Woomera Completes Maiden Drilling Program at Bronze Fox Copper-Gold Porphyry Mission
Woomera Mining Restricted (ASX: WML) (“Woomera”, “the Corporate”) is happy to announce that its two-pronged diamond core programme for the just lately obtained Bronze Fox Mission in Mongolia has been finished. Woomera was once in a position to finish this system in lower than 4 weeks, with all drillholes attaining proposed goal depths. In overall 16 holes have been finished for 2516.4m (Consult with Desk 1).
- Woomera’s first drill programme on the Bronze Fox Mission in Mongolia has been finished.
- 16 Diamond drill holes have been finished for a complete of 2516m.
- Drilling in large part focussed on shallow infill and extension drilling with a unmarried deeper hollow (F109/916.4m) checking out a coincident geophysical/structural goal.
- The objective porphyry was once intersected in all holes with assays due overdue December/early January.
- Woomera can earn an 80% passion within the Bronze Fox Mission by means of spending US$4m on exploration (with an election to obtain 100%).
Assays for this system are anticipated to be to be had in overdue December 2024 or early January 2025. Woomera can earn an 80% passion within the Bronze Fox Mission from Kincora Copper Restricted (ASX: KCC) by means of expenditure of US$4m and has to the suitable to obtain a 100% passion.
Determine 1: Drilling at Bronze Fox
Determine 2: Box paintings at Bronze Fox
BRONZE FOX PROJECT
The Bronze Fox Mission covers 175km2 and is situated within the Southern Gobi porphyry belt of southern Mongolia, roughly 450km south of the capital Ulaanbaatar. It represents a possibility to protected a 100% passion in an underexplored world-class porphyry copper undertaking with authentic Tier-1 attainable. Drilling by means of Kincora totalling 46,625 metres of Opposite Stream and Diamond Core drilling has outlined 3 shallow, massive porphyry complexes, offering authentic new discovery attainable, useful resource delineation and early-stage exploration performs.
The Bronze Fox Mission accommodates the West Kasulu Inferred Mineral Useful resource of 194.1Mt at 0.26% Copper An identical (CuEq), at a nil.2% CuEq cut-off to a intensity of roughly 325m beneath floor and an Exploration Goal of between 100Mt and 300Mt at 0.25 to 0.35% CuEq.20221
The Bronze Fox Mission is situated proximal to a number of international category mineral deposits together with Oyu Tolgoi, Kharmagtai, Tsagaan Suvarga and Tavan Tolgoi (see Determine 3).
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