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Marmota Energy Ltd.
Summary
| Project: | West Melton | |
|---|---|---|
| Deposit: | West Melton | |
| Location: | Australia | |
| Commodities: | Copper | |
| Date: | 7/22/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-7-2016: Marmota Energy Ltd. announces an Exploration/Drilling Update report for its West Melton deposit at the West Melton project. Drilling results incl. 4m @ 988ppm Cu from 8m. Assay results from the West Melton drilling program have been received. N | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dr. Kevin Wills (Not stated) | |
| ABSTRACT: | Assay results from the West Melton drilling program have been received. No potentially economic mineralisation was intersected. No copper mineralisation was intersected at Targets 2-4. Weak copper mineralisation was intersected at Target 1 confirming the effectiveness of copper-in-calcrete anomalies analogous to the Champion Prospect [see Fig. 3]. [The Champion prospect was discovered via testing copper-incalcrete anomalies.] Of particular note in Target 4 and Target 1 was the following: Target 4: There was slightly elevated copper (up to 270 ppm) in hole WMAC045 and WMAC047 recorded where an inferred fault was intersected. No other holes in Target 4 intersected elevated copper values. Anomalous arsenic correlated with elevated copper results and to a lesser degree with silver. Target 1 was a geochemical copper-in-calcrete target. The drilling of Target 1 confirmed the surface calcrete geochemical anomaly overlies weak coincident copper supergene anomalism which was intersected in the drill holes. Although sub-economic, this result gives confidence to the surficial calcrete geochemical signatures and their ability to find mineralisation at depth in this region analogous to the Champion Prospect. The supergene anomalism is coincident with moderately weathered, weakly oxidised metasediments. Weak underlying primary copper mineralisation in fresher schist is also seen at the end of hole in WMAC034. Silver and arsenic levels were marginally anomalous in holes with supergene copper mineralisation. | |
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