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CHRYSALIS RESOURCES LIMITED - ASX: CYS
The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.
Description
Chrysalis has secured the right to acquire a portfolio of West Australian exploration projects that are considered prospective for Gold, Iron Ore, Uranium and Nickel.
* Two gold projects (Pioneer and Sheeza), including five granted tenements and eleven applications, which are located in proven gold mining regions in Norseman (The Dundas Mineral Field) and Kalgoorlie (Broad Arrow Mineral Field). These projects contain defined gold targets that are drill ready.
* Two iron ore projects (West Angelas and Isabella North) containing three tenement applications, with both projects located within the Pilbrara region of Western Australia. West Angelas is located approximately 135 kilometres west of the town of Newman and Isabella North approximately 275 kilometres east south east of Port Headland.
* One uranium project (Gregory Isabella) containing three tenement applications, located in the Gregory Ranges on the eastern margin of the Pilbara Craton 250km north east of the town of Newman. Geological similarities with the Alligator Rivers region in the Northern Territory and the presence of a significant, unexplained radiometric anomaly suggest more rigorous exploration is required.
* One nickel project (Windarra) containing two tenement applications, located immediately south of the Windarra South nickel mine. Previous exploration focused on gold and has not taken advantage of the potential nickel sulphide mineralisation.
In general, the project locations are near developed infrastructure and have the potential to offer the Company significant cost savings and reduced lead-time benefits if exploited.
Mine For
gold, iron ore, uranium, nickel
Location of operation(s)
Western Australia
Address
Churchill Court , Suite 9 , 232 Churchill Avenue
SUBIACO, WA, AUSTRALIA
Phone
(08) 9388 3802
Website
http://www.chrysalisresources.com.au
Last Updated
14/1/2011
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.
