Location:
Australia, South Australia
Nearest Landmark:
CARRAPATEENA
Distance from Landmark:
25 km
Direction from Landmark:
South
Latitude:
N/A
Longitude:
N/A
Monax Mining announced its 2010 drilling program across four South Australian projects. The drill program roll-outs include new work at Monax’s Punt Hill copper-gold project south of Olympic Dam, and maiden drilling at the Melton project on the Yorke Peninsula, plus new drilling programs at Waddikee manganese project on the Eyre Peninsula and at the base metals and gold project near Pardana on Kangaroo Island.
Monax Mining Limited announce the completion of a detailed infill gravity survey on the Punt Hill Iron-Oxide Copper-Gold Project, which has delineated further high priority targets. Preliminary data shows two prominent gravity targets. Data analysis has commenced and drilling planned for 1st quarter 2010. Punt Hill is located approximately 25km south of Carrapateena, South Australia.
Announced that assay results have been received from drill targets tested. Highlights from drill hole GHDD6 (736348mE, 6505053mN), which tested the IP target, include:
• 159m @ 0.47% Cu, 5.3g/t Ag, 0.12g/t Au, 0.48% Zn & 0.12% Pb (from 846m to 1,005m)
o including 17m @ 1.1% Cu, 1.2% Zn & 8.5g/t Ag (from 853m to 870m)
Advanced or Above