Gold Anomaly Quarterly Activities Report
Sydney, April 26, 2012 AEST (ABN Newswire) - Gold Anomaly Limited (
ASX:GOA) is pleased to provide a Quarterly Activities Report for the period ended 31 March 2012. Gold Anomaly is focussed on exploration at the potentially world class Crater Mountain gold project in PNG.
KEY POINTS
Crater Mountain - Papua New Guinea
- Nevera Prospect recognised as very large gold and base metal mineralised hydrothermal system with potential for multiple economic deposits, similar to the Wafi - Golpu project (Newcrest 50% Harmony 50%) which is mineralised hydrothermal system 200 km to the southeast (Newcrest 50% Harmony 50%).
- 3D modelling of Nevera Prospect drilling highlights high grade gold mineralisation within the Main Zone.
- Widespread propylitic and strong phyllic alteration related to potential porphyry copper-gold mineralisation at depth identified in drill core
- Late stage high-sulphidation mineralisation identified as source of high grade gold in the Artisanal Mining Zone, with potential for high gold grades to persist to depth
- Logistics completed to drill 1,800m targeted at testing the above two concepts
Croydon - Queensland
- Data review conclusions justify resumption of drilling at the A2 Zn-Ag-Sn-Cu polymetallic prospect
- 900m drilling identified at Jolly Tar gold prospect Fergusson Island - Papua New Guinea
- Successful applicant for Gameta project Fergusson Island ELA 1972
- Mining Warden's hearing successfully completed for ELA 1972
- Minister's approval awaited for ELA 1972
Corporate
- Placement raises $2.1m
- Share Purchase Plan and Options offers raises $1.3m
Events subsequent to end of the quarter
- Crater Mountain interest to increase to 90%
- Crater Mountain NEV 033 drilling commenced, planned as a +1,000m hole targeting interpreted copper-gold mineralised porphyry centred below NEV 020, currently at 500.10m depth.
To view the complete Gold Anomaly Quarterly Activities Report, please refer to the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-GOA-241382.pdf
Contact
Gold Anomaly Limited
T: +61-2-9241-4224
F: +61-2-9252-2335
WWW: www.goldanomaly.com.au
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