AI assistant
ELEMENT 25 LIMITED — Regulatory Filings 2011
Jan 12, 2011
64810_rns_2011-01-12_cea2b295-dbfc-4877-b7ea-220df9422d5f.pdf
Regulatory Filings
Open in viewerOpens in your device viewer
ASX RELEASE
13 January 2011
ASX CODE: MZM ISSUED SHARES: 43.03M 52 WEEK HIGH: $0.95 52 WEEK LOW: $0.18
CONTACT:
JUSTIN BROWN Managing Director +61 438 745 675
BOARD:
Denis O’Meara: Chairman Justin Brown: MD John Ribbons: Non-Exec
KEY PROJECTS:
PEAK HILL (85-100%) Gold
DURACK (earning 85%) Gold, Copper
BUTCHERBIRD (100%) Manganese, Copper
MT PADBURY (100% of gold) Gold, Manganese, Iron
==> picture [172 x 22] intentionally omitted <==
KEY SHARE POSITIONS:
AUVEX RESOURCES LTD 7,500,000 FPO Shares
BUXTON RESOURCES LTD 3,010,000 FPO Shares
YANNERI RIDGE RESOURCE DRILL-OUT RESULTS
-
Assay results received and compiled for the Yanneri Ridge maiden resource drill-out programme.
-
Best results include: 10BB223 23m @ 11.39% Mn from 3m 10BB245 18m @ 11.25% Mn from 8m 10BB320 18m @ 12.18% Mn from 0m (incl. 3m @ 15.47% Mn)
-
10BB339 20m @ 13.37% Mn from 1m (incl. 8m @ 17.06% Mn)
-
All assay and supporting data has been supplied to Snowden’s who are undertaking the maiden resource calculation for Yanneri Ridge.
The Company is pleased to advise that assays have now been received for the recently completed RC drillout of the Yanneri Ridge manganese deposit.
The data acquired from this drilling will be used to calculate a maiden Mineral Resource Estimate for the deposit for which the Company has previously published an Exploration Target of between 40 and 50 million tonnes grading between 10% and 15% Mn** .
**It should be noted that the potential quantity and grade is conceptual in nature, that there has been insufficient exploration to define a Mineral Resource, and that it is uncertain if further exploration will result in the determination of a Mineral Resource.
Snowden’s have been appointed to undertake the resource calculation and all assay and supporting information including wireframes, density and QA/QC information have now been forward to them to commence the process.
The resulting resource model will be released to the market on sign off and will form the basis for a subsequent scoping study to investigate the commercial potential for development of the Yanneri Ridge manganese deposit, one of six deposits discovered within the Butcherbird Project to date.
==> picture [172 x 22] intentionally omitted <==
==> picture [172 x 22] intentionally omitted <==
==> picture [172 x 21] intentionally omitted <==
==> picture [557 x 415] intentionally omitted <==
Figure 1 : RC and diamond drillhole collar locations for the Yanneri Ridge resource drill-out programme. Collars are shown over the coincident EM data
More Information
