Sydney, Jan 31, 2012 (ABN Newswire) - Gold Anomaly Limited (
ASX:GOA) is pleased to provide a quarterly report for the period ended 31 December 2011.
KEY POINTS
Crater Mountain - Papua New Guinea
- Maiden inferred resource of 790,000 ounces gold defined at Crater Mountain
- Current drilling likely to increase resource
- Porphyry system confirmed at Nevera Prospect
- Very positive results from first 1000+ deep drill hole, NEV027:
- indicates potential for multiple major mineralisation events
- deepest level of gold mineralisation encountered to date
- assays return 1,046m @ 0.25g/t Au (no COG applied)
- gold mineralisation zone now extended 200m to south, and at depth by 500m
- strong base metal and silver mineralisation
- Second 1000m+ drill hole, NEV030, targeting 200m below NEV027 into porphyry
- Results from two holes targeting main zone reported:
- NEV024 intersects 160m @ 0.47g/t Au from 272m
- NEV025 intersects 98m @ 1.06 g/t Au from 246m
- Commencement of regional exploration at the Masi Creek and Nimi prospects
- Subsequent to the end of the quarter:
- increased interest in Crater Mountain to 80%
- NEV029 intersects extensive gold and copper mineralisation
Sao Chico - Brazil
- Agreement to sell project to TSX listed Kenai Resources Limited.
- High grade gold mineralisation encountered
Croydon - Queensland
- Exploration activities planned for three prospects in 2012
Corporate
- All resolutions passed at Annual General Meeting
- Spring Tree facility completed
- Subsequent to end of the quarter, a placement and SPP announced to raise a minimum of $4.1M
To view the complete Gold Anomaly Quarterly Report, please refer to the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-GOA-239201.pdf
ASX:GOA) is pleased to provide a quarterly report for the period ended 31 December 2011.KEY POINTS
Crater Mountain - Papua New Guinea
- Maiden inferred resource of 790,000 ounces gold defined at Crater Mountain
- Current drilling likely to increase resource
- Porphyry system confirmed at Nevera Prospect
- Very positive results from first 1000+ deep drill hole, NEV027:
- indicates potential for multiple major mineralisation events
- deepest level of gold mineralisation encountered to date
- assays return 1,046m @ 0.25g/t Au (no COG applied)
- gold mineralisation zone now extended 200m to south, and at depth by 500m
- strong base metal and silver mineralisation
- Second 1000m+ drill hole, NEV030, targeting 200m below NEV027 into porphyry
- Results from two holes targeting main zone reported:
- NEV024 intersects 160m @ 0.47g/t Au from 272m
- NEV025 intersects 98m @ 1.06 g/t Au from 246m
- Commencement of regional exploration at the Masi Creek and Nimi prospects
- Subsequent to the end of the quarter:
- increased interest in Crater Mountain to 80%
- NEV029 intersects extensive gold and copper mineralisation
Sao Chico - Brazil
- Agreement to sell project to TSX listed Kenai Resources Limited.
- High grade gold mineralisation encountered
Croydon - Queensland
- Exploration activities planned for three prospects in 2012
Corporate
- All resolutions passed at Annual General Meeting
- Spring Tree facility completed
- Subsequent to end of the quarter, a placement and SPP announced to raise a minimum of $4.1M
To view the complete Gold Anomaly Quarterly Report, please refer to the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-GOA-239201.pdf
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About Gold Anomaly Limited
Gold Anomaly Limited (ASX:GOA) is an ASX-listed junior company focussed on exploration and pre-development projects in Papua New Guinea. Based on the results to date and the experience of Peter Macnab, Gold Anomaly’s Director of Exploration, the company’s flagship project is the Crater Mountain gold project which has the potential to become a multi-million ounce gold deposit. This potential should be considered recognising that the potential quantity and grade is conceptual in nature, there has been insufficient exploration to define a Mineral Resource, and it is uncertain if further exploration will result in the determination of a Mineral Resource.
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