ASX CODE: SFR
SFRCA
OFFICE AT: CORRESPONDENCE:
1 VENTNOR AVENUE T: +61 8 9226 5833 PO BOX 1495
WEST PERTH 6005 F: +61 8 9226 5844 WEST PERTH 6872
WESTERN AUSTRALIA E: [email protected] WESTERN AUSTRALIA
www.sandfire.com.au
ABN 55 105 154 185
HIGH GRADE INTERCEPT & NEW MINERALISED ZONE AT
DOOLGUNNA
HIGHLIGHTS
• High grade intercept of 14m @ 10.4g/t gold from
14m at East Shed Well.
• New gold zone at Cow Hole Bore; best result of 4m
@ 7.43 g/t from 20m.
.
SANDFIRE RESOURCES NL
INTERIM DRILLING RESULTS FROM DOOLGUNNA
ABN 55 105 154 185
Page 2
DOOLGUNNA (Sandfire 100%)
As announced on 10th August, the Company is undertaking a drilling program designed to
test some of the new geochemical targets and to advance the understanding of the
controls on mineralisation at the existing prospects. The program is being done in two
parts to accommodate drilling crew schedules.
The first part of the program mainly involved testing the new geochemical anomaly east
of Cow Hole Bore with RAB drilling. A total of eight air core holes were also drilled at Cow
Hole Bore, East Shed Well and Old Highway (fig.1). The second part and the bulk of the
program will be completed by the end of August.
The results from the RAB drilling at Cow Hole Bore are particularly promising as a new
zone of mineralisation has been located (fig.2). The best results, which were from holes
DGRB355 and DGRB372, of 4m @ 5.5g/t and 4m @ 7.4g/t respectively are separated by
100m and lie sub-parallel to the basalt contact. Weakly anomalous gold values were
returned from several adjacent holes. Additional RAB drilling has been completed in this
area during the second part of the program.
The best air core intersection was from DGAC006, which was a vertical hole drilled at
East Shed Well. This hole returned 14m @ 10.4 g/t from 14m (fig.3). This high grade
result compares favourably with the previous best result of 48m @ 5.9g/t from Old
Highway and, based on current knowledge of the two prospects, the mineralisation is
similar.
Results from the program include:
Hole ID From Interval Gold Grade Comment
Cow Hole Bore
DGRB355 32m 4m 5.50 736100E
DGRB372 20m 4m 7.43 736200E
East Shed Well
DGAC003 44m 4m 3.33 Anomalous 0 to
64m EOH
DGAC004 24m 2m 3.23
DGAC006 14m 14m 10.40 Anomalous 0 to
62m EOH
Old Highway
DGAC008 44m 2m 3.49 Anomalous 0 to
62m EOH
717259mE
7161358mN
SANDFIRE RESOURCES NL
INTERIM DRILLING RESULTS FROM DOOLGUNNA
ABN 55 105 154 185
Page 3
Assay results from the second part of the program will be reported during September.
G Steemson
Director
30th August 2006
The information in this report that relates to Exploration Results is based on information compiled by Greg Steemson who is a Fellow
of the Australasian Institute of Mining and Metallurgy. Greg Steemson has sufficient experience which is relevant to the style of
mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as
defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Greg
Steemson consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Corporate Information
Directors and Executive Management
P S Thomas: Non-Exec Chairman
G H Steemson: Managing Director
G Hutton: Executive Director
M Smartt: Company Secretary
Issued Capital
As at the date of this report the issued capital
of the Company is comprised of:
• 62,098,626 fp shares
• 12,425,652 contributing shares with
$0.15 to pay, no call before 3/3/07
• 2.6m 31/12/08 $0.25 opts
• 0.925m 30/9/08 $0.20 opts
• 6.9m 30/6/07 $0.60 opts
Substantial Shareholders
Faustus Nominees Pty Ltd 9.12%
Resource Development Company 5.21%
Shareholder Enquiries
Matters related to shares held, change of
address, tax file numbers and the like should
be directed to the Company’s Registry:
Security Transfer Registrars Pty Ltd
Phone – 08 9315 2333
Investors interested in receiving copies of
ASX announcements can register such
interest on the Company’s website
www.sandfire.com.au.
Thaduna Copper Mine Road
No 6 B
No 2 B
John B
Cow Hole B
Red B
Peak Hill B Shed W
Doolgunna
7160000 mN
7180000 mN
740000 mE 740000 mE
710000 mE 710000 mE
7180000 mN
7160000 mN
E52/1697
E52/1698
E52/1699
E52/1715
Old
Highway
Watershed
South
East Shed Well
Red Bore
Cow Hole Bore
Great Northern Highway
10 kms
N
Newman
Meekatharra
Doolgunna Project
Prospect Locations
E52/1699
Red Bore
Sandfire Tenement
Prospect Location
Soil Geochemistry Target
Sealed Road
Dirt Road
Legend
West Gale Bore
North Padbury
Watershed
SAND FI R E RESOURCES
Fig 1
Doolgunna
Perth
Aircore
Drilling
Results
RAB Drilling
Results -
New Zone of
Mineralisation
N
Doolgunna Project
Cow Hole Bore Prospect
showing Au ppb in soils &
Au Mineralisation in RAB Drilling
200m
Fig 2
SAN D FI R E RESOURCES
Rab drill hole-assays received
Anomalous Au in soils
Rab drill hole-assays awaited
Significant Au mineralisation
736200 mE 736200 mE
736400 mE 736400 mE
736000 mE
7168800 mN
7169000 mN
736000 mE
7169200 mN
DGRB351
DGRB355
DGRB357
DGRB372
DGRB373
DGRB374
DGRB375
4
18
1
-1
-1
1
-1
1
-1
1 17
8
433
433
209
12
2
2
1
1
1 6
8
33
2
5
4
3
2
-1
-1 -1
-1
2
1
1
2
1
1
Au ppb in soils
4m(5.5g/t) 4m(7.43g/t)
Interpreted Mineralised Zone
Proposed RAB
Drill Traverse
DGRB051
DGRB050
DGRB052
DGAC005
DGAC003 DGAC004 DGAC006
DGRB094
DGRB219
DGRB096
DGRB100
DGRB136
2(10g/t) & 18(0.38g/t) inc 2(2.0)
18(1.19g/t) inc 4(3.00) inc 2(4.41)
12(0.14g/t)
21(0.8g/t) inc 4(2.01)
20(0.63g/t) inc 2(2.57)
2(0.25g/t)
6(1.22g/t)
DGRC007
2(1.94) 70-72m
DGRC006
12(0.66) 32-44m
inc 2(1.62) 38-40m
94m
100m
130m
130m
DGRC009
2(0.62) 16-18m
8(0.51) 38-46m
2(1.33) 58-60m
DGRC008
10(1.60) 34-44m
24(0.6) 64-88m
inc 4(1.85) 64-68m
726600 mE
726400 mE 726400 mE
726600 mE
7163800 mN
7164000 mN
726000 mE
726200 mE 726200 mE
7164000 mN
7163800 mN
726000 mE
Mineralized corridor ~450m
N
Doolgunna Project
East Shed Well
RAB, Aircore & RC Drilling
showing
Mineralized Corridor
200m
SAND FI R E RESOURCES
Rab drill hole
RC drill hole & trace
Aircore drill hole
Significant Au mineralisation
Fig 3
34(1.08g/t) inc 10(2.17) inc 2(6.46)
4(3.33g/t) 2(3.23g/t) 14(10.40g/t)
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