West Guadalcanal Project Technical Review Complete
Brisbane, July 31, 2015 AEST (ABN Newswire) - Axiom Mining Limited (
ASX:AVQ) ('Axiom' or 'the Company') has completed a technical review of recent and historical work at its West Guadalcanal Project in Solomon Islands.
Axiom CEO Ryan Mount said, "With momentum accelerating on our Isabel Nickel Project towards mine development by the end of the year, it was timely to undertake a technical review of the West Guadalcanal Project.
"We interrogated our current datasets as well as historical works to provide a regional geological interpretation of merged datasets—this has helped us identify and rank prospects to provide focus for future exploration work."
The technical review was carried out over four regions that covered Axiom's key prospect areas—Taho, Polo and Mount Tanjilli.
All targets were ranked by evaluating the geology, geochemistry, geophysics data as well as access to the prospect areas and identification of relevant landowner groups.
Future work programs will utilise this ranking and target those areas most likely to deliver an economic deposit.
Significant drilling results
The 2014/15 West Guadalcanal Project drilling program was completed with a total of 2046.3m drilled in 12 holes.
As shown in Figure 1, drill holes HVDD010 and HVDD011 collared in East Taho were designed to test the down dip extension of anomalous mineralisation in a trench with significant results (23m at 0.95g/t Au and 21.7 g/t Ag) and target the porphyry 60m east of drill hole HVDD003.
HVDD011 was drilled 30m south of HVDD010 and reached a depth of 121.3m while HVDD010 was drilled to 162.6m—both holes reached final depth in the porphyry.
Drill holes HVDD010 and HVDD011 intersected mineralised breccias (5-10m true width) associated with sub-vertical arc-normal structures in proximity to diatreme breccia.
Grades of up to 7.85 g/t Au were intersected over 0.6m from the relatively shallow depth of 19.6m.
To view diagrams and tables, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-AVQ-869951.pdf
About Axiom Mining Limited
Axiom Mining Limited (ASX:AVQ) focuses on tapping into the resource potential within the ore-rich Pacific Rim. Through dedication to forging strong bonds and relationships with the local communities and governments where we operate, Axiom Mining has built a diversified portfolio of exploration tenements in the Asia-Pacific region. This includes a majority interest in part of the Isabel Nickel Project in the Solomon Islands and highly prospective gold, silver and copper tenements in Solomon Islands and North Queensland, Australia. Axiom Mining is listed on the ASX.
For more information on Axiom Mining, please visit www.axiom-mining.com
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