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4DS MEMORY LIMITED — Interim / Quarterly Report 2013
Jul 30, 2013
64258_rns_2013-07-30_b8576f97-0d38-4f71-a28c-9ae60322fc30.pdf
Interim / Quarterly Report
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FITZROY RESOURCES LTD
31 July 2013
ABN 43 145 590 110
Fast Facts - July 2013 Share Code ASX: FRY Shares on Issue 47 Million Options 11 Million Market Cap $1.9M @ $0.04c Cash at Bank $ 2.0M
Directors and Management Tom Henderson, Chairman Will Dix, Director Ric Vittino, Director
Projects Rookwood:
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70km NW of Rockhampton
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20km S of Marlborough Total area approx. 390km[2] 1.75Mt @ 1.7% Cu, 2.1% Zn, 8.5 g/t Ag Inferred JORC Resource
Glentanna:
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140km SW of Brisbane
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Total area approx. 75km[2] Greenfields Exploration Drilling identified low level Cu/Zn mineralisation
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Previous drilling intersected 12.3m @ 1.2% Cu and 8.9% Zn
Quarterly Report for the period ending 30 June 2013
Exploration
Rookwood Project (100% FRY)
Field work re-commenced during the June quarter with a rock chip sampling program completed over areas west and south of the Rookwood resource.
The program design was based on outcomes of the on-going desktop studies that have been reviewing the HELITEM data, magnetic and IP to identify additional areas that are prospective for VHMS mineralisation. The area selection was based on overlapping anomalous features and their proximity to structural complexities. In all 62 samples were taken from a variety of rock types and sent in for assay for a multi-element suite. The sampling areas are shown in Figure 1.
Analytical results for this work will be received during the September Quarter and follow up work based on these results planned accordingly.
It is expected geochemical sampling will lead to further narrowing of target areas for any future drilling programs.
Contact Details Perth Office Lvl 1, 35 Havelock Street West Perth WA 6005 Postal Address PO BOX 839 West Perth WA 6872 T +61 8 9481 7111 F +61 8 9320 7501 E [email protected]
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Figure 1 – Red boxes indicate the areas of sampling for the June 2013 sampling program.
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Glentanna Project (FRY 100%)
No work was completed at Glentanna during the quarter.
Corporate
In addition to planned exploration work on its tenements the company continues to focus on creating value from its resource assets and pursuing new opportunities in the resource sector, and has reviewed a number of local and international new business opportunities during the quarter.
ABOUT FITZROY :
Fitzroy Resources Ltd is an Australian based mineral exploration company, with two significantly underexplored Queensland base metals projects.
Fitzroy’s main focus is to rapidly evaluate the Rookwood project, containing the promising Develin Creek Resource (estimated 1.75Mt @1.7% Cu, 2.1% Zn, 8.5ppm Ag and 0.24ppm Au). Typical VHMS prospects such as Rookwood, often contain multiple ore systems, with Develin Creek the first system discovered to date in this terrain. Rookwood contains significant potential for the discovery of substantial copper/gold deposits beyond the existing resource.
The smaller Glentanna project, to the south, remains in the early exploration stages, with previous drilling suggesting strong potential. Focus on this project will include further first pass geophysics and drilling.
COMPETENT PERSONS STATEMENT :
The information in this document that relates to Mineral Resources has been compiled by Ms Fleur Muller. Ms Muller, who is a Member of the Australasian Institute of Mining and Metallurgy, is a full time employee of Geostat Services Pty Ltd and produced the Mineral Resource Estimate based on data and geological information supplied by Icon. Ms Muller has sufficient relevant experience to the style of mineralisation and type of deposit under consideration and to the activity that she is undertaking to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code. Ms Muller consents to the inclusion in this document of the matters based on her information in the form and context in which it appears.
The information in this document that relates to Exploration Results has been compiled by Mr William Dix. Mr Dix, who is a Member of the Australasian Institute of Mining and Metallurgy is a full time employee of the Company. Mr Dix has sufficient relevant experience to the style of mineralisation and type of deposit under consideration and to the activity that she is undertaking to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code. Mr Dix consents to the inclusion in this document of the matters based on his information in the form and context in which it appears.