Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Marmota Energy finds more copper in South Australia  Join our daily free Newsletter

MENAFN - ProactiveInvestors - Australia - 19/11/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - ProactiveInvestors - Australia) Marmota Energy's (ASX: MEU) rock chip sampling at the Durkin copper-nickel prospect, within the Pundinya project in South Australia, shows the main target zone lies within a larger copper and nickel-incalcrete anomaly, previously defined, that extends for more than 5 kilometres.

Results are from several rock outcrop sites within the main target zone that extends for about 1.2 kilometres.

Grades of up to 2,050 parts per million (0.2%) copper, significantly higher than previously reported, have been returned, with multiple sites returning assays greater than 1,000 parts per million copper.

These results along with previously announced calcrete sample assays continue to strongly support the potential for copper-nickel mineralisation at Durkin.

A drilling proposal has already been submitted for regulatory approval.

Assays from rock chip samples also include nickel grades of up to 730 parts per million, significantly higher than the previously reported maximum nickel-in-calcrete and Niton readings.

Associated vectoring elements chromium and cobalt also returned maximum grades of up to 3,931 parts per million and 71.2 parts per million respectively.

The continued association of copper, nickel, cobalt and chromium is considered critical and a positive sign for the project as they are all very common in other copper-nickel projects of this type.

Further sampling is underway and will be concluded by mid-December.

Rock chip and calcrete sampling results will be used to develop a detailed geochemical anomaly map specific to the current target zone.

This will be combined with other datasets, including geophysics, to target priority areas for drill testing.


Gravity survey

A high resolution ground gravity survey has been completed over the Durkin prospect. The survey results define a large gravity high coincident with the copper and nickel-in-calcrete anomaly.

The gravity data will assist in mapping potential host intrusions and the sulphide bodies that usually have much higher densities than those of the surrounding rocks.

The resulting gravity anomalies will also be useful in defining the subsurface geometries of these bodies.


Exploration upside

Additional gravity anomalies east of the current defined target zone have also been identified.

These gravity features are also coincident with interpreted unique structural features identified from airborne magnetic data.

The design of the airborne electromagnetic survey has been altered to now include these additional areas which Marmota believes may also have potential for mineralisation.


Airborne electromagnetic survey

Fugro Geophysics has been contracted to fly a high resolution airborne electromagnetic survey over the northern half of the Pundinya tenement which hosts the Durkin prospect.

The survey acquisition is about 50% complete and is expected to be completed by the end of the week.

The survey is also expected to provide vital information relating to the potential depth extent and shape of any conductive features which may represent mineralised bodies.


Exploration plan

Marmota will continue to progress its exploration program at Durkin in preparation for drill testing of ranked targets, with the program to include:

- Completion of surface sampling program and laboratory analysis;
- Assessing and modelling of new gravity data;
- Completion of airborne electromagnetic survey survey, then processing and modelling of results;
- Compilation of surface sampling results to create a target zone specific geochemical anomaly map;
- Approvals for drilling by the regulator;
- Data and model results assessment for design of Stage 1 drilling program;
- Stage 1 reverse circulation drill testing of targets;
- Assessment of Stage 1 drilling results; and
- Result dependent follow-up Stage 2 drilling, diamond core holes.

 






  MENA News Headlines
Apr 23 2014Omantel launches service package for youth ,MENAFN
(MENAFN) Omantel announced launching 'Ozone' plan, a new package designed especially for the youth. This comes with the company"s constant efforts to enhance the communication needs of its customers, ...

Apr 23 2014Dh154 billion for Arabtec projects ,Khaleej Times
(MENAFN - Khaleej Times) Arabtec will spend dh140 billion on building one million low-cost houses in egypt and dh14 billion on five mixed-use residential projects in abu dhabi and dubai its chief ...

Apr 23 2014?Titli? makers excited about Cannes selection ,Khaleej Times
(MENAFN - Khaleej Times) The movie about the badlands of delhi?s dystopic underbelly will be in competition as part of the un certain regard section of the 67th cannes film gala to be held may ...

Apr 23 2014Saudi- Yaroub Bashraheel: In search of peace ... underwater ,Arab News
(MENAFN - Arab News) You've heard of diving snorkeling and other water activities but rarely has anyone heard of free-diving. it's a form of diving underwater without the aid of any breathing ...

