woomera open for mining exploration !

  1. zox
    464 Posts.
    woomera decision excellent news for juniors like ERO.
    haven't seen much discussion. which others will benefit???
    AON, GCR, MXR, TRF, TAS and MOX also have nearby tenements.

    ERO seems to have the most upside given their tiny $3m market cap and the prospectivity of their peeweena dam project. drill testing for IOGCU mineralization similar to olympic dam and prominent hill could be closer than we think!

    PERTH (miningweekly.com) - ASX-listed Ero Mining on Friday welcomed the decision by the federal government to endorse mining activities in the Woomera proapplication for gravel crushershibited area (WPA), in South Australia.

    Earlier this week, the government opened the WPA, which covers an area of around 127 000 km2, for resource development. The area was previously declared prohibited under the Defence Force Regulations, and used for testing Royal Australian Air Force war material.

    Ero said it would work with Defence and the South Australia Department of Primary Industries and Resources to ensure that its portfolio of advanced applications for access to the WPA would be promptly expedited.

    The lithium, uranium and gold explorer noted that analysis of previous gravity survey data at its Billa Kalina gold joint venture, in the WPA, drew attention to a potentially significant single point gravity anomaly at Peeweena Dam.

    The company said that based on nearby drilling, Ero interpreted the anomaly to lie adjacent to major structurally controlled contact between Archaean basement to the west, and Proterzoic/Palaeozoic sediments to the east, and the company believed that it was prospective for iron oxide-copper-gold-uranium mineralisation.

    http://www.articulosi.com/explorer-ero-welcomes-woomera-decision
 
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