Woomera Mining Restricted (ASX: WML) (“Woomera”, “the Firm”) is happy to announce that its two-pronged diamond core programme for the not too long ago acquired Bronze Fox Undertaking in Mongolia has been accomplished. Woomera was capable of full this system in lower than 4 weeks, with all drillholes reaching proposed goal depths. In complete 16 holes have been accomplished for 2516.4m (Consult with Desk 1).
- Woomera’s first drill programme on the Bronze Fox Undertaking in Mongolia has been accomplished.
- 16 Diamond drill holes have been accomplished for a complete of 2516m.
- Drilling largely focussed on shallow infill and extension drilling with a single deeper gap (F109/916.4m) testing a coincident geophysical/structural goal.
- The goal porphyry was intersected in all holes with assays due late December/early January.
- Woomera can earn an 80% curiosity within the Bronze Fox Undertaking by spending US$4m on exploration (with an election to accumulate 100%).
Assays for this system are anticipated to be out there in late December 2024 or early January 2025. Woomera can earn an 80% curiosity within the Bronze Fox Undertaking from Kincora Copper Restricted (ASX: KCC) by expenditure of US$4m and has to the fitting to accumulate a 100% curiosity.
Determine 1: Drilling at Bronze Fox
Determine 2: Area work at Bronze Fox
BRONZE FOX PROJECT
The Bronze Fox Undertaking covers 175km2 and is situated within the Southern Gobi porphyry belt of southern Mongolia, roughly 450km south of the capital Ulaanbaatar. It represents a chance to safe a 100% curiosity in an underexplored world-class porphyry copper mission with real Tier-1 potential. Drilling by Kincora totalling 46,625 metres of Reverse Circulation and Diamond Core drilling has outlined three shallow, massive porphyry complexes, offering real new discovery potential, useful resource delineation and early-stage exploration performs.
The Bronze Fox Undertaking comprises the West Kasulu Inferred Mineral Useful resource of 194.1Mt at 0.26% Copper Equal (CuEq), at a 0.2% CuEq cut-off to a depth of roughly 325m under floor and an Exploration Goal of between 100Mt and 300Mt at 0.25 to 0.35% CuEq.20221
The Bronze Fox Undertaking is situated proximal to a number of world class mineral deposits together with Oyu Tolgoi, Kharmagtai, Tsagaan Suvarga and Tavan Tolgoi (see Determine 3).
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