Chief Consulting Geologist, has undertaken the fi | |
| Resources: | Exploration Target: 1 - 4Mt @ 1.0% - 1.5% Cu at Champion | |
| CP/QP: | [Overall Report]: Dr. Kevin Wills (Internal) | |
| ABSTRACT: | Dr Kevin Wills, Marmota’s Chief Consulting Geologist, has undertaken the first comprehensive assessment of the March 2014 drilling program at the Champion prospect on Marmota’s 100% owned West Melton tenement (EL 4648). That drilling program made a number of significant intersections of secondary copper mineralisation [ see ASX Release: 7 May 2014 ] which have enabled the first estimation of an Exploration Target reported in accordance with the JORC Code (2012) and estimated by a Competent Person as defined in the JORC Code (2012), namely Dr Wills. The overall Exploration Target derived is: from 1 to 4 million tonnes at a grade between 1.0% and 1.5% copper. This target is partly conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource and it is uncertain that further exploration will result in the estimation of a Mineral Resource. | |
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