Just got the EL approved for FalunDRAKE - ZINIFEX JOINT...

Just got the EL approved for Falun

DRAKE - ZINIFEX JOINT VENTURE
EXPLORATION LICENCE COVERING UNEXPLORED AREAS IMMEDIATELY
EAST OF THE HISTORIC FALUN COPPER MINE GRANTED
· The Drake (ASX Code: DRK) - Zinifex (ASX Code: ZFX) Alliance
application for an exploration licence that covers the eastward strike
extension the Falun copper mine host rocks has been granted
· The Domängruvan copper-zinc sulphide deposit is highly
prospective for massive and disseminated sulphide mineralisation,
and for gold vein mineralisation.
· The area was mined for sulphur in the First World War to 20 metres
depth but remains open along strike and at depth
· Four Assay samples taken from the waste dump gave the following ranges for
copper and zinc:
Copper: 0.03 – 4.4% Cu
Zinc: 0.8 – 6.1% Zn
· During the 17th and 18th centuries Falun was the world’s largest copper mine, the
Falun was also Sweden’s largest gold mine and the second largest silver mine
· The area has been occupied by the Swedish military since the First
World War, and no exploration has been permitted for almost a
century
· Falun 101 forms part of the Drake and Zinifex portfolio in this major
base metal belt
· The Alliance’s exploration programme to evaluate the remaining
mineral potential of the area has commenced
o An airborne magnetics survey has been completed
o Detailed geological and structural mapping has commenced
o An airborne electromagnetic survey
o This initial programm is sole funded by Zinifex (ASX Code:
ZFX)
The world-class Falun copper
mine operated for over 1300
years until its recent closure in
1992. During the 17th and 18th
centuries Falun was the world’s
largest copper mine. Whilst best
known as a major copper
producer, the Falun was also
Sweden’s largest gold mine and
the second largest silver mine.
Application Falun 101 covers the
area immediately east of the
Falun township. This application
contains the Domängruvan
massive sulphide occurrence,
which is a historic mine that
closed in 1917.
Domängruvan was mined primarily for pyrite during the First World War. Development and
drilling at the time reached depths of only 20 metres. The records of this mining, retained by the
Mines Inspector’s office in Falun, indicate that the material mined contained massive and
disseminated sulphides.
The distribution of chalcopyrite- and sphalerite/galena-bearing quartz-pyrite rock within a halo
of quartz pyrite rocks is shown on the sections and plans below.