Anax Metals Limited (ASX: ANX) has provided an update on exploration at the Evelyn deposit, part of the Whim Creek Project, located 115km southwest of Port Hedland.
Evaluation of historical exploration has identified high-potential drill targets and extensive areas in the Evelyn mining lease requiring further exploration.
Anax’s Managing Director, Geoff Laing commented, “Evelyn is a rich, high-value base metal deposit and the discovery of any further ore positions within the granted mining lease would add considerably to the overall economics of the broader Whim Creek Project. The exploration team have done well to advance the prospectivity of the area and we look forward to executing a more aggressive discovery strategy going forward.”
The high-grade Evelyn base metal deposit (590Kt @ 2.54 % Cu, 3.90 % Zn) is centrally located within a granted mining lease and historical magnetic and EM surveys have defined prospective “event-horizon” stratigraphy that strikes for >3.0km in the tenement. Approximately 70% of this highly prospective stratigraphy remains largely untested by effective drilling.
Discrete, late-time conductors defined by a VTEM (airborne EM) survey flown in 2007 are located beneath alluvial cover and remain largely untested.
Rock chip results from the recent sampling programme at Felsic Dome target returned up to 3.94% Cu and 1.21 g/t Au, demonstrating prospectivity immediately west of Evelyn.
The company will use surface, auger, and litho-geochemical techniques extensively, allowing for fast and efficient exploration to identify further drill targets, mostly within the prospective event-horizon stratigraphy.
RC drilling is proposed to test existing VTEM and FLEM conductivity along with other targets generated by the geochemical programme.
To find out more, please visit www.anaxmetals.com.au
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