Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

ELEMENTOS LIMITED Regulatory Filings 2012

Jan 29, 2012

64837_rns_2012-01-29_b8264a6c-a715-4ebb-a4c3-c446df618a4a.pdf

Regulatory Filings

Open in viewer

Opens in your device viewer

==> picture [595 x 118] intentionally omitted <==

30 January 2012

YVETTE GOLD-SILVER PROSPECT EXPLORATION UPDATE

Highlights

  • Infill trenching at Yvette Norte extends high-grade gold structure along strike

  • New parallel, high-grade gold-silver structure under talus cover within the Yvette Norte trend expands the gold rich system laterally

  • Deep penetration geophysics is required to test both the vertical and horizontal extents of the system

Elementos Limited (ASX: ELT) (“Elementos” or the “Company”) is pleased to provide the results of the recent infill sampling at the Yvette prospect, Santo Domingo.

Trenching has been carried out to expose and sample mineralisation under shallow talus cover along the poorly-exposed Yvette Norte gold–silver structure. The aim was to increase the sample density over specific areas where there is no surface outcrop, test the potential widths of the system, identify possible parallel structures and sample at different topographic levels.

Infill sampling over a 700 metre-long segment has returned additional high-grade gold and silver results, with credits of lead, zinc and copper. Infill representative (fixed length, traverse and continuous channel) rock chip sample highlights include:

  • 1.0 metres at 20.8 g/t gold and 82 g/t silver;

  • 0.5 metres at 46.2 g/t gold and 541 g/t silver;

  • 0.4 metres at 32.2 g/t gold and 20 g/t silver;

  • 0.6 metres at 9.2 g/t gold and 18 g/t silver; and

  • 0.6 metres at 9.07 g/t gold and 15 g/t silver;

The sampling has confirmed the continuity of the high gold-silver grades over the main north-south, sub-vertical trend. A number of smaller parallel structures have also been identified, typically separated between 3 and 20 metres from the main structure. However, at surface level the widths of the structures are still quite narrow, even over approximately 150 metres of vertical displacement.

A vertical gradation from low-grade gold-silver at shallow levels to high-grade goldsilver at the deeper levels has been observed. Additionally, low-grade gold-silver anomalies were detected in a number of host rock samples adjacent to the main system and within the main shear zone. Anomalous zinc is dispersed throughout the main shear zone, well correlated with the magnetic low delineated through the ground magnetic survey, highlighting the potential of a larger system at depth.

The first phase of geophysics delineated the structure down to 100 metres, where oxidation is stronger. Further, deeper penetration geophysics will be required to test the extent of the system.

==> picture [596 x 33] intentionally omitted <==

==> picture [103 x 37] intentionally omitted <==

Yvette Sur (Polymetallic zone)

Limited channel sampling, conducted over the Yvette polymetallic prospect in the transition zone to Yvette Norte, did not return significant gold-silver values since the sampling is thought to correspond to shallow levels in the system.

On-going activities

The Company has completed a thorough surface mapping and sampling program, combined with Pole-Dipole IP and ground-magnetometry geophysical surveys. The strike length of the Yvette prospect is now interpreted to be 3.2 kilometres long, including the 1.5 kilometres long Yvette Norte system. Deep penetration geophysics is now required to test the vertical extent of the system, and the potential width of the structures at depth.

The Company has now established a strong spatial relationship between the Yvette structural system and the Divisoria porphyry environment at a surface level, increasing the potential size of the combined mineralised systems. The next steps at Yvette will be decided once the geophysics at the Divisoria porphyry prospect are incorporated. The survey has been completed and the results are pending.

For more information, please contact: Corey Nolan Managing Director Phone: +61 (7) 3221 7770 Email: [email protected]

Elementos is an Australian, ASX-listed, exploration company, with a number of projects in Argentina and Australia, which offer an attractive investment environment. The properties are all in mineral rich, highly prospective provinces, with developed infrastructure nearby. Please visit us at www.elementos.com.au

SAMPLE QUALITY CONTROL AND ASSURANCE

Gold assay results presented above are finals and have been calculated using a 0.5 g/t gold cut-off grade. Gold intervals are weighted averages of sample length multiplied by gold grade.

