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DREADNOUGHT RESOURCES LTD — Regulatory Filings 2011
May 5, 2011
64785_rns_2011-05-05_76c00a82-e1f6-47d4-bbe9-c748da9005a2.pdf
Regulatory Filings
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ASX Announcement
6 May 2011
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----- Start of picture text ----- M I N I N G----- End of picture text -----
The Manager Companies announcements Office australian Securities Exchange 20 Bridge Street SyDNEy NSW 2000
ERO Mining Limited aCN 119 031 864
Federal Government endorses mining and defence activities in the Woomera Prohibited Area
Potential for significant new exploration province in South Australia.
BILLA KALINA JV
Peeweena Dam
ERO Mining earning 50% under the terms of the Billa Kalina JV from Maximus Resources Ltd in EL 4463, ELAs 33/10, 78/10, 350/10 and 351/10, ERO Mining 100% in ELA 32/10
analysis of previous gravity survey data at Billa Kalina drew attention to a potentially significant single point gravity anomaly at Peeweena Dam, proximal to the western margin of ELa78/10. The anomalous point has amplitude of approximately 10 mgal and was originally recorded within a 6–7 km spaced gravity survey completed by the Bureau of Mineral Resources. Based upon nearby drilling, undertaken by ERO, the Company interprets the anomaly to lie adjacent to a major structurally controlled contact between archaean basement to the west and Proterozoic/Palaeozoic sediments to the east and believes it is prospective for iron oxide–copper–gold–uranium (IOCGU) mineralisation.
ERO Mining Limited (aSX:ERO) welcomes the Federal Government approval of mineral exploration and mining in certain zones of the Woomera Prohibited area (WPa) in South australia. The final report of the Government’s enquiry into mining and military activities in the WPa confirmed both can coexist in the area.
The WPa will be broken into zones indicated by days of exclusive use by the Department of Defence (Defence) (Figure 1). Time sharing will be introduced with the Defence having the right to ask explorers and miners to evacuate the sites for set periods. This will allow for campaign exploration and mining in those zones.
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ERO will work with Defence and PIRSa to ensure our portfolio of advanced applications for access to the WPa will be promptly expedited. None of ERO’s tenements lie in the Defence continuous use zone (red zone).
Shane Gale Chief Executive Officer
6 May 2011
62 Beulah Road Norwood South australia 5067 PO Box 3126 Norwood South australia 5067 Phone 61 8 8132 7970 Fax 61 8 8132 7999 Email [email protected] web www.eromining.com
ERO Mining Limited 1
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----- Start of picture text ----- South Australia Coober PedyWPAPROMINENT HILLEEEE (IOCG)- 30°PEEWEENA DAM OLYMPIC DAM(IOCGU)EEEE Andamooka Roxby Downs0 50 km WoomeraDefence Continuous Use Zone : 12 months exclusive accessDefence Periodic Use Zone 1 : 140 days exclusive access Exploration licence Gravity AnomalyDefence Periodic Use Zone 2 : 70 days exclusive access Town HighwayEEEE Major Mine RailwayDefence Infrequent Zone : Up to 56 days exclusive accessHighwayStuart134° 136°----- End of picture text -----
Figure 1 Location of Peeweena Dam Gravity Anomaly and IOCGU mines in relation to the Indicative Zoning of the Woomera Prohibited Area, May 2011.
Disclaimer
This document may contain forward looking statements that are subject to risk factors associated with the exploration and mining industry.
It is believed that the expectations reflected in these statements are reasonable, but they may be affected by variables which could cause actual results or trends to differ materially.
The information in this report that relates to Exploration Results, Mineral Resources and Ore Reserves is based on information compiled by Mr Stephen Hogan (who is a Member of the Australasian Institute of Mining and Metallurgy,). Mr Hogan is Exploration Manager of the Company and has sufficient experience that is relevant to the style of mineralisation and types of deposit under consideration and the activity 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 Reserves (the JORC Code). Mr Hogan consents to inclusion of the information in this report in the form and context in which it appears.
Media and investor relations contacts
Shane Gale ERO Mining t (08) 8132 7911, m 0459 128 252
Duncan Gordon adelaide Equity t (08) 8232 8800, m 0404 006 444
Kevin Skinner Field Public Relations t (08) 8234 9555, m 0414 822 631
Further information relating to ERO Mining Limited and its various exploration projects can be found on its website: www.eromining.com
2 ERO Mining Limited