AYT austin metals limited

Ann: Significant 1.2km copper anomaly identified in Lachlan Fold, page-2

  1. 37,454 Posts.
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    So is the extent of the work only on DIGS?


    Key Highlights:
    • Silver City executed a binding option to acquire the Wellington Project on 11 March 2020, a highly
    prospective copper-gold exploration package in the Lachlan Fold Belt, NSW and located 15kms
    south of Alkane Resources’ Boda Discovery
    • As part of ongoing due diligence on the acquisition, Silver City has identified a significant 1.2km
    copper anomaly from historic works at the Wilunga Copper Prospect.
    • The copper anomaly at Wilunga identified from soils, recorded coherent copper mineralisation over
    1.2kms and peak values of 2,000ppm copper, 80ppm Mo
    • Mineralisation was reported as quartz-sulphide veins containing pyrite, chalcopyrite, molybdenite
    and weathered products (azurite, malachite)
    • Follow up work continues


    For those of you that don't read the JORC code at the bottom of those ASX releases:




    JORC Code explanation

    Further
    work
    • The nature and scale of planned further
    work (e.g. tests for lateral extensions or
    depth extensions or large-scale stepout drilling).
    • Diagrams clearly highlighting the
    areas of possible extensions, including
    the main geological interpretations
    and future drilling areas, provided this
    information is not commercially
    sensitive.
    • No field work is planned prior to
    negotiating Deed of Access


    Gotta love a dig around in DIGS and what do we have after that?


    "No field work is planned prior to
    negotiating Deed of Access"
 
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