Apr 23 2014Saudi- Schneider highlights intelligent health care solutions at forum ,Arab News
(MENAFN - Arab News) Schneider electric a global specialist in energy management is set to showcase its leadership in intelligent health care solutions at the second saudi forum for planning and ...

Apr 23 2014Saudi- Divorcees can seek housing ,Arab News
(MENAFN - Arab News) The kingdom will accept applications from saudi divorced women and widows for financial and housing support said justice minister muhammad al-issa.al-issa called on applicants ...

Apr 23 2014Saudi Savola Group revenue up 43 pct in Q1 ,MENAFN
(MENAFN) Saudi Arabia's Savola Group registered a 43 percent increase in profits in the first quarter, well over expectations of analysts, Arabian Business reported. According to a statement to ...

Apr 23 2014Saudi- New passport office opens at Red Sea Mall ,Arab News
(MENAFN - Arab News) The passport department has opened a new office for citizens and residents at the red sea mall.gen. abdul rahman bin abdullah al-tuwairki deputy director general of the ...

Apr 23 2014Kowait- Police deportation powers curbed ,Arab Times
(MENAFN - Arab Times) Kuwait city april 3 (afp): kuwaiti police will no longer be able to deport expatriates without interior ministry approval under new rules published thursday after officers ...

Apr 23 2014Kowait- Amiri Diwan urges all off tape case ,Arab Times
(MENAFN - Arab Times)  kuwait city april 9 (agencies): the amiri diwan has called on everybody to steer clear of the controversial tape issue and let the public prosecution take the necessary ...

Apr 23 2014Local international companies come out in force ,Khaleej Times
(MENAFN - Khaleej Times) Cityscape abu dhabi has started showing stronger interest from property developers who have showcased their upcoming projects. the three-day realty show was opened by ...

Apr 23 2014Dewa and GE explore collaboration opportunities ,Khaleej Times
(MENAFN - Khaleej Times) Saeed mohammed al tayer managing director and chief executive officer of the dubai electricity and water authority (dewa) recently received a ge delegation to explore ...

Apr 23 2014Kowait- New hospital to be ready by 2014 end ,Arab Times
(MENAFN - Arab Times) Kuwait city jan 14 (kuna): director of the 'mega projects 3' group at kuwait oil company (koc) yaqoub dashti said on tuesday that the new ahmadi hospital would be ready to ...

Apr 23 2014Tamouh steps up activity on projects ,Khaleej Times
(MENAFN - Khaleej Times) Abu dhabi-based real-estate developer tamouh has scaled up construction activity on all of its announced reem island projects to meet the rising demand for prime spaces in ...

Apr 23 2014Here?s your chance to share screen space with SRK ,Khaleej Times
(MENAFN - Khaleej Times) Groupon india has joined hands with srk?s red chillies entertainment to give fans a chance to feature with the superstar in his upcoming film ?happy new year?. if you ...

Apr 23 2014Saudi- Noha Al-Sharif — an expert in Islamic sculpture ,Arab News
(MENAFN - Arab News) Saudi sculptress noha al-sharif is known for her islamic inspired sculptures that reflect both religion and lifestyle. the concept of modern art attracted her to this medium ...

Apr 23 2014Saudi- ASUS showcases product series at Aramco Week ,Arab News
(MENAFN - Arab News) Asus described as the world's renowned consumer notebook vendor and producer of the 'world's best-selling motherboards" recently participated in aramco week and showcased a ...

Apr 23 2014Saudi- Five to die for 2003 attacks ,Arab News
(MENAFN - Arab News) A special criminal court on sunday convicted five people of terror related charges and sentenced them to death. thirty-seven others were sentenced to varying prison terms for ...

Apr 23 2014Qatar's Ezdan Holding buys 20 percent stake in Widam Food ,MENAFN
(MENAFN) Qatar-based Ezdan Holding Group said that it acquired a 20.16 percent stake in Widam Food Co. in a bid to promote investments and diversify its portfolio, The Peninsula Qatar ...

Apr 23 2014Kowait: 5938 illegal residents said 'rectified' status ,Arab Times
(MENAFN - Arab Times) Kuwait city april 5 (kuna): up to 5 938 illegal residents have modified their status since formation of the central agency for remedying illegal residents' status in 2011 ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help