Funding and Exploration Update
Sydney, June 30, 2015 AEST (ABN Newswire) - Zamia Metals Limited (
ASX:ZGM) are pleased to provide a company presentation and update regarding the commitment of exploration funding and exploration programme including drilling being planned.
Highlights:
- Zamia technical team and Doug Menzies (Corbett Menzies Cunliffe Pty Ltd - CMC) have completed the review of Belyando Gold Project (EPM 15145 Mazeppa Extended) and other Zamia copper-gold targets
- Confirmed the geological interpretation on the potential extension of the Belyando gold mineralisation along northwest strike, based on historic data and Zamia's recent drilling results
- Follow-up exploration programme to test Belyando gold extension and potentially hosting porphyry structure under way
- Other prioritised gold targets such as Mount McLaren (EPM 16524 Logan Creek) porphyry Cu-Au prospect and Big Red (EPM 17703 Disney) epithermal gold prospect to be drill-tested
- Two largest shareholders committed $800,000 initially for the above programme then further follow-up funds if needed later 2015 or early 2016
- Road show meetings with potential private and public companies are being planned
To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ZGM-865107.pdf
About Zamia Metals Limited
Zamia Metals Limited (ASX:ZGM) is an Australian mineral exploration company, targeting the Clermont district of central Queensland, a known gold and emerging porphyry mineral province. Numerous targets for gold, copper and molybdenum have been identified by geochemical and geophysical surveys. The Clermont district is highly prospective for gold, copper and other metals including molybdenum. The Belyando Gold Project is Zamia's flagship project – potentially a porphyry-style gold deposit including historic Belyando Gold Mine
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