AI assistant
CRITICAL RESOURCES LIMITED — Capital/Financing Update 2011
Sep 27, 2011
64708_rns_2011-09-27_79697fa5-c9b6-4146-b562-087015bd2bf9.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
ASX Release 28th September 2011
==> picture [182 x 91] intentionally omitted <==
Early Success following Airborne Magnetic Survey
-
Arteries of vast gold-bearing fluid plumbing system revealed
-
New targets identified
Sovereign Gold Company Limited ACN 145 184 667
Confirmed:
- Large gold mineralised system
Level 2, 131 Macquarie Street Sydney NSW 2000 Tel: +61 2 9251 7177 Fax: +61 2 9251 7500
Contact Nick Raffan CEO
-
Gold conduits long, linear, deep tapping structures with potential for gold lodes like Martins Shaft extending several hundred metres vertically.
-
Potential for near surface major gold lodes and mineralised stocks at depth; gold deposits occur over kilometres of the main NE trending magnetic linear.
email: [email protected]
- Major areas of gold mineralisation associated with long conduits having channelled gold-bearing fluids.
Latest News
Directors / Officers John Dawkins AO Nick Raffan Michael Leu Peter Meers Jacob Rebek
ASX Symbol: SOC
Qualifying Statement
The information in this Report that relates to Exploration Information is based on information compiled by Michael Leu who is a member of the Australian Institute of Geoscientists.
Mr Leu is a qualified geologist and is a director of Sovereign Gold Company Limited.
Mr Leu has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity, which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of exploration Results, Mineral Resources and Ore Resources. Mr Leu consents to the inclusion in this announcement of the Exploration Information in the form and context in which it appears.
- Significant drill targets where major magnetic lineaments intersect.
Very detailed structural imaging has been analysed following Thomson Aviation’s Fixed Wing Geophysical Survey. This very detailed survey was flown at 60-metre elevation along 50 metre close spaced survey lines over 5,008 line kms.
Potential conduits for gold-bearing fluids have been identified - a system of kilometres of gold channelling conduits that define a gold mineralised system that extends at least 11km from north to south and 6.5km from east to west.
The geophysical survey has confirmed the connection of known gold mineralisation with the alteration structures that channelled and concentrated gold-bearing fluids. The magnetic data has revealed the existence of kilometres of untested gold potential. Martins Shaft, Little Gracie, Gracie, Wilsons Creek and the Goldsworth Mine are all located on major magnetic linears.
Details of area where the main north-south and north-east magnetic linears intersect clearly showing that these deep tapping conduits controlled deposition of gold-bearing fluids can be seen at Figure 2.
Interpretation of the magnetic and radiometric data is continuing together with geochemical surveys and mapping of alteration and structure.
The next drilling campaign is being planned.
For further information please contact:
Nick Raffan
CEO, Sovereign Gold Company Limited
Targets
The potential quantity and grade of exploration targets is conceptual in nature. There has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource.
Telephone: +61 2 9251 7177
ASX Release 28[th] September 2011 Page 2
==> picture [118 x 59] intentionally omitted <==
==> picture [409 x 615] intentionally omitted <==
Figure 1 – Processed Magnetic Data, 1[st] vertical derivative
ASX Release 28[th] September 2011 Page 3
==> picture [118 x 59] intentionally omitted <==
==> picture [456 x 336] intentionally omitted <==
Figure 2 – Magnetic linear intersections
ASX Release 28[th] September 2011 Page 4
==> picture [118 x 59] intentionally omitted <==
Old Bonanza Dyke
==> picture [312 x 56] intentionally omitted <==
==> picture [471 x 585] intentionally omitted <==
Sovereign Gold Armidale Tenements showing surveyed area with raw unprocessed magnetic data