Samples were prepared at the Acme Analytical Laboratories (“AcmeLabs”) preparation facility in Mendoza, Argentina and assayed by fire assay (50 gram charge) at the AcmeLabs laboratory in Chile and for ICP-MS 32 elements (15 grams charge) at the AcmeLabs laboratory in Vancouver, all ISO-9001:2000 certified laboratories. Samples returning greater than 10 g/t gold and/or greater than 100 g/t silver are assayed using gravimetric analyses. Samples returning greater than 1 % Pb and / or greater than 1 % Zn are assayed using aqua regia digestion ore grade / AAS.

COMPETENT PERSON STATEMENT

The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Gustavo Delendatti, a member of the Australian Institute of Geoscientists. Mr Delendatti is a full-time employee of Elementos Ltd and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which it 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.’ Mr Delendatti consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Page 2 of 7

==> picture [103 x 37] intentionally omitted <==

Figure 1: Yvette propect. Locations of channel sample intersections with gold and silver grades. Because of talus soil coverage, non-exposed vein segments between channels samples are interpreted.

==> picture [662 x 465] intentionally omitted <==

Page 3 of 7

==> picture [103 x 37] intentionally omitted <==

Table 1: New assay results at Yvette North prospect

Sample ID Sample type Sample length (m) Gold (g/t) Silver (g/t) Lead (%) Zinc (%) Rock Type Channel ID Sector
RA0002705 ChipChannel 0.40 0.52 24.00 0.15 0.44 Vein CH 11 YvN
RA002706 ChipChannel 0.35 0.02 2.00 0.00 0.13 Vein CH 00A YvN
RA0002707 ChipChannel 0.65 0.02 3.00 0.03 0.17 Host Rock CH 24 YvN
RA0002708 ChipChannel 0.55 0.31 435.00 0.05 0.44 Vein CH 24 YvN
RA002709 ChipChannel 0.45 0.01 1.00 0.00 0.01 Host Rock NoID YvN
RA002710 ChipChannel 0.62 0.65 37.00 0.13 0.37 Vein NoID YvN
RA0002711 ChipChannel 0.85 0.01 1.00 0.01 0.09 Host Rock CH 25 YvN
RA0002712 ChipChannel 0.85 0.12 3.00 0.12 0.35 Host Rock CH 25 YvN
RA0002713 ChipChannel 0.50 6.04 33.00 0.02 0.37 Vein CH 05 YvN
RA0002716 ChipChannel 0.50 0.02 6.00 0.02 0.94 Host Rock CH 08 YvN
RA0002717 ChipChannel 0.60 0.75 69.00 0.12 1.00 Vein CH 08 YvN
RA0002718 ChipChannel 0.50 0.08 4.00 0.06 0.39 Host Rock CH 08 YvN
RA0002719 ChipChannel 0.80 0.04 3.00 0.01 0.29 Host Rock CH 09 YvN
RA0002720 ChipChannel 0.20 6.09 22.00 0.22 0.52 Vein CH 09 YvN
RA0002721 ChipChannel 0.70 0.02 1.00 0.00 0.20 Host Rock CH 09 YvN
RA0002722 ChipChannel 0.60 0.05 2.00 0.01 0.13 Host Rock CH 10 YvN
RA0002723 ChipChannel 0.40 5.24 14.00 0.03 0.20 Vein CH 10 YvN
RA002725 Chips Channel 0.50 0.62 25.00 0.67 6.91 Vein CH 02 YvN
RA002726 ChipChannel 0.20 0.04 27.00 1.40 0.85 Vein CH 02 YvN
RA0002828 ChipChannel 0.80 6.93 3.00 0.01 0.77 Vein CH 18 YvN
RA0002829 ChipChannel 0.80 1.16 1.00 0.01 0.26 Vein CH 18 YvN
RA0002830 ChipChannel 0.20 6.46 27.00 0.13 0.47 Vein CH 21 YvN
RA0002831 ChipChannel 0.60 9.07 15.00 0.02 0.46 Vein CH 30 YvN
RA0002833 ChipChannel 1.10 1.81 1.00 0.02 0.10 Vein CH 16 YvN
RA0002834 ChipChannel 1.10 0.04 -1.00 0.00 0.05 Host Rock CH 16 YvN
RA0002848 ChipChannel 0.60 0.01 -1.00 0.00 0.01 Host Rock CH 12 YvN
RA0002849 ChipChannel 0.60 0.01 -1.00 0.00 0.01 Host Rock CH 12 YvN
RA0002850 ChipChannel 1.00 -0.01 -1.00 0.00 0.01 Host Rock CH 12 YvN
RA0002851 ChipChannel 1.10 0.01 -1.00 0.00 0.02 Host Rock CH 12 YvN
RA0002852 ChipChannel 0.50 0.46 8.00 0.03 0.22 Vein CH 12 YvN
RA0002853 ChipChannel 1.00 0.01 -1.00 0.00 0.03 Host Rock CH 12 YvN
RA0002854 ChipChannel 0.60 0.01 -1.00 0.00 0.20 Host Rock CH 12 YvN
RA0002855 ChipChannel 0.90 1.34 2.00 0.01 0.37 Vein CH 12 YvN
RA0002856 ChipChannel 0.80 -0.01 -1.00 0.00 0.06 Host Rock CH 13 YvN
RA0002857 ChipChannel 0.40 0.07 2.00 0.01 0.37 Vein CH 13 YvN
RA0002858 ChipChannel 0.50 0.01 -1.00 0.00 0.09 Host Rock CH 13 YvN
RA0002859 ChipChannel 0.60 0.04 2.00 0.00 0.32 Host Rock CH 14 YvN
RA0002860 ChipChannel 0.60 9.20 18.00 0.12 0.58 Vein CH 14 YvN
RA0002861 ChipChannel 0.50 0.08 2.00 0.00 1.00 Host Rock CH 14 YvN
RA0002862 ChipChannel 0.50 0.02 -1.00 0.00 0.03 Host Rock CH 15 YvN
RA0002863 ChipChannel 0.50 46.20 541.00 1.00 0.27 Vein CH 15 YvN

