AAR 9.52% 11.5¢ astral resources nl

ann - drill testing to commence , page-2

  1. 13,367 Posts.
    lightbulb Created with Sketch. 16
    26 November 2009
    ANGLO AUSTRALIAN RESOURCES NL
    ASX ANNOUNCEMENT
    GOLD
    DRILL TESTING TO COMMENCE ON BEDROCK TARGETS AT
    THE ROGAN JOSH DEPOSIT, FEYSVILLE NEAR KALGOORLIE
    WESTERN AUSTRALIA
    Anglo Australian Resources NL is pleased to announce the commencement of a RC drilling
    program of approximately 1,000m at the Feysville Project. Drilling will target bedrock
    mineralisation beneath the Rogan Josh supergene deposit. Commencement is subject to
    access tracks to drill sites drying out after recent rain.
    The Feysville Project consists of all mineral rights attached to two mining leases located
    16km SSE of Kalgoorlie. The Project is situated in the geological/structural corridor,
    bounded by the Boulder Lefroy Fault, that hosts the world class plus million ounce deposits
    of Mt Charlotte, Fimiston, New Celebration, Victory-Defiance, Junction, Argo and
    Revenge/Belleisle of St Ives, as well as other deposits such as the 60,000oz Au Hannans
    South deposit (located 3km north of the Project). The Rogan Josh deposit has strong
    geological affinities to the Hannans South deposit which is largely a supergene gold deposit
    occurring within the Hannans South Shear Zone.
    The Rogan Josh prospect is an attractive target with significant supergene and bedrock gold
    mineralisation already located. Previous drilling by Western Mining returned intersections
    such as 8m @ 3.3g/t Au; 2m @ 8.8g/t Au and 2m @ 4.28g/t Au from a sub-horizontal
    zone of supergene mineralisation. The zone, as defined by the 1g/t Au limit, is more than
    700m long and 2-8m thick. The mineralisation occurs about 30m below the surface. In June
    2009 Anglo Australian Resources NL completed 13 reverse circulation drill holes (total
    1,180m) primarily to test the supergene-mineralised zone. Encouraging intersections,
    including 2m @ 5.43g/t Au, 2m @ 14.34g/t Au, 1m @ 12.09g/t Au confirmed the
    supergene-mineralised zone and also discovered high-grade bedrock gold mineralisation
    within carbonate-sericite altered quartz feldspar porphyry with intersections of 4m @
    5.42g/t Au and 6m @ 8.24g/t Au, on the three southernmost sections tested. The sheared
    porphyry is interpreted to occur within the Hannans South Shear Zone. The recent aircore
    drilling program also confirmed the potential southern extension of this mineralised zone.
    The new drilling program will specifically drill beneath previous bedrock intersections to
    ascertain dip and down dip continuity of the host structure; test the projected southern and
    northern strike extensions of the bedrock mineralisation and drill below the best supergene
    intersection from the recent aircore drilling program, 1,700m southeast of Rogan Josh.
    The existing drill pattern at Rogan Josh is still wide spaced and no resource has been
    defined at this prospect. However further high grade intersections from the current program
    at this prospect could see a follow up resource definition program.
 
watchlist Created with Sketch. Add AAR (ASX) to my watchlist
(20min delay)
Last
11.5¢
Change
0.010(9.52%)
Mkt cap ! $132.9M
Open High Low Value Volume
10.5¢ 11.5¢ 10.5¢ $100.2K 915.1K

Buyers (Bids)

No. Vol. Price($)
4 945350 11.0¢
 

Sellers (Offers)

Price($) Vol. No.
11.5¢ 801684 7
View Market Depth
Last trade - 16.10pm 14/10/2024 (20 minute delay) ?
AAR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.