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Metalsearch Ltd.

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Summary

Project:

Abercorn

Deposit:Abercorn, Satellite
Location:Australia
Commodities:Kaolinite
Date:3/31/2020
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:31-3-2020: Metalsearch Ltd. announces an Exploration/Drilling Update report for its Abercorn, Satellite deposit at the Abercorn project. Drilling results incl. 22m @ 30.3% Al2O3 from 0m. Results have been received for 20 more holes from the Abercorn Proje
Resources:x
CP/QP:[Overall Report]: Graham Rolfe (Not stated)
ABSTRACT:Results have been received for 20 more holes from the Abercorn Project, with an additional 34 holes to be reported. The last drill hole results from the Satellite Project have been received, confirming the high grade nature of this prospect. Metalsearch Limited (ASX: MSE, “Metalsearch” or “the Company”) is pleased to announce that the XRF results of the -20um fraction, of 20 additional drill holes at Abercorn have been received. Drill hole ABAC 28 was drilled at a satellite target approximately 2km southwest of the main Abercorn Project, and is located 100m north of the historic hole, CK003. Five holes have been drilled in this satellite area in the program and the results have been received for each. (Figure 3). The excellent results from holes ABAC 25, 26, 27, 28 & 29 have confirmed that this area will make a significant contribution to the resource extension. (Table 1) These five holes were drilled over an area approximately 300m east-west and 250m north-south. The weighted average of depth and grade of the -20um fraction for these holes is 15m @ 30.51% Al2O3. This high quality kaolinite zone is open in all directions.

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