SRT 2.86% 18.0¢ strata investment holdings plc

specimen reef project tasmania

  1. 6,136 Posts.
    From resourcestar.com.au

    The Specimen Reef Project consists of EL11/2005 situated in north-eastern Tasmania about 5km north-northeast of the Savage River Magnetite Mine.

    The tenement is subject to an agreement with Walkabout Resources Pty Ltd, who are planning an IPO based on a project in the area including EL11/2005. Walkabout will earn a 65% interest in the tenement by free carrying the first $10 million in expenditure, and RSL will retain 35%.

    The lease contains historic drilling reported to contain alteration zones and veining associated with the old Specimen Reef workings, and an intersection of 0.2m @ 910g/t Au in a quartz-carbonate-brannerite vein. Brannerite is a uranium mineral, but no uranium assays were performed.

    Walkabout believe that there is potential for IOCG-style copper-gold-uranium mineralisation in the area.
 
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Mkt cap ! $30.49M
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16.0¢ 18.5¢ 16.0¢ $21.92K 125.9K

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2 102000 16.5¢
 

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20.0¢ 579 1
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