Locksley Resources (ASX:LKY) has identified multiple anomalies identified with exploration activities at the Tottenham Project in central New South Wales, Australia.
Results have been received for 71 rock chip samples collected from a variety of areas within the Tottenham project. Much of this work was done on foot when vehicle access was not possible due to inclement weather. Anomalous to ore grade values were returned from several areas.
Burdenda – Hunts Road
Two lag samples were collected close to the Burdenda Prospect with no anomalous results. Most of this area is under transported cover with historic hole TMAC003 returning 14m @ 0.3% Cu.
Three samples were collected along Hunts Road close to a historic anomalous sample. No anomalous values were returned.
Bogan River
Two samples of reverberatory furnace slag were sampled from the Bogan River Mine to quantify the material. These returned higher than expected values up to 0.7ppm Au, 8ppm Ag, 1.53% Cu, and 2% S.
Bogan Way
Three samples collected from road cuttings, along the Bogan Way, of intensely folded psammite with no anomalous results.
Laceys Tank
16 rock samples were collected about the Lacey’s Tank Prospect in an area of sporadic and limited exposure. A series of prospecting pits were located that agree with historic descriptions. These are approximately 600m from the supposed location in government data sets and are close to anomalies identified in the recent helicopter borne electromagnetic (EM) survey. The samples show a WSW-ENE trending mineralised fault zone with quartz veining and gossan that is traceable for 200m at surface. The mineralisation post-dates regional deformation and metamorphism and is of a different style to the main Tottenham deposits. The setting and style are similar to the Iron Duke Deposit. Samples are anomalous in Au (to 0.38ppm), and Cu (to 0.18%). Elevated values are present for Ag, As, Bi, In, Mo, Sb, Sn, Zn.
The Laceys Tank area has had minimal historic exploration with no previous drilling.
Jimmy Woodser
14 samples were collected to the south and west of the Jimmy Woodser Mine. These samples were collected as reconnaissance about a helicopter borne EM anomaly. Gossanous psammite from a prospecting pit returned elevated values of 0.14ppm Au, 0.08% Cu, 0.05% Zn. This work adds to previous Locksley sampling and historic sampling by Mincor Resources. Of particular interest are anomalous copper results along strike to the WSW of the Jimmy Woodser Mine.
Railway Forest
Four samples were collected between the Bogan Way and the Tottenham Branch Railway, over EM response RF4. Banded quartz-magnetite rocks present with values to 0.06%Cu, 0.06% Zn. Nearby historic Mincor Resources samples assay up to 0.24% Cu, 0.37ppm Au.
Underlay Mine – Nelson Mine
26 samples were collected in the general vicinity of the Underlay and Nelson Mine. Anomalous to ore grade results were reported in several places:
Nelson Mine, west shaft. Up to 1.68% Cu, 0.38ppm Au, 0.12% Zn
Nelson Mine, east shaft. Up to 1.97% Cu, 1.82ppm Au, 4ppm Ag, 0.12% Zn
400m WNW of the Underlay Mine, 0.24% Cu.
These results add to previous sampling conducted by Mincor Resources and complement the current focus on regional targets which are located within a short distance from the current Mineral Resource. Locksley have a strong suite of regional targets that are drill ready.
Next Steps
The current rock chip sampling programme has extended and strengthened coverage within the mineralised system in the Tottenham area, particularly in the Ace Mine to Underlay Mine area. This sampling combined with modelling of EM anomalies and historic mines represent excellent drill targets.
For further information please visit: http://www.locksleyresources.com.au/
