Brisbane, Sep 5, 2008 AEST (ABN Newswire) - Kangaroo Metals Limited (ASX:KML), a diversified exploration and mining company with projects in North Queensland and Tasmania, has received and compiled the prospect-scale soil survey results and will commence diamond drilling at Antimony Reward.
Soil Surveys:
KML has completed a prospect-scale soil survey of 328 samples covering the previously explored area to the west and south of the historic workings. The results received from ALS, Townsville, are depicted above as 20 metre gridded data with 50m search range and IDW2 local estimates applied. The results indicate an anomalous zone trending to the south-west of an area identified by previous explorers, indicating possible extensions or replications of the historically mined zone. Additional soil survey programs will now be planned to seek to close off the south-west trend and explore an additional region to the north of the waterway identified from the preliminary geophysics images collected across the region.
Drilling:
KML will recommence drilling at Antimony Reward today. Following the significant results of the first round of drilling, the second round using reverse circulation was stopped short of the ore zone to enable diamond tails to be used to examine the geological controls of the ore body in more detail. Examination of the core is expected to take several months to complete.
"KML is extremely happy with the results achieved so far. The geochemistry and geophysics data on this site supports the original mineralization may be far bigger than first indicated. Further work is obviously needed to determine the full extent, but results so far indicate continuation of the program is warranted and will add value to the asset."
Contact
Dr Brett Teale
Managing Director
WEB: www.kangaroometals.com.au
TEL: +61-7-3161-0397
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