Aeon Metals (ASX:AQR) has undertaken a review of the historical drilling completed on the Walford Creek Project in Queensland by its recently acquired subsidiary, Aston Metals.
From 2010 and up to its acquisition by Aeon in June 2014, Aston was an unlisted public company controlled by Nathan Tinkler.
As a result, none of the drilling data has been available to the public.
Highlight intersections from the review include 75 metres at 1.34% copper, 0.18% cobalt, 1.89% zinc, 2.6% lead and 81g/t silver.
The 2014 drilling program currently in progress was designed to achieve two results - step out drilling to establish the extent of the ore body; and in-fill drilling to increase understanding of the existing ore body and establish the basis for an upgrade to the current JORC Resource.
Initial results include 35 metres averaging 1 copper, 0.16% cobalt, 1% lead, 0.7% zinc and 38g/t silver from 291 metres.
This interval contained 3 metres at 4.6% zinc, 2.7% lead and 80g/t silver from 305 metres.
Since 1989, Walford Creek has had 215 shallow holes drilled for 34,190 metres.
SEDEX style mineralisation is overprinted by Mississippi Valley late stage copper-cobalt style mineralisation controlled by the regionally extensive Fish River Fault which extends for over 25 kilometres through the Aeon tenements.
Aeon controls a swathe of base and precious metals projects in Queensland which it plans to consolidate around a central mining hub.
The company is also involved in an exploration and earn-in joint venture agreement over tenement EPM 17060 in Queensland with mining giant Rio Tinto (ASX:RIO).
Rio can earn an initial 70% interest in the tenement by spending a total of $2.7 million over four years.
