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AURORA MINERALS LIMITED

ASX: ARM

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

Aurora Minerals Limited ( ASXcode: ARM) is an Australian based minerals exploration company with a large porfolio of highly prospective projects for manganese, copper-lead-zinc, gold, uranium, nickel, PGE and iron ore located in the mineral- rich state of Western Australia.

Capricorn Base Metals and Hard Rock Uranium Project

Capricorn Project GeologyThe Capricorn Project is located along the northern margin of the western Bangemall Basin in the Ashburton region of Western Australia. It covers the northern side of the mid-Proterozoic aged Bangemall Basin and includes 150km strike of the major Talga Fault, recently identified by the Geological Survey of Western Australia, and a further 80km strike of interpreted extensions to the southeast. The Talga Fault separates shallow dipping rocks of the Pingandy Shelf to the north and the more steeply dipping compressed and folded sedimentary rocks of the Edmund Ford Belt to the south.

Capricorn SouthEast-Manganese and Base Metals

Aurora’s large Capricorn Southeast Project is located in the southern Pilbara Region of central Western Australia. The manganese potential mineralized horizons strike for about 95kms along the southern margin of one of a series of sub-basins comprising the northwestern arm of the mid-Proterozoic aged Bangemall Basin. The area has been sub-divided into West-Of-Road, East-Of-Road, Far East and Even-Further-East Areas for prospecting purposes.

Capricorn Project General Prospecting Areas

Regional scale exploration by the Geological Survey of Western Australia (GSWA) had identified anomalous manganese values in stream sediment samples over a 30km strike and this led Aurora to explore this rugged part of the Bangemall Basin. Reconnaissance prospecting by Aurora to investigate these anomalous manganese stream sediment values discovered significant zones of outcropping manganese mineralization with rock-chip samples assaying up to 56% Mn. Aurora commenced drilling in 2010 confirming several intersections of high grade manganese over 40% Mn plus multiple intersections of significant manganese above 15% Mn. Multiple follow up drilling programs are planned. The Company has also flown a detailed EM/Magnetic survey yielding a large amount of targets to be assessed for follow up drilling.

Camel Hills Project-Joint Venture with Desert Energy

The Camel Hills Project covers part of the northwest margin of the Archaean Yilgarn Block and adjacent Errabiddy Shear Zone. Previous exploration has been limited to reconnaissance sampling for magnetite-iron, gold and copper-nickel which has yielded numerous anomalies and targets for follow-up and possible drill-testing.

Prospecting and rock-chip sampling by Desert’s geological team in the southwest of the project area have discovered a previously unknown ultramafic complex, the Far West prospect, cropping out intermittently over an area of 9km2, with surface rock-chip samples up to maximum values of 5.2% Cr, 4260ppm Ni, 818ppm Cu and 1920ppm Zn, with anomalous Pt and Pd (29ppb and 14ppb respectively). Follow-up soil sampling is in progress.

A discrete airborne-magnetic high located only 9km to the east in an area of alluvial cover, suggests the presence of a second complex Eight other similar airborne-magnetic anomalies and mapped ultramafic bodies occur within the Camel Hills project; none of which are known to have been drill tested. The program of prospecting and rock-chip sampling, with follow-up soil sampling, is continuing. Drill testing of identified mineralisation is then planned.

The historic Byro East Cu-Ni prospect lies 7km south of Far West, outside the Camel Hills Project. Reported drilling results are 13.7m at 1.2% Ni, and 67m at 0.7% Cu, 0.3% Ni, from the weathered (saprolite) zone.

Glenburgh Project – Uranium-Copper-Gold Project

* Four major mineralized shear zones highly anomalous in U, base metals and gold, intersect in Aurora’s 1266 km2 project
* Magnetics-radiometrics Survey designed to delineate targets for Mary Kathleen uranium and Ernest Henry copper –gold – style deposits
* Geological similarities to Cloncurry District, Mt Isa Inlier in Queensland
* Drill targets to follow

Mine For

manganese, copper, lead, zinc, gold, uranium, nickel, iron ore, platinum group elements

Location of operation(s)

Western Australia

Address

271 Great Eastern Highway
BELMONT, WA, AUSTRALIA

Phone

+61+ 8 63654817

Email

Website


Last Updated

26/04/2011

 

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.