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CUDECO LIMITED

ASX: CDU

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Description

CuDECO Ltd is an ASX 200 listed mining company that specialises in mineral exploration. In late 2005 the company purchased a mining tenement known as EPM 13049 which covers an area of some 2200 hectares. The EPM encompasses numerous old historical copper mines which have over the past 100 years produced exceptionally high grade copper ore and the company has been focusing on proving up this world class copper / Cobalt and Gold resource property which is now widely known around the globe as Rocklands.

In 2006 the company discovered a previously unknown zone of very high copper, cobalt and gold mineralisation which has a strike length today of over 1900 metres. This newly discovered high grade zone of mineralisation was named Las Minerale (Lost Minerals) In addition to the Las minerale project the company has additional projects which are incorporated and located in the immediate area of Las Minerale combined with an aggregate length of Copper mineralisation of approx 10 klms . The combination of drilling and exploration of these zones of mineralisation is being drilled is to define and measured and indicated resource for the Rocklands Group Copper Project.

The other main source of the drilling is being carried out within an area of 700m long x 500m wide and contains five subordinate shears that run sub-parallel to Las Minerale with a width of over 600m. This area is collectively known as "Rocklands Central" and incorporates three main zones known as Le Meridian, Central Rocklands and Southern Rocklands The project lies within the mining tenement EPM 13049 is collectively known as the “Rocklands Group Copper Project”.

Rocklands Group Copper Project

RESOURCE: Las Minerale (as of July 2006) 25 million tonnes @ 2% Cu equivalent, Rocklands Central & South (as of May 2006) 5.5 million tonnes @ 0.77% Cu. Drilling is under way to re-categorise the resource to Measured and Indicated over the Central strike length of the 1250m total strike length identified at July 2006. The strike length on Las Minerale is now 1600m.

Drilling is at 25m spacing and 25m step back. However due to the shortage of drill rigs a length of between 600-800m maybe re-categorised with the balance of the 1250m to be upgraded as drilling continues.

The EPM which covers some 2200ha has some 20km length of drill targets identified by geophysical survey, bedrock geochem and soil samples.

Mine For

copper, cobalt, gold, silver

Location of operation(s)

Queensland

Address

Unit 34, Brickworks Annex , 19 Brolga Ave
SOUTHPORT, QLD, AUSTRALIA

Phone

07 5503 1955

Email

Website


Last Updated

12/5/2011

 

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.