Victory West updates C. Sulawesi molybdenum trenching results
Monday, November 23 2009 - 02:18 AM WIB
The latest assay results from ongoing contour trenching at Anomaly B show the molybdenum-in-bedrock anomaly extends over 1.2km in continuous strike length, the company said.
Several broad zones of continuous molybdenum mineralisation have been recorded, with highlights including: 540m @ 580ppm Mo, including 70m @ 1300ppm Mo in trench 800RL; 660m ~ 400ppm Mo in trench 750RL and 130m @ 736ppm Mo including 35m @ 1194ppm Mo in trench 850RL, it said
Trenching to date has focussed on the north western side of Angkadoat Creek, where the trenches have returned broad continuous zones of anomalous molybdenum. Three lines have now been excavated on the south eastern side of Angkadoat Creek, with the majority of assay results still pending.
Trenching is expected to continue in this area, particularly the extension of the 750RL-C trench, with the aim of defining a continuous molybdenum-in-bedrock anomaly stretching over 2km in length and up to 350m wide.
A 3-dimensional DODD induced polarisation (IP) survey has been planned over the Anomaly B prospect area and is due to begin by the end of 2009. The survey is expected to take up to 60 days. Establishment of the survey grid is well advanced, with approximately half of the grid lines cut to date.
The IP survey will be undertaken over an area of 3.2km x 2.6km and provide high resolution geophysical data down to approximately 400m vertical depth. The survey has been designed to cover the main zone of molybdenum mineralisation defined by soil and bedrock geochemistry at Anomaly B.
It is expected this survey will generate high-quality targets which will be tested by diamond drilling during 2010, it added. (denny)