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ATTILA RESOURCES LTD

ASX: AYA

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Description

Attila Resources Limited is an Australian based minerals exploration and development company that has secured options to acquire mining tenements located in the northern Perth Basin and the Paddington-Kalgoorlie-Kambalda gold belt.

Attila’s aim is to build a substantial company focusing on the exploration and development of mineral deposits. Whilst in the near term Attila will be focused on exploring and developing its Western Australian coal and gold assets, it will also actively pursue corporate opportunities, both domestically and internationally, to assist in achieving the Company’s growth objectives.

Talisker North Coal Project

Talisker North is a coal exploration project located in the northern Perth Basin. Coal analysis indicates thermal quality coals of Permian age, in a setting that correlates with the Irwin River and Collie Measures.

The project offers a ‘greenfield’ coal exploration opportunity with scope to infill and expand the distribution of the known coal-bearing strata, and potential to locate commercially attractive coal accumulation in thickened fault bounded positions along the western margin of the Darling Fault. No Mineral Resources have been outlined within the project area.

An initial exploration program would focus on geophysical surveys and aircore drilling. There is potential to define thermal coal resources within the project area.

Cotters Run Gold Project

The Cotters Run Gold Project comprises a three-block exploration licence E15/1120 that cover a known gold occurrence within the structural corridor of the strongly-mineralised St Ives-Junction Gold Belt (>8moz endowment). The 2.8km2 licence was granted on 21 January 2010. Previous exploration at Cotters Run by Billiton Australia and Acacia Resources during the period 1989 to 2003 delineated an area of gold soil anomalism at the Le Mans Prospect.

There appears to be a supergene component to the original RAB intercepts. The regional structural location, a local anticlinal closure immediately to the west of the Boulder-Lefroy Fault, indicates strong prospectivity in this structural environment. The greater St Ives-Junction area is well-recognised for the development of ‘blind’ gold lodes associated with flat-lying thrusts, and any near-surface gold occurrence within the Boulder-Lefroy corridor warrants detailed evaluation.

In addition local geological and sectional interpretation indicates that the existing RAB drilling grid may be orientated sub-parallel to the dip of the host mafic/ultramafic sequence and therefore has inadequately tested the original soil anomaly. The geometry of gold-bearing structures around the RAB intercepts remains to be determined.

Future exploration would require detailed helimag surveying to provide a rigorous structural interpretation in the project area. This would be followed by a specifically designed RAB drilling programme angled toward AMG east through the central portion of the Le Mans Au soil anomaly. Finally a series of diamond drilling holes will determine the orientation and nature of gold-bearing vein system. This will provide the necessary geological and structural host-rock information at depth to determine the most appropriate way to proceed with further exploration work.

Lefroy Gold Project

The Lefroy Gold Project comprises two exploration licence applications in an area 80km southeast of Kalgoorlie jointly known as the Lefroy Project. Attila has acquired an option to purchase these tenements, the details of which are set out in the Prospectus.

E15/1227 is an eight-block (23km2) licence covering a segment of greenstone terrain within the prospective Hogans Find structural zone located 19km east of Kambalda. E15/1228 is a 9 block (26km2) application a further 8km to the east that contains magnetic chert/BIF stratigraphy within the Mt Belches sedimentary sequence.

A review of previous exploration available from The Department of Mines and Petroleum (DMP) Open File reports shows that the tenement areas are lightly explored with partial surface geochemical coverage and no reported drilling on E15/1227 or E15/1228. Both tenements are considered to have greenfield gold prospectivity and E15/1227 has nickel sulphide exploration potential.

Mine For

coal, gold

Location of operation(s)

Western Australia

Australian Basins

Perth

Address

Se 23, 513 Hay St
SUBIACO, WA, Australia

Phone

(61 8) 6142 0989

Email

Website


Last Updated

17/5/2011

 

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.