Page 4 of 7

==> picture [103 x 37] intentionally omitted <==

Sample ID Sample type Sample length (m) Gold (g/t) Silver (g/t) Lead (%) Zinc (%) Rock Type Channel ID Sector
RA0002864 ChipChannel 0.60 0.13 3.00 0.01 0.13 Host Rock CH 15 YvN
RA0002865 ChipChannel 0.80 0.02 -1.00 0.00 0.03 Host Rock CH 19 YvN
RA0002866 ChipChannel 0.70 0.04 1.00 0.01 0.09 Vein CH 19 YvN
RA0002867 ChipChannel 0.60 0.16 6.00 0.02 0.25 Host Rock CH 19 YvN
RA0002868 ChipChannel 0.60 0.02 -1.00 0.00 0.03 Host Rock CH 20 YvN
RA0002869 ChipChannel 0.15 1.75 6.00 0.14 0.49 Vein CH 20 YvN
RA0002870 ChipChannel 0.20 0.02 2.00 0.01 0.19 Vein CH 26 YvN
RA0002871 ChipChannel 0.70 0.01 -1.00 0.00 0.04 Host Rock CH 27 YvN
RA0002872 ChipChannel 0.40 0.09 3.00 0.01 0.19 Vein CH 27 YvN
RA0002873 ChipChannel 1.00 0.16 3.00 0.01 0.16 Host Rock CH 28 YvN
RA0002874 ChipChannel 1.00 0.10 2.00 0.02 0.22 Vein CH 29 YvN
RA0002876 ChipChannel 0.50 0.01 -1.00 0.00 0.01 Host Rock CH 31 YvN
RA0002877 ChipChannel 0.80 0.01 1.00 0.00 0.01 Vein CH 31 YvN
RA0002878 ChipChannel 0.60 0.01 2.00 0.02 0.32 Host Rock CH 32 YvN
RA0002879 ChipChannel 0.40 0.08 3.00 0.15 0.15 Vein CH 32 YvN
RA0002880 ChipChannel 0.50 0.01 2.00 0.00 0.01 Host Rock CH 32 YvN
RA0002881 ChipChannel 0.80 0.01 -1.00 0.00 0.02 Vein CH 33 YvN
RA0002882 ChipChannel 0.70 0.25 1.00 0.05 0.43 Vein CH 33 YvN
RA0002883 ChipChannel 0.90 0.03 1.00 0.04 0.13 Vein CH 33 YvS
RA0002884 ChipChannel 0.70 0.04 -1.00 0.09 0.22 Vein CH 33 YvS
RA0002885 ChipChannel 0.60 0.01 -1.00 0.00 0.02 Vein CH 33 YvS
RA0002886 ChipChannel 1.00 0.01 1.00 0.00 0.01 Host Rock CH 34 YvS
RA0002887 ChipChannel 0.80 0.03 2.00 0.07 0.19 Vein CH 34 YvS
RA0002888 ChipChannel 0.70 0.01 1.00 0.01 0.09 Vein CH 34 YvS
RA0002889 ChipChannel 0.90 0.01 1.00 0.00 0.01 Host Rock CH 34 YvS
RA0002890 ChipChannel 1.10 0.01 1.00 0.00 0.02 Host Rock CH 34 YvS
RA0002891 ChipChannel 2.20 0.01 1.00 0.00 0.01 Host Rock CH 34 YvS
RA0002892 ChipChannel 0.90 0.02 1.00 0.01 0.05 Vein CH 34 YvS
RA0002893 ChipChannel 0.70 0.02 1.00 0.02 0.07 Vein CH 34 YvS
RA0002894 ChipChannel 0.70 -0.01 -1.00 0.03 0.13 Vein CH 34 YvS
RA0002895 ChipChannel 0.70 0.04 2.00 0.04 0.11 Host Rock CH 34 YvS
RA0002896 ChipChannel 1.50 0.01 3.00 0.01 0.11 Host Rock CH 35 YvS
RA0002897 ChipChannel 0.40 0.09 6.00 0.06 0.19 Vein CH 35 YvS
RA0002898 ChipChannel 0.40 -0.01 1.00 0.00 0.43 Host Rock CH 36 YvS
RA0002899 ChipChannel 0.40 32.20 20.00 0.06 0.54 Vein CH 36 YvS
RA0002900 ChipChannel 0.45 0.20 3.00 0.03 0.37 Vein CH 36 YvS
RA00004502 ChipChannel 0.20 14.40 128.00 1.00 1.00 Vein CH 37a YvN
RA00004503 ChipChannel 0.40 5.01 38.00 0.22 1.00 Vein CH 37b YvN
RA00004504 ChipChannel 2.30 0.04 2.00 0.01 0.10 Host Rock CH 37b YvN
RA00004505 ChipChannel 1.10 0.03 1.00 0.01 0.11 Host Rock CH 37b YvN
RA00004506 ChipChannel 1.40 0.26 117.00 0.24 0.16 Vein CH 37b YvN
RA00004507 ChipChannel 0.95 4.59 23.00 0.28 0.79 Vein CH 37b YvN