Justin Brown
Managing Director
Phone: +61 (8) 6315 1400 Mobile: +61 438 745 675
The Information in this report that relates to exploration results is based on information compiled by Justin Brown, who is a member of the Australian Institute of Mining & Metallurgy. Mr Brown is a geologist and 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 Reserves. Justin Brown consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
| PROSPECT | HOLE ID | NORTHING | EASTING | RL | FROM | TO | Interval | Ave. Mn(%) | Including |
|---|---|---|---|---|---|---|---|---|---|
| YANNERI RIDGE | 10BB212 | 7297896.56 | 771901.88 | 618.61 | 27 | 30 | 3 | 7.32 | |
| YANNERI RIDGE | 10BB213 | 7297797.64 | 771905.00 | 619.89 | 0 | 29 | 29 | 11.03 | 5m@ 17.09% |
| YANNERI RIDGE | 10BB214 | 7297698.41 | 771900.83 | 621.05 | 7 29 |
26 31 |
19 2 |
11.29 | 5m @ 14.27 |
| 11.19 | |||||||||
| YANNERI RIDGE | 10BB215 | 7297595.99 | 771898.25 | 621.57 | 2 | 15 | 13 | 12.97 | 6m@ 17.71 |
| YANNERI RIDGE | 10BB216 | 7297497.80 | 771902.92 | 621.06 | 3 17 |
4 29 |
1 12 |
9.77 | |
| 8.74 | |||||||||
| YANNERI RIDGE | 10BB221 | 7297893.56 | 772090.56 | 619.96 | 4 11 |
5 26 |
1 15 |
10.76 | 4m@ 12.42 |
| 10.18 | |||||||||
| YANNERI RIDGE | 10BB222 | 7297802.61 | 772099.81 | 621.48 | 8 | 25 | 17 | 10.65 | 1m@ 16.23 |
| YANNERI RIDGE | 10BB223 | 7297701.81 | 772099.07 | 623.46 | 3 | 26 | 23 | 11.39 | 3m@ 15.8 |
| YANNERI RIDGE | 10BB224 | 7297594.83 | 772098.40 | 624.80 | 2 | 15 | 13 | 13.29 | 8m@ 15.09 |
| YANNERI RIDGE | 10BB225 | 7297511.70 | 772101.63 | 624.42 | 10 | 14 | 4 | 12.02 | |
| YANNERI RIDGE | 10BB227 | 7298200.79 | 772296.78 | 620.83 | 19 | 20 | 1 | 11.31 | |
| YANNERI RIDGE | 10BB229 | 7298007.46 | 772302.48 | 622.00 | 12 26 |
13 27 |
1 1 |
10.94 | |
| 13.45 | |||||||||
| YANNERI RIDGE | 10BB230 | 7297472.49 | 772303.65 | 620.64 | 0 | 1 | 1 | 16.76 | |
| YANNERI RIDGE | 10BB232 | 7298001.09 | 772501.61 | 625.10 | 16 26 |
17 30 |
1 4 |
11.03 | |
| 9.37 | |||||||||
| YANNERI RIDGE | 10BB237 | 7298099.51 | 772799.13 | 624.47 | 25 | 28 | 3 | 8.95 | |
| YANNERI RIDGE | 10BB238 | 7297603.86 | 772801.86 | 626.25 | 4 | 12 | 8 | 9.33 | |
| YANNERI RIDGE | 10BB239 | 7297505.97 | 772809.08 | 621.16 | 0 | 2 | 2 | 9.70 | |
| YANNERI RIDGE | 10BB243 | 7298100.07 | 773098.84 | 628.43 | 22 | 27 | 5 | 9.03 | |
| YANNERI RIDGE | 10BB244 | 7297999.02 | 773098.60 | 628.64 | 8 | 22 | 14 | 9.52 | 3m@ 12.27 |
| YANNERI RIDGE | 10BB245 | 7297905.36 | 773099.98 | 628.40 | 8 | 26 | 18 | 11.25 | 9m@ 13.23 |
| YANNERI RIDGE | 10BB246 | 7297797.66 | 773117.28 | 627.99 | 6 | 12 | 6 | 9.89 | 3m@ 10.99 |
| YANNERI RIDGE | 10BB254 | 7298099.88 | 773500.93 | 630.91 | 12 | 26 | 14 | 8.34 | 4m@ 10.15 |
| YANNERI RIDGE | 10BB255 | 7298003.58 | 773500.69 | 632.79 | 6 | 26 | 20 | 10.14 | 8m@ 12.6 |
