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Syndicated Metals Ltd.
Summary
| Project: | Barbara | |
|---|---|---|
| Deposit: | Lillymay | |
| Location: | Australia | |
| Commodities: | Copper-Gold-Sulphur | |
| Date: | 12/16/2014 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 16-12-2014: Syndicated Metals Ltd. announces a Resource Estimation report for its Lillymay deposit at the Barbara project. Initial mineral resource estimate for Lillymay satellite deposit. Syndicated Metals Limited (ASX: SMD – “Syndicated” or “the Company | |
| Resources: | (Resource, I+I): 225'295t @ 2.33% Cu, 0.02ppm Au, 3.08% S at Lillymay | |
| CP/QP: | [Resources]: Jim Whitelock, Michael Martin (Exco Resources Ltd.;Internal) | |
| ABSTRACT: | Syndicated Metals Limited (ASX: SMD – “Syndicated” or “the Company”) is pleased to advise that drilling will resume at its emerging Lillymay satellite deposit early in the New Year targeting significant extensions to the high‐grade mineralization identified following completion of a maiden JORC 2012 compliant Mineral Resource estimate. The latest geological interpretation of the Lillymay mineralization suggests that it could comprise multiple shoots of high‐grade plunging copper mineralization with similarities to the flagship Barbara copper‐gold deposit. Lillymay is located 4km south‐west of Barbara and forms part of the Barbara Copper‐Gold Joint Venture Project in North Queensland (Figure 1). The maiden Inferred Resource, of 225,295 tonnes grading 2.33% Cu for 5,250 tonnes of contained copper, represents a first step for the Barbara Joint Venture towards establishing a regional copper resource inventory outside of the Barbara deposit itself with potential to contribute high‐grade feed to an operation at Barbara. | |
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