- Anax Metals (ANX) outlines two base metal targets at the Whim Creek copper-zinc project in Western Australia
- The Manhattan and Federal prospects were historically defined from soil geochemistry, mapping and survey work but were never properly drill tested
- Anax has conducted soil sampling to verify their historical base metal anomalism and is waiting on results
- Managing Director, Geoff Laing, says the targets are encouraging and clearly show the potential to grow the base metal resources at Whim Creek prospect
- Company shares ended the day 4.08 per cent in the red to close at 9.4 cents
Anax Metals (ANX) has highlighted two large-scale, base metal targets at the Whim Creek copper-zinc project in the West Pilbara region of Western Australia
The company conducted resource definition drilling, which outlined the Manhattan and Federal City prospects within one kilometre of the Whim Creek open pit.
These prospects were historically defined from soil geochemistry, geological mapping and geophysical surveys but weren’t adequately drill tested.
Geological mapping at the Manhattan prospect identified ‘ore horizon’ lithologies that coincided with highly anomalous base metal soil geochemistry, including 120 parts per million (ppm) copper, 225ppm zinc and 440ppm lead.
Two separate historical soil geochemical surveys over the Federal prospect have also confirmed highly anomalous copper-lead-zinc-silver values.
Managing Director, Geoff Laing, said discovering these targets was very encouraging.
“These near-mine targets are very encouraging and clearly demonstrate the potential to grow the defined base metal resources at Whim Creek project, which contribute significantly to the recent scoping study,” he said.
“While updates to the scoping study continue, we will work in parallel to test the potential of these near-mine targets with the aim to extend the project’s resource base to feed directly into any development scenario.”
Anax completed soil sampling at the two targets to verify historical anomalism and results are pending. This will be followed up with rock chip sampling and drilling.
Company shares ended the day 4.08 per cent in the red to close at 9.4 cents.