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COBAR CONSOLIDATED RESOURCES LIMITED - ASX: CCU
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Description
Cobar Consolidate Resources (CCR) is a Melbourne based explorer focussed on becoming a world scale silver producer.
It has 1,269 km2 of tenement interests on the western margin of the Cobar basin in western New South Wales. The Cobar mineral field is an attractive area for investment in mineral exploration and mining. It is characterized by high grade, long-life, multi-metal deposits, has good infrastructure, an experienced work force and a long-standing mining tradition.
The company’s most advanced opportunity is the Wonawinta project on EL6155 where it has earned a 70% interest from CBH Resources.
At Wonawinta, the company has an estimated 31M ounce inferred silver resource. Preliminary scoping studies have shown that Wonawinta is an economically attractive project based on mining a series of shallow open pits followed by cyanidation of the ore to produce silver bullion. Additional silver and lead can be recovered via a gravity concentrate.
The company’s other significant exploration prospect is at Gundaroo (CCR 100%). Gundaroo includes the Ridge and De Nardi prospects. At the Ridge, the company has intersected ore grade widths of shallow stratiform and deeper vein-related Zn-Pb-Ag-Cu mineralization. The De Nardi prospect includes an inferred resource of 2.7M ounces of silver.
CCR believes that its project areas have the potential to host major resources of Ag-Pb-Zn in Winduck Group sediments adjacent to the major Dusty Tank and Jackermaroo Faults.
Mine For
silver, lead, zinc
Location of operation(s)
New South Wales
Address
Level 4 , 448 St Kilda Road
MELBOURNE, VIC, AUSTRALIA
Phone
(03) 9866 8613
Website
Last Updated
26/04/2010
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.