Previous sampling has confirmed significant barite mineralisation with assays up to 9.37% Ba returned. Significant fluorite mineralisation is also evident in the area and historically values range from 5.7% CaF2 to 85% CaF2 (Central Pacific Minerals). In 1972 Central Pacific Minerals identified an inferred resource of 250,000 short tonnes at 37% CaF2. The resource is now 100% owned by Molyhil Mining Pty Ltd as part of the recent acquisition of ML77-86 from QER Pty Ltd. The ten ML's are surrounded by the Molyhil EL22349.
The proximity to the proposed infrastructure at Molyhil will allow the Oorabra Reefs mineralisation to be explored thoroughly and developed in the future.
THR Price at posting:
2.8¢ Sentiment: None Disclosure: Held
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