For thousands of other reports visit RSC's Mineral Intellingence Map
Metalicity Ltd.
Summary
| Project: | Fraser Range North | |
|---|---|---|
| Deposit: | Fraser Range North | |
| Location: | Australia | |
| Commodities: | Gold-Silver | |
| Date: | 5/3/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-5-2019: Metalicity Ltd. announces an Exploration/Drilling Update report for its Fraser Range North deposit at the Fraser Range North project. Reassayed historic core results incl. 1.0m @ 33ppbAu, 0.07ppm Ag from 215m. Prior to these results, the Company | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jason Livingstone (Internal) | |
| ABSTRACT: | Prior to these results, the Company had reviewed diamond core from historic exploration, N3-1 and N1-1, which were drilled by Kennecott Explorations (Australia) Ltd within the project areas during the 1980’s and noted traces of chalcopyrite, and a rock unit (layered mafic intrusives) prospective for Fraser Range-style nickel-copper sulphides (See ASX Announcement: 28/2/19). The Company immediately sought to further inspect the drill cores, with samples for polished thin sections taken from both N3-1 and N1-1 drill holes to understand the mineralogy of specific fractions within the layered mafic. Then, the core was cut and quarter-sampled at selected lengths. A total of 39 samples (four from N1-1 on E69/3676 and 35 from N3-1 on E69/3677) were submitted Intertek Genalysis. Please see Appendix 1 and 2 for full details on the sample lengths and results. Polished thin sections were taken from both N3-1 and N1-1 drill holes to understand the mineralogy of specific fractions within the layered mafic units, coupled with qualifying the sulphide mineralogy present. The results were interrogated considering historical petrographic work conducted by Kennecott Explorations (Australia) Ltd. confirms the presence of Chalcopyrite, specifically concentrating in the basal sections of what is interpreted to be the base of the layered mafic units. Furthermore, a total of 39 samples (4 from N1-1 on E69/3676 and 35 from N3-1 on E69/3677) were taken and submitted to Intertek Genalysis for “Nickel Sulphide Collection Fire Assay” and the “Comprehensive lithogeochemical characterisation package” to determine a 73 element/compound suite. The lithogeochemical investigations successfully identified fractionated mafic intrusion containing copper values of up to 0.04%. While the test work has returned sub-economic grade intercepts, the Company is very excited by the results which have demonstrated the presence of anomalous mineralisation in an area which was not originally targeting Fraser Range style nickel-copper and has received no further modern base metals exploration. The discovery is also made in a region which has delivered globally significant nickel-copper projects, such as the Nova-Bollinger mine and the Silver Knight deposit. | |
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