공지 • Apr 08
Bubalus Resources Limited Provides Update on Significant Gold and Antimony Anomalies At Crosbie North
Bubalus Resources Limited provided an update on exploration activities at its Crosbie North gold-antimony prospect in the heart of the Victorian goldfields. The granted Crosbie exploration licence (EL007144) is located 18 km from Agnico Eagle's Fosterville Gold Mine and 20 km from Mandalay Resource's Costerfield Gold Mine . Two key target areas and mineralisation styles have been defined within the Crosbie licence area. At Crosbie South, a drilling program will commence in late April to investigate an intrusion related gold system (IRGS) style of mineralisation, where chargeability anomalies and high grade surface rock chips have defined drill targets. At Crosbie North (the subject of this release), the Company is investigating gold and antimony mineralisation in folded and faulted metasediments of the Castlemaine Group, analogous to Fosterville. Data aggregation methods, In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated., Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. The assumptions used for any reporting of metal equivalent values should be clearly stated. For the purposes of reporting assay statistics referred to in the announcement, assays that reported less than detection limit were assigned values of half the detection limit. (only applied to gold), Relationship between mineralisation widths and intercept lengths, These relationships are particularly important in the reporting of Exploration Results., If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported., If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg 'down hole length, true width not known'). Not yet known., Diagrams, Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views. See diagrams in the body of this announcement., Balanced reporting, Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results., All available substantive and reliable data has been presented in tables and figures., Other substantive exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances., All meaningful and material data has been included in the announcement., Further work, The nature and scale of planned further, Further work, including review and, Criteria, JORC Code explanation, commentary, work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling). Diagrams clearly highlighting the areas of possible extensions, including the main extension of the licenses are located within the Victoria component of the LachlanOrogen, Lachlan Orogen, and the geological setting of the Lachlan O hydrogen.