Anax Metals Restricted (ASX: ANX, Anax, the Firm) is happy to offer its Actions Report and Appendix 5B for the quarter ended 30 September 2024 (Quarter).
Highlights:
- Huge sulphide mineralisation intersected in drilling at Evelyn
- A number of thrilling high-potential VMS targets recognized
- Memorandum of Understanding (MOU) executed with Artemis Sources Ltd
- Business-scale trial of combination manufacturing from beforehand mined waste rock paves the best way for potential near-term income by way of the manufacturing of street base and aggregates
- Development of the undertaking development processing hub research
- Strategic capital elevate of $2.54 million accomplished submit Quarter-end
Venture Progress (Exploration)
Diamond Drilling
In July 2024, Anax introduced graduation of a diamond drilling programme on the Evelyn deposit (Determine 1).12 The programme was designed to extend drill density and check for down- plunge extensions beneath a 2022 RC gap, 22AER005B, which intersected 13m @ 4.46% Cu, 3.10% Zn, 45 g/t Ag and 1.61 g/t Au from 204 m (Determine 2).2
Determine 1: Whim Creek Venture Location within the Pilbara Area of Western Australia
Determine 2: Evelyn Lengthy Part (native grid) exhibiting CuEq grade x thickness contours and present drilling pierce factors. The view course is to northwest.2
The drilling programme was efficiently accomplished in late August 2024 with all holes intersecting visible sulphide mineralisation.13
One of the best noticed intersection from the drilling programme was from 24AED002A, which encountered a strongly mineralised zone between 176.45m and 189.9m. Preliminary outcomes from Minalyzer steady XRF-scanning have confirmed the high-grade nature of the intersection (Desk 1 and Determine 3).13
Desk 1: Important steady XRF-scanning outcomes for 24AED002A1
CAUTIONARY STATEMENT ON CONTINUOUS XRF SCANNING RESULTS:
Core was processed by way of the Minalyzer CS (Minalyzer) steady XRF scanning unit in Perth. Six trays of calibration core samples have been submitted with the brand new drilling, however no high-grade mineralisation was out there. The outcomes offered on this announcement are subsequently thought-about partially calibrated because the higher restrict of seemingly assays should not represented within the calibration core. The XRF outcomes which are topic of this report might be submitted for laboratory assay and a few variation from the outcomes offered herein ought to be anticipated. For additional details about the XRF scanning outcomes and Minalyzer discuss with the ASX Announcement dated 27 August 2024.
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