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SIBURAN RESOURCES LTD - ASX: SBU
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
Siburan Resources established a portfolio of gold and uranium projects in the midst of the recent global financial crisis. This early strategic step has enabled the Company to assemble, at a reasonable cost, exploration projects offering sound potential. The Company's strategy is to identify and develop new deposits that significantly upgrade the value of its current projects.
GOLD PROJECTS
The Mt Pleasant Project is located approximately 35km north-northwest of Kalgoorlie in the Broad Arrow Mineral Field and some 555km east-northeast of Perth. The southern portion of the project can be accessed via the sealed Kalgoorlie-Meekatharra Highway and then west along the unsealed Black Flag-Ora Banda Road. The Mt Pleasant Project comprises 13 granted exploration licence and 2 prospecting licence applications comprising an aggregate area of some 16.19km2.
The Bonnievale Project is situated approximately 12km north of Coolgardie in the Coolgardie Mineral Field. Coolgardie is located 556km north east of Perth. The area can be accessed via the sealed Coolgardie Bonnievale road which passes through the project. The Bonnievale Project area covers a former mining centre with old workings and a battery from the early 1900s within the current project area. Some 25,000t of tailings sand was produced in the 1930s from gold ore processing. In 1988, Main Reef Gold Ltd and Kalgoorlie Resources undertook a small scale underground and open pit operation. The underground operation reportedly produced 147oz of gold from 350t grading 13g/t Au. The production figures for the open pit operation are not known.
The Kalgoorlie East Project covers two separate areas which are located 10km and 15km northeast of Kalgoorlie. Previous RAB drilling results:
North Limited - RP1671: 17@24ppb AU
North Limited - RP1675: 16@19ppb AU
The Windanya Project is located approximately 45km to 60km north-northwest of Kalgoorlie-Boulder which is approximately 600km north east of Perth. The Windanya Project comprises one granted prospecting licence and four prospecting licence applications with an aggregate area of some 6.65km2. The tenement overlies intensely sheared ultramafics and mafics, trending north-northwest. There is a granitic intrusion to the west of the tenement.
The Balgarri Project is located between 35km and 55km north of Coolgardie. Coolgardie is 570km east of Perth. The Balgarri Project comprises three prospecting licence applications with an aggregate area of some 4.88km2. The Tenements P16/2622 and P16/2623 are contiguous with the third tenement P16/2621 being located to the west of the other two. The Balgarri Project is situated within a northwest-southeast trending Archaean greenstone sequence. The basement geology is overlain and obscured by transported material and residual clay and sands. The greenstone sequence is comprised of ultrabasic, basaltic, gabbroic rocks, felsic and intermediate volcanics and minor black shales. The Zuleika shear zone is approximately 1km northeast of the project.
The Smithfield Project is located 30km north of Kalgoorlie and 8km east of Broad Arrow Township. The project can be accessed via the Kalgoorlie – Leonora Highway and the unsealed Broad Arrow to Mulgarrie road and from there by station tracks.
URANIUM PROJECTS
The Lake Marmion Uranium Project is located approximately 125km north of Kalgoorlie and 50 kilometres east of the township of Menzies. Menzies is 726km north east of Perth, Western Australia. The Lake Marmion Project comprises of exploration licence applications with an area of some 1700km2. The Lake Marmion East Uranium Project is located within the Archaean Yilgarn Craton of Western Australia. The geology and exploration potential is identical to that of the Goongarrie Uranium Project.
Mine For
gold, uranium
Location of operation(s)
Western Australia
Address
Suite 9, 18 Stirling Highway
NEDLANDS, WA, Australia
Phone
(61 8) 9386 3600
Website
Last Updated
29/04/2011
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.
