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Anax Metals (ASX:ANX) begins field exploration at Whim Creek

Mining
ASX:ANX      MCAP $14.78M
05 March 2021 12:20 (AEST)

Anax Metals (ANX) has begun field exploration at the Whim Creek Project in Western Australia.

Whim Creek lies roughly 120 kilometres southwest of Port Hedland and has a combined JORC 2012 resource of 6.9 million tonnes at 0.93 per cent copper and 1.83 per cent zinc.

Samples will be taken from geological targets identified via mapping and aerial imagery programs completed by GSWA.

Samples will also be collected from multiple deep-seated structures with historical aeromagnetic identifying geophysical anomalies along the structures.

An initial 3500 soil samples will be collected at 100 to 200 metre intervals over the Ridgeback, Rushalls and Kent Well prospects.

Ridgeback

The Ridgeback Prospect marks the intersection of structures consisting of surface cover where historical sampling identified anomalies spanning a strike of more than two kilometres.

Work will begin on the western area to test these anomalies.

Rushalls

Multiple historical soil sampling programs have been undertaken at Rushalls with consistent but undefined anomalism identified.

Previous sampling shows continuous elevated gold results with this new program planned to verify historical results and map structures.

Kent Well

Despite hosting geological and geophysical anomalies, no previous soil sampling has been conducted at Kent Well due to extensive cover.

Subject to results from this program, Anax will undertake follow-up geophysics and drilling programs.

Anax is down 3.03 per cent and shares are trading at 6.4 cents at 12:26 pm AEDT.

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