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Metals Australia Ltd.
Summary
| Project: | Manindi | |
|---|---|---|
| Deposit: | Manindi | |
| Location: | Australia | |
| Commodities: | Zinc | |
| Date: | 11/7/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-11-2017: Metals Australia Ltd. announces an Exploration/Drilling Update report for its Manindi deposit at the Manindi project. Drilling results incl. 11m @ 0.39% Zn, 0.27% Cu from 185m. Diversified metals exploration company Metals Australia Limited (AS | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Lachlan Reynolds (Internal) | |
| ABSTRACT: | Diversified metals exploration company Metals Australia Limited (ASX:MLS) (Metals or the Company) is pleased to announce that it has received assay results for all drill holes completed during the recent drilling program at the Manindi Zinc Project, located in Murchison District of Western Australia (Figure 1). The Company recently completed four reverse circulation (RC) percussion drill holes, MNRC016- 019, totalling 1,147.00 metres at the Manindi project (see Appendix 1). Three holes, MNRC016, MNRC017 and MNRC019, were drilled in the vicinity of the existing Kultarr mineral resource targeting the newly interpreted down plunge extension of the C4 conductor target (see Figure 2). The remaining hole, MNRC018 was designed to test the Kultarr North C2 conductor target located approximately 350m north along strike from the Kultarr resource (Figure 2). The drilling program was completed on the 11th September 2017. This third phase drilling campaign at Manindi intersected multiple zones of disseminated to heavy matrix sulphide mineralisation, characteristic of a volcanogenic massive sulphide (VMS) deposit, similar to other base metal sulphide deposits in the Yilgarn Craton, particularly Golden Grove Page | 2 near Yalgoo to the west of Manindi, and Teutonic Bore-Jaguar in the Eastern Goldfields to the east of Manindi. However the intersections are interpreted to be on the weakly mineralised periphery of the mineralised zone. | |
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