ADM andean mining limited

IPO - AMD Resources Limited, page-3

Currently unlisted. Proposed listing date: 16 MAY 2022 12:30 PM AEDT ##
  1. 2,006 Posts.
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    Hi Xinyuan, Here is something to start on.

    PROJECT HIGHLIGHTS• High grade El Dovio copper/gold VMS project located in Colombia• Historical drilling and underground development• Sabana Blanca “stringer zone” contains high grade core within broad halo of stockwork mineralisation• Mineralisation over 1 km in strike and open at depth• Excellent recoveries from metallurgical test work• Potential main feeder zone (Brazo 1) identified• IPO funds to drill maiden JORC resource across known mineralised areas• VMS systems typically have multiple ore lenses

    EL DOVIO PROJECT OVERVIEWEL DOVIO hosts a high-grade copper/gold Volcanogenic Massive Sulphide (VMS) system located in the Department of Valle del Cauca, Colombia.To date, four mineralised areas have been identified at El Dovio; Sabana Blanca, Brazo 1, Granizales and Sopetrana.The Sabana Blanca “stringer zone” has been the main focus of historical activity with underground development, surface trenching and sampling and diamond drilling identifying a system that is 10m to 68m wide within which high grade copper/gold zones averaging between 4m and 6m are developed. This may give the potential to develop either a high tonnage low to medium grade or a low to medium tonnage high grade mining operation.

    Brazo 1 is potentially the main feeder zone for local mineralisation. Diamond drilling on the Brazo 1 zone will target potential sub-vertical mineralization believed to be associated with the main VMS system at El Dovio and has the potential to add significant tonnage to the deposit.The Granizales zone 400m south of Sabana Blanca has identified VMS “stringer” zone mineralisation at surface with grades up to 8.0g/t Au and1.8% Cu and is undrilled. . The Sopetrana ‘stringer zone is developed in the footwall of Sabana Blanca with surface trenching exposing 3m at 2.1g/t Au and 7.87% Cu.Results from the ongoing metallurgical testwork have indicated that recovery for all metals into separate copper and zinc concentrates exceeds 95%. Importantly testwork has also indicated that 90% of the gold and 82% of the silver report into the copper concentrate which will have a significant and positive effect on the economics of any development at El Dovio.TARGET RESOURCEA 15,000m in-fill and step out drilling program has been designed to provide sufficient data to establish a maiden resource at El Dovio. Target resource of at least 5Mt at copper and gold grades in excess of 3% and 4g/t respectively (i.e. >7.0g/t AuEq or >5.0% CuEq).

    Cheers

    Neptune
 
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