Anglo results back maiden resource optimism | Ralph-Lauren

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A frustrating wait from assay labs gave way to satisfaction as in-fill and extensional drill results at Anglo Australian Resources’ Mandilla project near Kambalda pointed to wide mineralised zones to the north of the project which remains open at depth and along strike to the north. The company is now awaiting results from drilling at the Mandela East zone before a short march to a maiden resource at project.

Despite a delay of up to three months in the assay lab, the latest results did not disappoint.

In the latest drill campaign, 62 holes were sunk into Mandilla South for a total of 9,066 metres. Best numbers were 17m at 3.29 grams per tonne gold from 101m, 21m at 1.11 g/t including a metre at 14.96 g/t while hole MDRC303 delivered 52m at 1.00 g/t gold.

Samples from another 73 holes for an aggregate of 11,423m are still outstanding, however RC drilling at Mandilla South between Mandilla East and Mandilla South also continues apace.

The growing footprint of mineralisation at Mandilla South has helped clarify the mineralisation orientation with the geological argument growing stronger from today’s results that bedrock mineralisation may well link Mandilla South to Mandilla East. One intersection delivered 27m at 0.47g/t gold from 142m and contained coarse visible gold. Anglo Australian Managing Director, Marc Ducler describes the quickening activity as an “exciting phase” for the company and shareholders.

The company’s Mandilla assets are in the northern Widgiemooltha greenstone belt, 3km east of the high-grade Wattle Dam open cut mine which produced gold at an impressive 10.1 g/t while the mature underground phase pulled went 14.9 g/t for a total of 286,000 ounces.

Anglo also had a successful mining foray in the area some fourteen years ago, which means it is well experienced in the dirt after mining 23,000 ounces of gold from shallow pits in 2006-07 that graded nearly 7.5 g/t. The scale of ambition is far more extensive now however as the company focusses on advancing the project as quickly as possible with third-party geotechnical diamond drill rigs rolling up to the site by the end of March.

With Anglo Australian now free from third‐party royalties after buying out onerous legacy entitlements, the numbers are stacking up for this fascinating asset set to offer much more in the near term if today’s results are anything to go by.

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