SUMMIT RESOURCES LIMITED - ASX: SMM

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Description

Summit's exploration strategy has defined eight primary targets now ready for drill testing all of which have the potential to host large, world class, base and precious metal deposits.

Bronco Cu & Pb Zn Ag
Bronco North Cu Zn Pb Ag
Barkly Anomaly Cu Au
Pipeline Cu
Bonus Basin Cu Co
Gidya Ironstone Cu Zn Au
Kennedy Ironstone Cu Co Au
Gidya Flats Cu Au Co

Summit's project includes:

Northern strike extension of MIM's George Fisher and Hilton mines
Discovery of world class IOCG
Valhalla U Cu Au deposit
Exposed and drilled copper mineralisation in Bonus Basin
Roxby Downs and Ernest Henry style magnetic anomalies
Close proximity to world class base and precious metal deposits
Large tonnage multi metal targets in Proterozoic rocks
Dominant tenement position in 2 Western Fold Belt with 3600km tenement holding
Excellent access starting 20 kilometres north of Mount Isa city
Granted tenements with no Native Title issues
Drill targets ready to test
100% tenement title
Advanced cost effective exploration program

Summit has commenced over 10,000m of drilling costing in the order of A$2.0 million to drill test eight targets.

Mine For

uranium, vanadium, iron ore, phosphate, copper, gold, base metals

Location of operation(s)

Queensland

Address

Level 4, 502 Hay St
SUBIACO, WA, AUSTRALIA

Phone

(08) 9322 9100

Email

Website

http://www.summitresources.com.au/

Last Updated

17/1/2011