Currently putting together a list of Australian Molybdenum explorers and how they can compare in value. Note Dart Mining's(DTM)share price has rocketed in the past week with a JORC maiden resource due next month.
Exploration prospects as noted in ZGM's annual report:
*Mistake Creek is a very under-explored intrusive complex, with excellent potential for discovery of porphyry-style copper-gold-molybdenum and associated epithermal gold. Previously drilling was very shallow - only three holes deeper than 100m. The best drill intersection was 7m at 0.59 g/t Au or 2m at 1.99 g/t Au. Minor copper, lead, zinc, silver and molybdenum were also intersected.
*The Mount McLaren prospect is defined by a large (1500m x 1000m) Mo-in-soil geochemical anomaly surrounded by concentric Cu and Pb-Zn anomalies exhibiting a classic porphyry-type signature. There is excellent potential for discovery of a substantial porphyry Mo deposit with a sustained drilling programme.
*Byjingo: This very small open-cut mine located on a mesothermal shear zone, produced a small tonnage of gold-bearing ore during the 1990s. Whilst there is little upside potential for gold, the geological situation indicates potential for a porphyry copper system at depth.
*Blackwood Dam: This �hot spot� magnetic anomaly covered by thick soils is planned to be tested during the forthcoming year.
ZGM Price at posting:
5.0¢ Sentiment: Hold Disclosure: Held
