Thread starter, just a quickie
25m 30c 30/6/07 Options
2 Gold projects in Laos near OXR huge Sepon
Krombit Copper Zinc deposit in Nth Qld
Kanmantoo 10% free carried interest in this copper project (HOG 90%)
Alford 80% interest in this Olympic Dam type target
Potential Olympic Dam Style Mineralisation Intersected
at Alford Copper Project, South Australia
Hillgrove Resources Limited (ASX:HGO) advises that diamond drilling of a potential Olympic Dam Iron Oxide Copper Gold Uranium (IOCGU) style target at the key Netherleigh Park prospect has now finished with two holes completed for a total of 473m. The holes have been geologically logged and are now being cut for analysis with results expected within the current quarter.
The Netherleigh Park prospect is located within the Alford Project, near Alford on the Yorke Peninsula, South Australia.
The Alford Project falls within the IOCG Potential Rank 1 Area as defined by GeoScience Australia – the highest potential for IOCGU mineralisation within South Australia's Gawler Craton. Drilling intersected a thin (30-40m) sequence of transported sediments before encountering brecciated and haematite altered basement rocks with variable amounts of sulphides including pyrite, chalcopyrite and galena (Figure 1).
Past drilling has identified significant widths of copper mineralisation associated with heamatite alteration including 76m at 0.95% copper including 12m at 2.18% copper in ALDDH001. The project also has significant uranium potential with past drilling returning excellent first pass with assay results up to 290ppm Uranium.
Torrens 80% IOCGU target, JV with Straits
Proper analysis by the end of the week