Announcement Date: 2021-11-22
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Aeon Metals Ltd.
Project name: Walford Creek
Location: Australia
Commodities: Silver,Copper,Lead,Nickel,Zinc,Cobalt
Highlight: Drilling results incl. 61.0m @ 0.96% Cu, 0.16% Co, 0.31% Pb, 2.12% Zn, 620ppm Ni, 21.6g/t Ag from 26.0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Aeon Metals Limited (ASX: AML) (Aeon or the Company) is pleased to provide an update on the progress of 2021 field activities being undertaken on its Walford Creek Copper-Cobalt Project (Walford Creek Project) in north-west Queensland. On 30 June 2021, Aeon announced the completion of a Scoping Study on the Walford Creek Project which highlighted the potential to develop a long life, major mining project focussed on producing a portfolio of battery metals headed by copper and cobalt. This study formed the basis for directing the 2021 field program at the Walford Creek Project, identifying the following components as critical next steps in advancing toward completion of a Pre-Feasibility Study (PFS) under the new project configuration The metallurgical sample collection program was split between the Vardy and Marley zones, while the Amy zone was excluded (see Figure 1). The program commenced with a single, multi-purpose drill rig operating on double shift from 3 June 2021. A second rig was added on 18 September 2021. A total of 46 new drill holes have been completed, plus an additional diamond tail to a historic drill hole, during the 2021 drilling program. This represents a total of 8,951 metres of drilling.
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