Diamond and reverse circulation drilling has been continuing at Zamia’s Anthony molybdenum discovery north of Clermont in central Queensland.
Latest assay results from four diamond drill (DD) hole extensions and two new reverse circulation (RC) holes showed increased depth of sulphide molybdenum (Mo) mineralisation and high grade intersections of plus 1000 parts per million (ppm) Mo in the north, south and east of the deposit.
HIGHLIGHTS
- Following its extension, DD18 now has a 477 metre (m) continuous intersection assaying 572 ppm sulphide Mo including separate 116m, 14m, 6m and 4m intersections assaying above 1000ppm Mo
- RCD20 now has 607m averaging 341ppm sulphide Mo including 8m and 4m intersections above 1000ppm Mo
- RC59 assayed 738ppm oxide Mo for 84m from surface as well as 123m at 544ppm sulphide Mo including 906ppm Mo in the last 9m of the hole
- RCD51 assayed 695ppm Mo from surface to 102m in the oxide/partially oxidised zone and now has 192m at 369ppm sulphide Mo including 15m and 8m intersections above 1000ppm Mo
- RCD54 in the southern high grade zone now has 296m at 551ppm sulphide Mo including a 9m and four separate 4m intersections above 1000ppm Mo
- RC58 assayed 670ppm Mo for 93m in the oxide/partially oxidised zone from surface, including a 9m interval above 1000ppm Mo. In the sulphide zone there was 57m at 547ppm sulphide Mo including 9m and 3m intersections above 1000ppm Mo
- Overall exploration results support initial processing of 1000ppm sulphide Mo as mill feed based on a combination of the 1000ppm Mo zones and pre-concentration of lower grade Mo (400 - 500ppm) which surrounds these higher grade zones
- Initial acid based leaching tests of the near surface oxide molybdenum at Anthony has resulted in over 90% Mo extraction at two different laboratories
- Diamond and RC drilling are continuing at Anthony and its surrounding areas with the objective of extending the Anthony resource and to test for other porphyry deposits in the area
