Quarterly Activities Report
Sydney, Oct 31, 2012 AEST (ABN Newswire) - Gold Anomaly Limited (
ASX:GOA) announce the Quarterly Activities Report with the following key points:
Crater Mountain - Papua New Guinea
- Porphyry copper-gold mineralisation confirmed by independent petrological review
- Positive metallurgical results from "Mixing Zone" at Nevera
- Plans progressing for detailed airborne geophysics over Crater Mountain tenements in 2012/ 2013
Croydon - Queensland Polymetallic Project
- Plan to drill coincident gravity-IP chargeability anomaly at the G1 prospect in the December quarter 2012
- Target is west of high grade epigenetic Zn-Ag-Sn-Cu-Pb mineralisation at the A2 prospect and possibly the "source" intrusive
Jolly Tar Prospect
- High visual graphite content reported - over 50% graphite in drill hole widths >10 meters in holes drilled for gold
- Graphite in 53 of 59 drill holes along strike for ~800 metres
- East of a strong persistent 900m+ long gradient array IP anomaly that has yet to be drill tested
Golden Gate Graphite Project
- Near surface graphite mineralisation was drilled in the 1980's and confirmed by further drilling in the 1990's at "Golden Gate"
- Strong graphite exceeding 7.5 meters in thickness has been outlined near surface over a large area by historic drilling
- Agreement to acquire EPMA 18616 to consolidate all the known extent of the graphite deposit
Cornerstone Investor
- Freefire Technology Limited provides capital injection
BACKGROUND
The flagship Crater Mountain gold project is located in the Eastern Highlands of PNG near the eastern end of the New Guinea Orogen geological province, which hosts a number of world-class copper-gold deposits. Exploration is focused principally at the Nevera Prospect, one of four prospects identified within the Company's licences, which has the potential to host substantial (potential multimillion ounce*) gold deposits, and was considered a tier-1 (best prospectivity) asset by previous owner BHP.
To View the full Quarterly Report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-GOA-703803.pdf
Contact
Gold Anomaly Limited
T: +61-2-9241-4224
F: +61-2-9252-2335
WWW: www.goldanomaly.com.au
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