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CENTRAL WEST GOLD NL - ASX: CWG
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Description
Central West Gold continues to explore for a wide variety of metals in various States as summarised below:
The initial twelve holes at Pulganbar northwest of Grafton yielded economic intersections of cobalt associated with copper and gold values. Seven recent holes have intersected wide sulphide rich intervals, but (Cu-Co-Au) assay results are not yet available.
Drilling at Mount Solitary intersected various zones of gold mineralisation (with a maximum 1 metre interval of 5.25g/t) and follow up drilling is planned.
Four exploratory holes drilled at Oberon to test geophysical and gold-base metal geochemical anomalies intersected previously unrecorded zones of mineralisation. While values were not of economic significance, follow up drilling of previously obtained high gold grades is now planned.
Seven RC holes (824m) at Mary Kathleen encountered significant but uneconomic uranium mineralisation. JV partner Goldsearch is currently undertaking geochemical and geophysical exploration to define both uranium and copper drill targets.
The field program at Ooloo started mid-July, with scintillometer measurements as well as stream sediment geochemistry and rock chip sampling carried out.
The current high price of tin has markedly increased the prospectivity of the Ottery deposit northwest of Glen Innes and drilling is scheduled to start as soon as a drilling rig becomes available.
Mine For
copper, cobalt, uranium, gold, tin
Location of operation(s)
New South Wales, South Australia, Queensland
Address
Level 4, 20 Loftus Street
SYDNEY, NSW, AUSTRALIA
Phone
02 9252 3699
Website
Last Updated
23/04/2010
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.
