| Announcement Date: | 2022-01-31 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Albion Resources Ltd. |
| Project name: | Lennard Shelf |
| Location: | Australia |
| Commodities: | Lead,Zinc |
| Highlight: | Drilling results incl. 23.5m @ 0.07% Pb, 1.97% Zn from 34.5m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Albion Resources Limited (“Albion” or the “Company”) is pleased to report promising assays results from the maiden drilling program at Pillara East, part of the Company’s 100% owned Lennard Shelf Zinc-Lead Project (the “Project”) in Fitzroy Crossing, southern Kimberley, Western Australia. The program involved drilling 15 NQ holes for a total of 1700m and sought to confirm and extend mineralisation identified in the historical EPP11 intercept, which produced 4.6m @ 5% Zn and 30.5% Pb from a vertical depth of 47m. Pleasingly, Albion intersected Zinc and Lead, in 14 out of 15 holes, extending the mineralisation beyond the original EPP11 intercept. Two styles of mineralisation were intercepted. The first is a tectonically controlled breccia developed in fault zones within platform facies carbonates. The mineralised breccia show limestone clasts rimmed by sphalerite, galena, marcasite, and occasional sparry calcite (Figure 1). The style of mineralisation is reminiscent of the Pillara deposit. The second style is high-angle vein and crackle breccia zones within platform and fore-reef facies carbonates. This mineralisation is generally higher in lead with only minor marcasite and calcite (Figure 2). This style of mineralisation is similar to that seen at several places along the Lennard Shelf including the Gap Creek Prospect. |
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