| YANNERI RIDGE | 10BB256 | 7297901.63 | 773498.30 | 634.91 | 9 | 26 | 17 | 12.25 | 4m@ 16.24 |
| YANNERI RIDGE | 10BB257 | 7297800.29 | 773500.17 | 634.36 | 0 4 |
1 13 |
1 9 |
15.65 | 4m@ 14.21 |
| 11.18 | |||||||||
| YANNERI RIDGE | 10BB258 | 7297700.67 | 773501.11 | 626.94 | 10 | 11 | 1 | 8.62 | |
| YANNERI RIDGE | 10BB260 | 7298498.70 | 773697.12 | 627.01 | 18 | 19 | 1 | 8.36 | |
| YANNERI RIDGE | 10BB263 | 7298201.32 | 773698.35 | 630.59 | 9 | 12 | 3 | 12.87 | |
| 18 | 27 | 9 | 8.91 | 2m@ 13.05 |
| PROSPECT | HOLE ID | NORTHING | EASTING | RL | FROM | TO | Interval | Ave. Mn(%) | Including |
|---|---|---|---|---|---|---|---|---|---|
| YANNERI RIDGE | 10BB264 | 7298101.48 | 773698.02 | 632.06 | 10 20 |
17 25 |
7 5 |
11.65 | 3m @ 15.89 |
| 10.37 | |||||||||
| YANNERI RIDGE | 10BB265 | 7297997.00 | 773701.21 | 633.67 | 7 | 27 | 20 | 12.09 | 9m@ 14.21 |
| YANNERI RIDGE | 10BB266 | 7297895.65 | 773703.29 | 635.60 | 0 6 |
1 22 |
1 16 |
11.33 | 4m@ 14.26 |
| 11.82 | |||||||||
| YANNERI RIDGE | 10BB267 | 7297801.31 | 773702.86 | 633.88 | 2 | 11 | 9 | 11.52 | 3m@ 16.90 |
| YANNERI RIDGE | 10BB268 | 7297703.65 | 773697.28 | 627.70 | 6 | 8 | 2 | 8.93 | |
| YANNERI RIDGE YANNERI RIDGE |
10BB272 10BB272 |
7298300.55 | 773899.90 | 629.99 | 12 25 |
14 30 |
2 5 |
8.92 | |
| 10.64 | |||||||||
| YANNERI RIDGE | 10BB273 | 7298201.79 | 773898.93 | 631.78 | 13 | 28 | 15 | 10.14 | 2m@ 13.89 |
| YANNERI RIDGE | 10BB274 | 7298099.57 | 773899.65 | 633.45 | 10 | 28 | 18 | 10.35 | 6m@ 14.77 |
| YANNERI RIDGE | 10BB275 | 7297997.26 | 773901.72 | 635.42 | 5 | 29 | 24 | 12.44 | 5m@ 15.02 |
| YANNERI RIDGE | 10BB276 | 7297902.16 | 773901.48 | 637.32 | 6 | 21 | 15 | 12.82 | 7m@ 14.30 |
| YANNERI RIDGE YANNERI RIDGE |
10BB277 10BB277 |
7297803.50 | 773902.06 | 635.95 | 2 23 |
15 26 |
13 3 |
13.07 | 4m @ 16.32 |
| 8.54 | |||||||||
| YANNERI RIDGE | 10BB278 | 7297696.29 | 773898.06 | 630.28 | 8 25 |
12 26 |
4 1 |
9.43 | |
| 8.49 | |||||||||
| YANNERI RIDGE | 10BB279 | 7297604.12 | 773902.17 | 626.74 | 4 10 15 |
5 11 17 |
1 1 2 |
11.89 | |
| 9.35 | |||||||||
| 9.50 | |||||||||
| YANNERI RIDGE | 10BB280 | 7298503.33 | 774097.07 | 624.08 | 7 | 8 | 1 | 10.04 | |
| YANNERI RIDGE | 10BB281 | 7298396.44 | 774100.50 | 625.09 | 3 23 |
4 24 |
1 1 |
8.17 | |
| 13.14 | |||||||||
| YANNERI RIDGE | 10BB282 | 7298300.79 | 774100.33 | 626.26 | 13 | 22 | 9 | 9.72 | |
| YANNERI RIDGE | 10BB283 | 7298203.69 | 774101.47 | 627.24 | 5 | 20 | 15 | 8.92 | 2m@ 13.24 |
| YANNERI RIDGE | 10BB284 | 7298097.47 | 774101.86 | 628.69 | 4 | 23 | 19 | 11.72 | 2m@ 15.35 |
| YANNERI RIDGE | 10BB285 | 7297602.89 | 774097.90 | 626.76 | 7 10 |
8 14 |
1 4 |
10.15 | |
| 8.24 | |||||||||