Page 5 of 7

==> picture [103 x 37] intentionally omitted <==

Sample ID Sample type Sample length (m) Gold (g/t) Silver (g/t) Lead (%) Zinc (%) Rock Type Channel ID Sector
RA00004508 ChipChannel 0.45 2.33 47.00 0.20 0.17 Vein CH 37b YvN
RA00004509 ChipChannel 0.40 0.07 2.00 0.01 0.17 Vein CH 42a YvN
RA00004510 ChipChannel 0.80 0.13 1.00 0.03 0.61 Host Rock CH 42b YvN
RA00004511 ChipChannel 0.30 6.33 31.00 0.32 0.80 Vein CH 42b YvN
RA00004512 ChipChannel 0.80 0.01 -1.00 0.00 0.04 Host Rock CH 42b YvN
RA00004513 ChipChannel 1.00 0.02 -1.00 0.00 0.06 Host Rock CH 42b YvN
RA00004514 ChipChannel 0.60 -0.01 1.00 0.00 0.09 Host Rock CH 42b YvN
RA00004515 ChipChannel 0.40 0.01 1.00 0.00 0.04 Host Rock CH 43 YvN
RA00004516 ChipChannel 0.90 0.01 2.00 0.02 0.14 Host Rock CH 43 YvN
RA00004517 ChipChannel 0.50 0.20 26.00 0.11 0.26 Vein CH 43 YvN
RA00004518 ChipChannel 0.60 -0.01 -1.00 0.00 0.01 Host Rock CH 43 YvN
RA00004519 ChipChannel 0.60 -0.01 -1.00 0.00 0.04 Host Rock CH 38 YvN
RA00004520 ChipChannel 0.80 0.02 2.00 0.03 0.33 Vein CH 38 YvN
RA00004521 ChipChannel 0.60 0.13 2.00 0.07 0.34 Host Rock CH 38 YvN
RA00004522 ChipChannel 0.75 0.01 3.00 0.06 0.46 Vein CH 38 YvN
RA00004523 ChipChannel 0.45 -0.01 3.00 0.04 0.42 Host Rock CH 38 YvN
RA00004524 ChipChannel 0.90 1.46 28.00 0.17 0.65 Vein CH 38 YvN
RA00004525 ChipChannel 1.00 -0.01 -1.00 0.00 0.10 Host Rock CH 38 YvN
RA00004526 ChipChannel 0.80 -0.01 -1.00 0.00 0.01 Host Rock CH 38 YvN
RA00004527 ChipChannel 1.00 -0.01 -1.00 0.00 0.01 Host Rock CH 38 YvN
RA00004528 ChipChannel 0.20 2.83 5.00 0.01 0.55 Vein CH 39 YvN
RA00004529 ChipChannel 0.60 0.08 5.00 0.00 0.43 Host Rock CH 39 YvN
RA00004530 ChipChannel 0.20 1.83 26.00 0.07 1.00 Vein CH 39 YvN
RA00004531 ChipChannel 0.25 -0.01 -1.00 0.00 0.03 Vein CH 11a YvN
RA00004532 ChipChannel 0.80 -0.01 -1.00 0.00 0.02 Host Rock CH 11a YvN
