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EXTERRA RESOURCES LIMITED

ASX: EXC

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

Exterra Resources Limited is an Australian mineral exploration company established to deliver shareholder value by identifying, acquiring and developing mineral projects that possess the potential for early cashflow and growth.

Linden Project

The linden Project comprises the majority of the historic Linden Goldfield, which produced over 34,500 ounces of gold from a number of small high grade mines. Exterra’s initial focus will be on the Second Fortune prospect where there is potential to develop a high grade underground operation.

* Second Fortune prospect contains a JORC Code Compliant Resource of 207,000 Tonnes @ 7.9 g/t Au for 52,270 ozs. over 400m of strike and to 250m in depth.
* Second Fortune vein strikes over 600 and is open down plunge below 250m.
* Diamond drilling by Exterra early 2011, with 5 holes completed (1,075m), intersected the Second Fortune mineralisation and confirmed the grade and location of the vein system with results including 0.3m @ 46.9 g/t Au, 0.6m @ 24.8 g/t Au, 0.7m @ 44.6 g/t Au.
* Second Fortune gold mine with historic production. and infrastructure including shaft, camp, offices, water and power supply.
* Granted Mining Leases.
* Near term mine development potential with toll treatment opportunities.
* Reconnaissance RC drilling by Exterra during 2010 at Linden, covering a broad area, targeting structural/geological sites or old workings reported results including 1m @ 37.1 g/t Au, 1m @ 97.4 g/t Au, 11m @ 6.7 g/t Au, 8m @ 9.5 g/t Au (from 89 drill holes, total 5,418m), which highlights the potential of the area, particularly as very little work has been done on the project in the last 10 years.

Egerton Project

The Egerton Project is a structurally complex but very high grade Proterozoic mesothermal gold system with the Hibernian prospect mined historically and containing a JORC Resource of 23,800 ounces of gold. The Hibernian prospect has the potential to be developed into a high grade underground mine.

* Hibernian prospect contains a JORC compliant resource of 116,400 T @ 6.4 g/t Au for 23,811 ozs.
* High grade intercepts within Hibernian resource include 2m @ 147.0 g/t Au, 5m @ 78.90 g/t Au and 5m @ 96.7 g/t Au in quartz veins.
* Deposit only shallowly tested to 70 metres below surface, with potential for additional resources in repeated shoots below this level and along strike.
* Hibernian Shear Zone over 15km in length and sparsely tested.

Zelica Project

Metallurgical test work in 2006 indicated that recoveries in excess of 90% could be obtained by vat leaching, with fast leach times and low reagent consumption.. Plans were made to establish a 600,000 tpa Vat Leach operation, however the project was not commissioned. Three vat ponds were built and remain on site for potential use.

* JORC Code Compliant Resource of 1.2 million tonnes @ 2.22 g/t Au for 85,700 ozs
* The deepest mineralised intercepts are around 65 metres below surface and the structure appears to be open at depth.
* Metallurgical test work indicates that recoveries in excess of 90% could be achieved by vat leaching.
* Vat leach ponds have been developed on site but not commissioned.

Giant Well Project

* 48 km2 of tenement holding as a granted exploration licence.
* Mineralised shear zone exceeding 500m identified at Cow Bell Dig prospect.
* Potential for further discoveries.

The project is located within the Murrin greenstone belt adjacent to the Keith-Kilkenny and Celia Tectonic Zones.

A mineralised shear zone has been identified by RAB drilling and incorporates the Cow Bell Dig prospect (500m strike) and continues to the north and south under alluvial and colluvial cover. Better results include 7m @ 3.91 g/t Au from 45m, 3m @ 11.4 g/t Au from 21m, 4m @ 2.23 g/t Au from 29m. For a full list of significant results from historical drilling at Giant Well.

Mine For

gold, molybdenum, silver

Location of operation(s)

Western Australia

Address

23 Altona St
SYDNEY, NSW, Australia

Phone

08 9317 9700

Email

Website


Last Updated

3/8/2011

 

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.