| YANNERI RIDGE | 10BB287 | 7298500.67 | 774295.50 | 623.00 | 4 | 19 | 15 | 11.15 | 5m@ 13.70 |
| YANNERI RIDGE | 10BB288 | 7298390.97 | 774307.84 | 623.80 | 8 | 17 | 9 | 8.31 | |
| YANNERI RIDGE | 10BB289 | 7298300.01 | 774294.80 | 625.27 | 4 | 16 | 12 | 10.33 | 2m@ 13.32 |
| YANNERI RIDGE | 10BB290 | 7298191.34 | 774301.04 | 627.59 | 4 | 22 | 18 | 10.69 | 6m@ 13.62 |
| YANNERI RIDGE | 10BB291 | 7298098.70 | 774300.58 | 630.00 | 3 | 21 | 18 | 13.74 | 4m@ 17.30 |
| YANNERI RIDGE | 10BB292 | 7298002.75 | 774301.36 | 632.17 | 3 | 19 | 16 | 14.39 | 6m@ 16.43 |
| YANNERI RIDGE | 10BB293 | 7297904.41 | 774283.70 | 634.90 | 3 | 16 | 13 | 14.85 | 6m@ 17.12 |
| PROSPECT | HOLE ID | NORTHING | EASTING | RL | FROM | TO | Interval | Ave. Mn(%) | Including |
|---|---|---|---|---|---|---|---|---|---|
| YANNERI RIDGE | 10BB294 | 7297796.74 | 774302.24 | 640.21 | 4 | 15 | 11 | 13.50 | |
| YANNERI RIDGE | 10BB295 | 7297733.49 | 774293.26 | 640.42 | 1 6 16 |
3 9 19 |
2 3 3 |
12.13 | |
| 10.29 | |||||||||
| 8.41 | |||||||||
| YANNERI RIDGE | 10BB296 | 7297595.69 | 774301.67 | 626.93 | 5 12 |
7 13 |
2 1 |
8.68 | |
| 11.33 | |||||||||
| YANNERI RIDGE | 10BB297 | 7297502.88 | 774304.10 | 624.28 | 9 | 11 | 2 | 11.04 | |
| YANNERI RIDGE | 10BB298 | 7298501.83 | 774503.35 | 621.56 | 7 13 |
9 22 |
2 9 |
12.91 | 3m@ 12.12 |
| 9.38 | |||||||||
| YANNERI RIDGE | 10BB299 | 7298399.70 | 774503.04 | 622.61 | 5 | 19 | 14 | 9.58 | 2m@ 12.85 |
| YANNERI RIDGE | 10BB300 | 7298294.37 | 774505.17 | 623.22 | 0 7 |
1 14 |
1 7 |
13.85 | 3m@ 12.22 |
| 9.65 | |||||||||
| YANNERI RIDGE | 10BB301 | 7298200.83 | 774499.93 | 624.80 | 0 | 17 | 17 | 10.04 | 5m@ 11.81 |
| YANNERI RIDGE | 10BB302 | 7298101.45 | 774502.49 | 625.53 | 3 | 20 | 17 | 10.94 | 2m@ 16.80 |
| YANNERI RIDGE | 10BB303 | 7297994.77 | 774502.32 | 625.85 | 2 | 20 | 18 | 11.78 | 5m@ 15.19 |
| YANNERI RIDGE | 10BB304 | 7298501.87 | 774703.65 | 619.38 | 16 | 20 | 4 | 11.15 | |
| YANNERI RIDGE | 10BB305 | 7298387.57 | 774686.79 | 620.38 | 1 | 16 | 15 | 10.79 | |
| YANNERI RIDGE | 10BB306 | 7298299.84 | 774701.11 | 620.63 | 14 | 16 | 2 | 15.64 | |
| YANNERI RIDGE | 10BB307 | 7298195.28 | 774698.99 | 621.78 | 15 | 20 | 5 | 11.82 | 3m@ 13.14 |
| YANNERI RIDGE | 10BB308 | 7298102.38 | 774700.94 | 622.53 | 0 | 17 | 17 | 13.24 | 3m@ 16.03 |
| YANNERI RIDGE | 10BB309 | 7298003.06 | 774700.70 | 623.75 | 2 | 16 | 14 | 12.62 | 6m@ 15.20 |
| YANNERI RIDGE | 10BB310 | 7297901.74 | 774700.86 | 624.85 | 0 | 11 | 11 | 13.44 | 4m@ 16.09 |
| YANNERI RIDGE | 10BB311 | 7297801.76 | 774701.36 | 624.82 | 1 | 14 | 13 | 13.65 | 7m@ 16.40 |
| YANNERI RIDGE | 10BB312 | 7297701.41 | 774701.12 | 627.02 | 1 | 14 | 13 | 12.07 | 2m@ 16.00 |
| YANNERI RIDGE | 10BB313 | 7297606.03 | 774704.19 | 623.96 | 0 3 7 |
1 4 10 |
1 1 3 |
17.53 | |
| 11.83 | |||||||||