RA00004533 ChipChannel 0.80 0.01 -1.00 0.00 0.02 Host Rock CH 11a YvN
RA00004534 ChipChannel 2.00 0.01 -1.00 0.00 0.02 Host Rock CH 11a YvN
RA00004535 ChipChannel 0.30 0.17 13.00 0.07 0.40 Vein CH 11a YvN
RA00004536 ChipChannel 0.75 0.10 -1.00 0.00 0.28 Vein CH 11a YvN
RA00004537 ChipChannel 0.75 0.02 -1.00 0.00 0.17 Host Rock CH 11a YvN
RA00004538 ChipChannel 1.40 0.04 1.00 0.00 0.59 Host Rock CH 11a YvN
RA00004539 ChipChannel 0.15 11.40 10.00 0.01 0.78 Vein CH 11a YvN
RA00004540 ChipChannel 0.10 49.90 182.00 0.37 1.00 Vein CH 11b YvN
RA00004541 ChipChannel 1.10 0.06 2.00 0.01 0.10 Host Rock CH 17 YvN
RA00004542 ChipChannel 0.50 6.87 193.00 0.44 1.00 Vein CH 17 YvN
RA00004543 ChipChannel 0.50 0.01 1.00 0.00 0.35 Host Rock CH 17 YvN
RA00004544 ChipChannel 0.80 0.07 3.00 0.00 0.10 Host Rock CH 24 YvS
RA00004545 ChipChannel 0.20 0.12 -1.00 0.01 0.10 Vein CH 24 YvS
RA00004546 ChipChannel 1.30 0.03 1.00 0.00 0.16 Host Rock CH 24 YvS
RA00004547 ChipChannel 0.95 0.18 7.00 0.01 0.11 Vein CH 24 YvS
RA00004548 ChipChannel 0.70 0.03 -1.00 0.00 0.07 Vein CH 25 YvS
RA00004549 ChipChannel 0.70 0.20 2.00 0.01 0.15 Vein CH 25 YvS

Page 6 of 7

==> picture [103 x 37] intentionally omitted <==

Sample ID Sample type Sample length (m) Gold (g/t) Silver (g/t) Lead (%) Zinc (%) Rock Type Channel ID Sector
RA00004561 ChipChannel 0.50 0.01 10.00 0.30 0.04 Vein CH 44 YvN
RA00004562 ChipChannel 0.50 -0.01 1.00 0.01 0.01 Vein CH 44 YvN
RA00004563 ChipChannel 0.50 0.01 2.00 0.00 0.90 Host Rock CH 45 YvN
RA00004564 ChipChannel 0.50 5.82 32.00 0.10 0.32 Vein CH 45 YvN
RA00004565 ChipChannel 0.70 0.01 1.00 0.00 0.22 Host Rock CH 46 YvN
RA00004566 ChipChannel 1.00 20.80 82.00 0.13 0.03 Vein CH 46 YvN
RA00004567 ChipChannel 1.00 0.03 1.00 0.01 0.18 Host Rock CH 47 YvN
RA00004568 ChipChannel 0.90 4.31 39.00 0.23 0.21 Vein CH 47 YvN

Note: YvN: Yvette Norte; YvS: Yvette Sur

Page 7 of 7