SUMMARY
Windimurra - Platinum
- 23 hole, 1,500 metre RC drilling programme commenced 25th April. Results available end May.
- Four drill traverses to test beneath soil cover for prospective rock types and PGE anomalies in the vicinity of the Corner Well and Muleryon Hill prospects.
Narndee - Platinum (Falconbridge-Implats Joint Venture)
- Extensive ground checking, rock chip sampling and 3,900 sample infill soils campaign underway ahead of diamond drill programme proposed for mid to late June.
Windimurra - Gold
- 1,000 sample reconnaissance and infill soils campaign has confirmed and/or extended several geochemical soil anomalies at Paynesville.
- Selected anomalies and strike extensions to old workings tested by 32 shallow aircore drill holes for total of 1,324 metres.
- Association of anomalies with north-south corridors and locally a series of east-west quartz veins confirmed. Low order anomalies obtained in weathered profile surface but no ore grade intersections in quartz veins or host gabbros.
Jillawarra - Copper-Gold
- Second 600 sample soils campaign of 56 traverses returned encouraging results and reinforces targeting criteria.
- At 46-40 a 1.7 kilometre multi-element anomaly infers that low to moderate grade base metal mineralisation intersected over a strike of 150 metres by 1980’s diamond drilling is more extensive.
- Multi-element anomalies also confirmed and extended at No-Name, Cork Tree and Woodlands plus new 0.8 kilometre anomaly defined at Manganese Range.
- 3,000 metre RC drilling programme proposed for late May/June.
Corporate
- Working capital of $2,475,000. 38,208,755 fully paid shares on issue. 21,683,755 quoted.
- Falconbridge-Implats JV has spent $661,000 to date at Narndee.
Contact:
Stephen Stone
Executive Chairman
stone@apexminerals.com
Mb 0418 804 564
To view a full copy of the
Quarterly Report, including maps and diagrams,
as a PDF file (
)
CLICK
HERE (428 kb)
To view a full copy of Appendix
5B attached to the Quarterly Report
in PDF ()
CLICK HERE (125 kb)