Livewire Exploration Watch

John Robertson

PortfolioDirect

Australian Mines has reported a 5 metre intersection grading 11.07 g/t Au from 130 metres down hole at its Dixon prospect 40km southeast of the Plutonic Mine in the Doolgunna region of Western Australia. The host sequence shows similarities to the Plutonic mine host rocks. Despite some historic testing of the weathering profile, no deep drilling had been undertaken at the prospect. The first results from a recently completed RC drilling program at the Encounter Resources Millennium zinc prospect in Western Australia were consistent with earlier results showing widespread anomalism in the weathering zone but nothing that could point to a clear source of the anomalism. One hole intersected 70 metres at 2.3% Zn from a down hole depth of 182 metres. A second result intersected lower grade at a depth of 223 metres. In a ‘hit or miss’ effort, Bass Strait oil explorer 3D Oil has spudded the offshore Sea Lion 1 well targeting a prospective oil resource which could be integrated into a development with adjacent accumulations owned by others. The well should be completed in 4 weeks.


1 topic

John Robertson
John Robertson
PortfolioDirect

John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment