♦ The Ashburton Project is rated as an exploration priority by Peak Resources ♦ IP survey to be undertaken as precursor to RC drilling programme to better define drill targets within > 5km long “structural trap” that has a coincidental geophysical and geochemical anomaly. ♦ Gravity anomaly co-incidental with EM anomaly and anomalous Pb, Zn, and Ag rock chips.
♦ Rock chip sampling has highlighted the polymetalic nature of mineralisation within the Ashburton Project. Assay results include: ∗ Iron greater than 50% Fe; ∗ Silver of up to 46.5 ppm; ∗ Cobalt of up to 1.9% with 0.28% Ni; ∗ Elevated Manganese (greater than 10% detection limit); and ∗ Elevated lead (over 1%). ∗ XRF assays pending on high Fe and Mn results. ♦ Geochem programme undertaken in conjunction with the Gravity Survey at Mt Vernon that identified a large structural embayment associated with a lithological contact. --------------------------------------------- What more does want for explotration. 5km alteration 5km geochem anomaly etc etc Whatever it is its big.
PEL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held