Andromeda Metals Ltd.: Wudinna Gold Camp Resource Jumps to 200,000 Ounces of Gold
23.01.2017 | ABN Newswire
Adelaide - Andromeda Metals Ltd. (ASX:ADN) resource estimates for the Baggy Green and White Tank deposits, located in the 100% owned Wudinna Gold Camp, have been completed with the assistance of consultant Mining Plus Pty Ltd.The Baggy Green Mineral Resource Estimate totals 1.56 million tonnes at 1.64g/t gold for 82,400 ounces at a 0.5g/t gold cut-off grade. The Resource is classified as Inferred.
The White Tank Mineral Resource Estimate totals 0.176 million tonnes at 1.92g/t gold for 10,900 ounces at a 0.5g/t gold cut-off grade. The Resource is classified as Inferred.
The total Wudinna Gold Camp Mineral Resource, including the Baggy Green, White Tank and Barns gold deposits, totals 3.84 million tonnes at 1.62g/t gold for 200,300 ounces using a 0.5g/t gold cut-off grade, comprised of 0.38 million tonnes at 1.40g/t gold for 17,000 ounces of Indicated Resource and 3.469 million tonnes at 1.64g/t gold for 183,300 ounces of Inferred Resources.
The three Wudinna Gold Camp deposits fall within 6km of each other and are shallow and potentially open-pitable.
Each of the deposits remain open and step-out drilling can add further resources, while other prospects in the Wudinna Gold Camp also show potential to contribute ounces.
Recent metallurgical testwork confirms gold recoveries exceeding 97% are achievable at Barns using a conventional flowsheet, with testing of Baggy Green mineralisation planned.
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About Andromeda Metals Ltd:
Andromeda Metals Ltd. (ASX:ADN) is an Australian Securities Exchange listed company focusing on mineral exploration for gold, copper and lithium deposits. The company has built a highly prospective exploration portfolio of projects covering 7,969 sq kms within 21 exploration licences located in South Australia, Queensland, Western Australia and the Northern Territory. Andromeda Metals was incorporated on 23 December 1993 and subsequently listed on the ASX on 11 September 1996. The company's head office is in Adelaide, South Australia.
Andromeda Metals' vision is to be a sustainable minerals exploration company providing shareholders with risk managed discovery, development and mining opportunities.
Contact:
Andromeda Metals Ltd.
Chris Drown Managing Director
Nick Harding Executive Director, Company Secretary
Tel: +61-8-8271-0600
Email: admin@andromet.com.au
www.andromet.com.au