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clock Created with Sketch. 04/01/18
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Originally posted by lemony123
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Welcome to the AML forum.th December 2017 Highest PY3 copper and cobalt grades yet at Walford Creek • Highest PY3 copper and cobalt grades – 30m @ 3% Cu, 0.44% Co and 50g/t Ag from 188m • Results from 900 meters west of existing Vardy Resource confirm expectations of a large mineral system with potential for significant additional Resources beyond those currently defined • Upgraded Resources estimate in progress Aeon Metals Ltd (“Aeon” or “the Company”) owner of one of Australia’s biggest undeveloped base metals projects in north-west Queensland, the Walford Creek project, is pleased to announce assay results for its final two holes (holes eight and nine) from its second phase 2017 drill campaign. These two holes targeted the high grade PY3 unit west of Vardy. Hole eight (WFDD270), located in the Marley Zone is ~900m west from the edge of the Vardy Resource and confirms the outstanding potential for high grade copper and cobalt in the PY3 along the extensive Fish River Fault. Hole nine (WFDD271) was aimed at an apparent dip in the stratigraphy where no previous hole had intersected the PY3. It intersected faulting and defines an offset in the stratigraphy at depth. Both holes intersected significant mineralisation and continue to confirm both the high grade PY3 as well as adding geological rigour to the 3D geological model. Results returned from these two holes include the following significant mineralisation: WFDD270 results in the PY3 include; • 45m @ 2.21% Cu, 0.32% Co and 43g/t Ag from 185m - Inc. 30m @ 2.99% Cu, 0.44% Co and 50g/t Ag from 188m WFDD271 results in a faulted block of PY3 include; • 13m @ 0.51% Cu, 0.07% Co and 30g/t Ag from 262m • 18m @ 0.56% Cu, 0.07% Co and 15g/t Ag from 297m The very high grades in hole eight, WFDD270, which targeted the PY3 within a few metres of the modelled 3D geological target, are outstanding and the best of the recent program of drilling. It again emphasises the extremely consistent copper and cobalt grades in the middle to lower PY3 and indicates a thickening of the PY3 to the west. This hole is a further 675m west of hole WFDD268 (22m @ 2.2% Cu, 0.31% Co from 201m) in what the Company is now referring to as the Marley Zone.
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Good summary. I think the next announcement will be an interesting and informative one. We will get an indication of the new resource model and I'm sure they will outline the development /exploration timeline in more detail.
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