| 8.99 | |||||||||
| YANNERI RIDGE | 10BB317 | 7298297.50 | 774898.00 | 618.59 | 7 10 13 |
8 11 16 |
1 1 3 |
14.57 | |
| 10.16 | |||||||||
| 9.01 | |||||||||
| YANNERI RIDGE | 10BB318 | 7298189.36 | 774906.14 | 619.63 | 5 | 11 | 6 | 8.97 | |
| YANNERI RIDGE | 10BB319 | 7298095.60 | 774900.11 | 619.08 | 0 | 10 | 10 | 9.43 | 5m@ 10.48 |
| YANNERI RIDGE | 10BB320 | 7297998.38 | 774898.35 | 621.02 | 0 | 18 | 18 | 12.18 | 3m@ 15.47 |
| YANNERI RIDGE | 10BB324 | 7298302.15 | 775096.17 | 616.62 | 15 | 16 | 1 | 9.54 | |
| YANNERI RIDGE | 10BB325 | 7298199.31 | 775100.88 | 616.89 | 8 | 11 | 3 | 8.31 |
| PROSPECT | HOLE ID | NORTHING | EASTING | RL | FROM | TO | Interval | Ave. Mn(%) | Including |
|---|---|---|---|---|---|---|---|---|---|
| YANNERI RIDGE | 10BB326 | 7298097.05 | 775099.24 | 617.28 | 7 | 15 | 8 | 10.86 | 3m@ 12.80 |
| YANNERI RIDGE | 10BB327 | 7297995.63 | 775093.91 | 618.04 | 0 | 1 | 1 | 10.15 | |
| YANNERI RIDGE | 10BB328 | 7297902.03 | 775104.94 | 618.17 | 0 6 |
1 18 |
1 12 |
11.88 | 4m@ 11.85 |
| 9.26 | |||||||||
| YANNERI RIDGE | 10BB329 | 7297797.77 | 775105.28 | 617.74 | 0 | 17 | 17 | 12.75 | 6m@ 14.86 |
| YANNERI RIDGE | 10BB332 | 7298497.72 | 775299.70 | 614.52 | 24 | 25 | 1 | 12.15 | |
| YANNERI RIDGE | 10BB334 | 7298300.47 | 775303.23 | 614.91 | 14 | 15 | 1 | 11.45 | |
| YANNERI RIDGE | 10BB338 | 7297898.72 | 775300.78 | 615.18 | 0 9 |
1 12 |
1 3 |
13.73 | |
| 8.78 | |||||||||
| YANNERI RIDGE | 10BB339 | 7297799.57 | 775300.75 | 614.98 | 1 | 21 | 20 | 13.37 | 8m@ 17.06 |
| YANNERI RIDGE | 10BB340 | 7297701.92 | 775294.74 | 614.70 | 0 | 12 | 12 | 12.74 | 2m@ 16.42 |
| YANNERI RIDGE | 10BB342 | 7297912.95 | 773250.87 | 631.57 | 10 | 28 | 18 | 11.38 | 2m@ 18.12 |
| YANNERI RIDGE | 10BB343 | 7297915.46 | 773217.48 | 631.03 | 8 | 28 | 20 | 11.80 | 6m@ 14.09 |
| YANNERI RIDGE | 10BB344 | 7297920.16 | 773182.65 | 630.35 | 11 | 27 | 16 | 11.26 | 2m@ 15.60 |
| YANNERI RIDGE | 10BB345 | 7297917.76 | 773151.51 | 629.68 | 7 24 |
22 28 |
15 4 |
11.30 | 4m @ 13.80 |
| 10.87 | |||||||||
| YANNERI RIDGE | 10BB347 | 7297999.28 | 775699.49 | 611.83 | 8 | 10 | 2 | 9.29 | |
| YANNERI RIDGE | 10BB348 | 7297900.87 | 775702.56 | 611.50 | 9 | 11 | 2 | 11.73 | |
| YANNERI RIDGE | 10BB349 | 7297805.24 | 775701.20 | 611.40 | 0 | 10 | 10 | 12.75 | 2m@ 18.72 |
| YANNERI RIDGE | 10BB350 | 7297703.80 | 775701.98 | 611.16 | 2 | 5 | 3 | 11.38 | |
| YANNERI RIDGE | 10BB358 | 7297902.05 | 776102.51 | 610.30 | 4 | 7 | 3 | 8.66 |
Table 1: RC Drilling results form the Yanneri Ridge Prosect within the Butcherbird Project area. Composite results shown from geologically constrained zones and a bottom cut of approximately 8% manganese. Assays were completed on 1m splits by Nagrom Laboratories using Fused Bead XRF analysis.