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Traka Resources Ltd.
Summary
| Project: | Mt Short | |
|---|---|---|
| Deposit: | Mt Short | |
| Location: | Australia | |
| Commodities: | Zinc-Lead | |
| Date: | 3/6/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-3-2018: Traka Resources Ltd. announces an Exploration/Drilling Update report for its Mt Short deposit at the Mt Short project. Drilling results incl. 8.59m @ 1.7% Zn, 0.95% Pb from 39.5m. A diamond drillhole targeted to intersect an IP (Induced Polariza | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Patrick Verbeek (Internal) | |
| ABSTRACT: | A diamond drillhole targeted to intersect an IP (Induced Polarization) target at the Mt Short base metals prospect intersected lead (Pb) and zinc (Zn) mineralisation at 39.5 metres downhole depth. The intersection was of oxidized rock and comprised 8.59 metres @ 1.7% Zn and 0.95% Pb including 0.75 metres @ 5.7% Zn, 2.6% Pb and 1.9 metres @ 3.9% Zn and 1.57% Pb (Table 1 and Figure 1). Previous work on this target, which is entirely under regolith cover in wheat paddocks, showed the presence of lead, zinc and copper mineralisation within a sedimentary rock sequence extending over a 13 kilometre distance (Figure 2) (1). A 2 kilometre section of this zone with coincident near surface supergene and IP anomalism is being evaluated in this instance (Figure 3). Further sampling of the drill core and a re-appraisal of the geophysics modelling for the IP and former EM (electromagnetic) data is underway. The IP target was expected below 100 metres depth whereas the intercept quoted above is at much shallower depths. In addition a 20 metre section in the pre-collar of the drill hole above the intersection quoted appears to be mineralised too, but the sample quality was too poor to provide meaningful results. (Refer JORC Table 1 in the Annexure) Further sampling of the disseminated sulphide copper zone and iron rich metasedimentary unit which is in the position of the IP anomaly 100 metres down the hole is currently underway. Receipt of this additional assay data and completion of a review of the previous geophysical surveys will guide the follow-up work program. | |
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