Join our daily newsletter At The Bell to receive exclusive market insights
- High-grade intersections found at Vardy are expected to increase the resource volume, grade and confidence levels
- Full results of holes WFDH418 and WFDH419 are expected in the next four weeks
- Drilling at Walford Creek will now focus on resource definition within the Amy area and follow-up extensional testing to the west [of Amy]
Aeon Metals has received further strong assay results from infill drilling of current resource zones at the Vardy prospect.
Holes WFDH418 and WFDH419 both returned strong results that have consolidated the deep and previously under-drilled western end of the Vardy resource. These results are expected to increase the volume, grade and confidence levels of the resource estimate.
Hole WFDH419 was designed to close the southern extent of mineralisation and previous exploration showed that it still showed strong mineralisation.
The results returned are expected to add additional resource blocks and ultimately increase the volume and grade of the Vardy resource estimate within the area.
High results include 9 metres @ 1.65 per cent copper, 0.12 per cent cobalt and 12 g/t silver from 168 metres, and 24 metres @ 1.69 per cent copper, 0.20 per cent cobalt, 0.86 per cent zinc, 2.20 per cent lead and 41 g/t silver from 288 metres.
Hole WFDH418 was designed to capture mineralisation and increase the confidence of the resource blocks from inferred to indicated.
Significant results include 7 metres @ 0.78 per cent copper, 0.14 per cent cobalt and 11 g/t silver from 106 metres, and 13 metres @ 0.98 per cent copper, 0.07 per cent cobalt and 13 g/t silver from 219 metres.
Aeon Managing Director Hamish Collins is pleased with the results.
“The excellent results from the two holes drilled to consolidate the deeper western end of the Vardy resource are expected to increase volume, grade and confidence levels of the Vardy resource estimate within this area,” he said.
“The Walford Creek Project continues to deliver thick, high-grade intervals of a tenor that is exceptional, particularly with respect to cobalt content.”
These two infill holes form part of a completed 29 hole Vardy/Marley drilling program targeted at increasing the confidence of the resource estimates as well as collecting key metallurgical and geotechnical data for the ongoing feasibility study programs.
Full results are expected in the next four weeks.
Drilling at the overarching Walford Creek Project will now focus on resource definition within the Amy prospect area and follow-up extensional testing of the recent successful step-out drilling the west of Amy.
