ETHAN MINERALS LTD - ASX: ETH

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Description

Ethan Minerals Limited ("Ethan") is based in Perth, Western Australia and is a public listed company with a focus on being a mineral commodity explorer and developer.

We are highly committed to creating value for Ethan's shareholders and the communities in which our company operates, through the development of world class assets in a safe and environmentally accountable manner.

Ethan has a wide-ranging view on selecting commodities and although initial assets are predominantly base metal rich, Ethan will not overlook industrial and energy mineral projects which are able to offer a potentially rapid return on investment. Each project offered to Ethan will be assessed on its merits as a standalone project.

Gold Tiger Project, Indonesia

The Gold Tiger project is located in the province of Central Kalimantan, on the island of Borneo Indonesia. The project consists of five (5) mineral concession licenses in the Pujon area, of the Kapuas Tengah district within the Kapuas regency of Central Kalimantan province. Based on previous exploration programs and geotechnical studies, the project purports to contain wide spread, alluvial and primary hard rock gold mineralization. Within the project a discrete delineated alluvial project, containing a calculated gold reserve of 631,747 oz is reported.

Gunung Mas Project, Indonesia

The Gunung Mas Project lies in central Kalimantan near the Company’s Gold Tiger Project. The geology comprises andesitic intrusive, with metamorphic lying to the south. A large tonalite intrusive has intruded the entire package. Gold mineralization is known along the contract between the tonalite and the metamorphic. This appears to be a stockwork style, with individual veins ranging from 5cm to 1m in width. Sulphides are not noted as a major constituent of the mineralization located to date. Alluvial gold occurrences are also known to occur in active drainage to the south of the bedrock mineralisation.

Kapumba Project, Africa

Kapumba is located in Central Zambia, approximately 80 kilometres east of Kawbe and is close to the Great North Road, the main artery for road transport infrastructure. The project has been in production for the past 50 years and is currently operating at a rate of approximately 650,000MT of manganese ore annually. The operation is an open cut mine with a run of grades which are typically above 50% and as high as 61% Mn.

Several occurrences of graphite and manganese are reported from the project area, notably the Kapumba manganese mine, with reported historical production of approximately 3 million MT of manganese ore grading above 50% Mn. The ore is closely associated with lenticular bodies of dolomite limestone, which form part of the tightly folded schists of the Lower Divison of the Basement Complex.

The deposits are believed to have been formed through the oxidation of primary manganese-bearing minerals, which are found as veins cutting across the calcareous rock. The manganese ore bodies occur over a distance of 2.5 kilometres along the top of the Kapmuba Hills, and form a residual capping over strongly folded manganiferous dolomites, intercalated with schists, gneisses and quartzite. The manganese content of the ore varies from 38% to 61% Mn. The true thickness reach is a maximum of 30 metres.

Mufweshi Project, Africa

The Mufweshi project is located in the Kasempa district of the North-western Province of Zambia, Kasempa Boma is the nearest town and is situated 180km from Solwezi and approximately 260km west of Kalulushi via a gravel road. The project area is roughly centered at 26’24’54’’ longitude and 13’15’18’’ latitude.

Recent exploration work by the Geological Survey Department of Zambia within the 40Ha small mining concession area ‘alone’ has been of great interest with rock chip and grab samples (21) taken from oxide material in a small active mining excavation returning significant Gold and Copper values ranging up 24.9% Cu and 46.5grm Au.

Mkushi Project, Africa

The Mkushi area is approximately 77km2 and encompasses five known manganese prospects which are located 20km from existing infrastructure including a railway loading station that runs to the port of Dar Es Salaam. Arrangements are being made with port authorities of Dar Es Salaam to receive shipment of manganese ore.

Northampton, Western Australia

This project is comprised of seven Queen Victoria Crown Grants as well as exploration licences E66/56, E66/64, E66/53 and E66/73. QVCGs are privately owned areas of land that were granted during Queen Victoria’s reign in the 1800’s and the minerals rights are alienated from the Crown.

Ethan’s entire land holding has good access from the North West Coastal Highway, the Northampton to Port Gregory Road and the Kalbarri to North West Coastal Highway and by well maintained gravel roads and tracks to the prospects. Ravensgate have researched and compiled extensive notes on the Northampton project which are summarised in the following sections.

Western Australia’s first mining operations were undertaken based on the lead-silver and copper, vein-type deposits in the Northampton Complex with more than 100 deposits worked between 1850 and 1973 in the three main centres of Northampton, Galena and Narra Tarra. The overall historical production is conservatively estimated at 77,000 tonnes lead, 4,268 tonnes copper, 42.3 tonnes zinc and 212.3kg silver.

Mine For

copper, lead, silver, zinc, manganese

Location of operation(s)

Indonesia, Zambia, Western Australia

Address

Suite 24, 443 Albany Hwy
VICTORIA PARK, WA, Australia

Phone

+618 9472 5502

Email

Website

http://www.ethanminerals.com.au/

Last Updated

12/04/2011