AAR 8.97% 8.5¢ astral resources nl

hc gold fans get a load of this, page-16

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    Of note. How Silly is this quote!
    {Resource Estimation excluded consideration of gold and cobalt as many of the holes drilled in the early exploration phases were not assayed for these elements.}
    Koongie Park Project WA
    Anglo Australian Resources NL 100%
    The total of Indicated Resources for the Koongie Project now stands at 4.65 Mt @ 5.2% Zn, 1.2% Cu, 0.8% Pb, and 29.6g/t Ag.

    Gold and cobalt mineralisation of potential interest occurs in both deposits. However, the Resource Estimation excluded consideration of gold and cobalt as many of the holes drilled in the early exploration phases were not assayed for these elements.
    But !
    The Deposits
    The Sandiego deposit is a steeply plunging tabular mineralised zone that has been drilled on 40m sections over a strike length of 120m to a depth of 500m, and remains open at depth. Its substantial potential is illustrated by the 1996 drillhole SRCD 7 roughly in the middle of the deposit which intersected 77m @ 1.65% Cu, 1.48% Pb. 9.7% Zn, 60.7 g/t Ag and 0.54 g/t Au (200-277m) and 20m @ 3.2% Cu, 0.05% Pb, 0.14% Zn, 16 g/t Ag and 0.31 g/t Au (292-312m). Recently metallurgical test hole SRCD24 confirmed the high tenor of the mineralisation within the middle of the deposit with intersections of 6.2m @ 2.14% Cu, 462g/t Ag, 41.6m @ 10.89% Zn and 29m @ 0.6% Cu, 621g/t Co.

    The Onedin deposit is more complex in shape due to tight folding of the host stratigraphy. It is best described as mostly a rod-shaped plunging mineralised zone, but a high-grade horizontal component to the mineralisation is also recognised. Recently metallurgical test hole ORCD45, drilled down the plunge of the mineralisation, confirmed the geological model with outstanding intersections of 42m @ 0.7% Cu, 1.76%Pb, 15.68%Zn, 146ppm Co, 109g/t Ag (125 - 169m), 13m @ 1.93% Cu, 1.81%Pb, 13.46%Zn 143ppm Co, 146g/t Ag (178 – 191m) and 9m @ 0.56% Cu, 5.3%Pb, 7.65%Zn, 126ppm Co, 104g/t Ag (206-215m).

 
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