3D RESOURCES LIMITED - ASX: DDD

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Description

3D Resources Limited (3D Resources) is a minerals explorer targeting high value commodities (gold, copper, lead, zinc and nickel) and “future metals” (platinum, palladium, molybdenum, uranium and rare earth metals) in Western Australia. The Company’s projects are located in the Proterozoic Lamboo Complex of the East Kimberley, the Ashburton region of the Southwest Pilbara, the Paleoproterozoic Glengarry Basin, in the Peak Hill Goldfield and the highly prospective Archaean Cosmo Newbery area, in the Eastern Goldfields.

3D Resources represents a high risk – high reward investment with the potential for locating economic mineral deposits within all of these project areas that have received only moderate exploration in the past. One area, the Mt Angelo Porphyry in the east Kimberley, was last explored to any depth in the late 1960s with recorded diamond drill hole intercepts up to 152 m grading 0.54% Cu. This area can now be easily explored using modern deep drilling RC techniques and fully tested for its copper – gold – molybdenum – silver potential.

In addition, the Mt Agnes project in the Ashburton region of the southwest Pilbara, represents copper – gold mineralization occurring within a deformed quartz stockwork associated with magnetite and localised hematite alteration above a granodiorite intrusive. The mineralization represents a potential Iron Oxide Copper Gold (IOCG) deposit and as yet has not been drilled. Documented world class IOCG deposits include Ernest Henry in northwest Queensland, Cadia in eastern NSW and the mighty Olympic Dam deposit in South Australia.

The Company is actively expanding its exploration activities as tenements are being granted. The Company plans to compliment its exploration with innovative techniques such as deep seeking MAGLAG geochemistry as well as spectral identification and mapping of alteration assemblages potentially associated with economic mineralization.

The East Kimberley tenements include potential extensions (up to 50 km) to the Koongie Park volcanic stratigraphy hosting massive sulphide – copper and zinc deposits including Sandiego and Onedin currently being assessed by Anglo Australian Resources Ltd. In addition, 3D Resources have recently purchased a small VMS deposit – Mt Angelo North that contains ore-grade copper and zinc intercepts and occurs in the same geological setting as the Sandiego and Onedin deposits. Mt Angelo porphyry copper – molybdenum deposit represents a potential large low grade copper resource that has received little exploration since the 1970s.

A joint venture with Sally Malay Mining Ltd (SMY) has been signed over the McIntosh PGM (platinum group metals) – nickel – copper project in the East Kimberley. The project area includes a PGM mineralised chromitite horizon with a strike length of 10 km. 3D Resources has made a tenement application over the Tiger nickel prospect representing strongly anomalous MAGSTREAM Ni, Cu and Co values associated with an olivine gabbro/troctolite intrusive comparable with the host to the Sally Malay nickel-copper deposit approximately 80 km to the north.

The Cosmo Newbery Gold Project now covers an area in excess of 467 m2 within a highly prospective and under-explored Archaean greenstone belt, east of Laverton in the Eastern Goldfields. Cosmo Newbery has a history of high grade production (>1 oz/ton) from several mines including Cosmo, Wanda, Constance and Butterfly at the turn of the nineteenth century. The Company effectively controls over 40 km strike length of the greenstone belt that is prospective for gold and nickel mineralisation. A major magnetic anomaly and coincident gravity high within a poorly exposed Archaean greenstone belt at Wild Night Hill , south-east of Cosmo Newbery, has the potential for nickel, copper, PGE and possibly, uranium mineralisation. Wild Night Hill is interpreted to be underlain by a major mafic/ultramafic intrusive that is masked by a veneer of Permian tillites (~40 to 50m thick) and aeolian sands. The nearby Mt Venn prospect, explored in the early 1970’s, returned strongly anomalous copper and nickel values from gossanous rock chip samples.

Projects in the Glengarry and southwest Pilbara regions also have potential for gold and copper-gold mineralisation, respectively. The Mt Padbury Project in the Glengarry Basin has returned significant gold intercepts from historic RAB and RC drilling at the Beatty Park South prospect. The project area represents a potential exploration target in an area that has known economic gold deposits including Fortnum and Labouchere. The Mt Agnes copper-gold prospect was found in the early 20th century and was investigated by means of pitting and a small adit. The copper - gold mineralisation is associated with a deformed quartz stockwork in Paleoproterozoic metasediments underlain by a granodiorite batholith. The mineralization exhibits similarities to anIron Oxide Copper Gold style of mineralization that can occur as world class deposits. The 10km2 Mt Agnes tenement is located in a region that is being actively explored by other companies including Jackson Gold Limited.

All 3D Resources’ projects can be regarded as high priority in terms of exploration potential and will be progressively and comprehensively explored over the next few years. In addition, the Company will encourage potential Joint Ventures with major companies that can contribute significant funding for exploration.

Mine For

gold, copper, lead, zinc, nickel, platinum, palladium, molybdenum, uranium, rare earth metals

Location of operation(s)

Western Australia

Address

6th Floor, 189 St George's Terrace
PERTH, WA, AUSTRALIA

Phone

(61 8) 9320 5260

Email

Website

http://www.3dresources.com.au

Last Updated

13/04/2011