Thick, high-grade Co-Ni intersections at Goongarrie South
Drill holes designed to provide metallurgical test work samples return broad, high-grade mineralisation, as expected.
- Outstanding results, including:
- AGSD0001, 131m at 0.10% cobalt and 1.06% nickel from 34m
- AGSD0002, 54m at 0.11% cobalt and 1.52% nickel from 10.0m
- AGSD0004, 39m at 0.20% cobalt and 1.35% nickel from 18.7m
- Several high-grade zones within these thick intercepts, including:
- AGSD0001, 7.2 m at 0.92% cobalt and 2.19% nickel from 95.6m
- AGSD0004, 28 m at 0.27% cobalt and 1.57% nickel from 22m
- Uniform mineral composition over entire thick mineable intercepts.
- Consistency of results and goethite-dominant mineralisation provide for high-quality and stable plant feed for a future mining operation.
- Pre-Feasibility Study hydro-metallurgical leach tests commence this week.
Read full Goongarrie South announcement (4 July 2017)
Upgraded Cobalt resources, Goongarrie South and Big Four
taking the KNP Cobalt Zone JORC 2012-compliant resource of 65.7 Mt at 0.13% cobalt and 0.79% nickel (reported using 0.08% cobalt lower cut-off) is for the KNP Cobalt Zone, a higher-grade cobalt-focused subset of the full KNP resource.
Targeted, intensive exploration
Ardea aim to increase shareholder value through a targeted and intensive exploration program. The Company plans to spend up to A$5 million mainly on drilling over two years on currently defined targets. A focused evaluation of each of the Company’s four leading projects to assess and rank development priorities will be undertaken.
KNP Cobalt Zone – Australia’s Premier Cobalt Resource
Containing 386,400 tonnes of contained cobalt metal, the KNP is Australia’s largest cobalt deposit. By this measure, it is more than three times larger than Australia’s second largest cobalt deposit. The newly-reported cobalt resource from the high-grade KNP Cobalt Zone – 65.7 Mt at 0.13% cobalt and 0.79% nickel – is a subset of the larger KNP resource, and this subset is by itself Australia’s fourth largest cobalt resource, containing 85,410 tonnes of cobalt metal. The KNP Cobalt Zone also has one of the highest cobalt grades in Australia.
Lewis Ponds Gold-Zinc Project
Bulk tonnage Exploration Target defined: Main Zone and Tom’s Zone JORC resource 6.6Mt at 1.5g/t gold and 2.4% zinc 1, strong potential to expand the tonnage, including untested up-dip surface oxide gold targets. Significant base metal-gold open-pit potential, with orogenic gold and base metal mineralisation defined which is very similar to other large deposits in the region, including Regis Resources McPhillamys 2.2Moz gold discovery located along structure 20km southeast.
9/3/17 Release - First diamond drill hole at Lewis Ponds has successfully intercepted over 50 m of massive, banded, and stringer zinc sulphide mineralisation. Drilling is ongoing.
Mt Zephyr Gold and Nickel Sulphide Project
Gale gold, associated with the domain boundary Celia Lineament, 273ppb gold in soils, 18m at 0.5g/t gold in RAB from surface to RAB refusal, no RC drilling of the central anomaly (700m x 100m RAB anomaly), geological setting comparable to the Dacian Gold Jupiter ‘syenite-hosted gold’ discovery located along structure 50km southeast. Jones Area A and B nickel sulphide, Mt Windarra ultramafic stratigraphy with discrete magnetic highs associated with ‘Silver Swan-style’ ultramafic channels, no previous RC drill testing or modern deep penetration ground and down-hole EM.
Bardoc Tectonic Zone and East Kalgoorlie Gold Projects
Big Four 6m at 8.6g/t gold historic drill-hole, open soil gold anomaly to south. Taurus 5m at 38g/t gold historic drill-hole, 50 ounces recent gold nugget discoveries.
