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Wild Acre Metals close to maiden gold resource for Mt Ida projects  Join our daily free Newsletter

MENAFN - ProactiveInvestors - Australia - 21/01/2013

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(MENAFN - ProactiveInvestors - Australia) Wild Acre Metals (ASX: WAC) is in the process of estimating a maiden JORC Resource for its Quinns and Mt Ida South gold projects in the Eastern Goldfields of Western Australia.

To date, the company has completed 12,084 metres of drilling across 267 holes covering several prospects to define a resource inventory for these projects.

The resource estimation, which is being undertaken by independent geological consulting company CoxsRocks, will include the Boudie Rat, Forrest Belle, Quinn Hills, Spotted Dog and Tim's Find prospects.

Drilling completed at these prospects has extended previously known mineralisation at depth with mineralisation not currently closed off.

It is anticipated that this work will be completed in the coming weeks.

Importantly, there is still exploration upside remaining along almost 39 kilometres of the Ballard/Zuleika Shear, which to date has had modest exploration drilling.

Wild Acre Metals has planned a further reverse circulation drilling program to be completed at the Spotted Dog prospect, part of the Mt Ida South Project, for the June quarter.

Drilling is planned to test for the possible southern extension of high grade mineralisation intersected in previous drilling, including 20 metres at 1.73 grams per tonne (g/t) gold from 20 metres and 10 metres at 7.99g/t gold from 48 metres.

A corridor of about 550 metres along this horizon remains undrilled to the south.

The Spotted Dog prospect is located around 150 metres to the west of the Tim's Find prospect where gold mineralisation has been delineated for over a 1 kilometre strike length.

Wild Acre holds about 290 square kilometres of exploration acreage in the Mt Ida region covering some 43 kilometres of the Ballard Fault/Zuleika Shear.

 






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