Anax Metals Restricted (ASX: ANX, Anax, the Firm) is happy to supply an replace on exploration on the Evelyn deposit (Evelyn), a part of the Whim Creek Undertaking, positioned 115km southwest of Port Hedland (Determine 1).
- Analysis of historic exploration has recognized high-potential drill targets & intensive areas within the Evelyn Mining Lease requiring additional exploration
- The high-grade Evelyn base steel deposit (590Kt @ 2.54 % Cu, 3.90 % Zn)1 is centrally positioned inside a granted Mining Lease & historic magnetic and EM surveys have outlined potential “event-horizon” stratigraphy that strikes for >3.0 km within the tenement. Roughly 70% of this extremely potential stratigraphy stays largely untested by efficient drilling
- Discrete, late-time conductors outlined by a VTEM (airborne EM) survey flown in 2007 are positioned beneath alluvial cowl & stay largely untested
- Rock chip outcomes from the latest sampling program at Felsic Dome goal returned as much as 3.94% Cu and 1.21 g/t Au, demonstrating prospectivity instantly west of Evelyn
- Robust bedrock conductors outlined by FLEM (floor EM) surveys happen beneath transported cowl with very restricted drill testing accomplished
- Earlier exploration ignored geochemical strategies in favour of geophysics
- Floor, auger & litho-geochemical strategies for use extensively, permitting for quick & environment friendly exploration to determine additional drill targets, principally throughout the potential event-horizon stratigraphy
- RC drilling is proposed to check present VTEM & FLEM conductivity together with different targets generated by the geochemical program
Anax’s Managing Director, Geoff Laing commented: “Evelyn is a wealthy, high-value base steel deposit and the invention of any additional ore positions throughout the granted Mining Lease would add significantly to the general economics of the broader Whim Creek Undertaking. The exploration crew have accomplished properly to advance the prospectivity of the world and we look ahead to executing a extra aggressive discovery technique going ahead”
The Firm has undertaken a full evaluate of all historic exploration ensuing within the identification of appreciable potential so as to add present sources with profitable exploration.
Determine 1: Location of the Whim Creek Undertaking and Evelyn Deposit
Geological Overview
The Evelyn deposit displays many traits typical of a Volcanogenic Large Sulphide (VMS) fashion of mineralisation. The ore is comprised predominantly of large pyrrhotite, chalcopyrite, sphalerite and minor portions of galena and pyrite. Nearly no gangue exists throughout the ore and the interconnectivity of the sulphide minerals ends in robust electrical conductivity offering a superb goal for floor, airborne and downhole electrical geophysical strategies.
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