Livewire Exploration Watch

John Robertson

PortfolioDirect

Heron Resources has identified a new mineralised zone at the former Woodlawn base metal mine in NSW in the course of a program of resource confirmation and step out drilling. Results from holeWNDD0104 were reported as 12.4 metres at 12% Zn, 1.5% Cu, 2.0% Pb, 0.7 g/t Au and 23.1 g/t Ag (9.9 metres true thickness). The company plans to incorporate the newly defined Lisa Lens into a future mine plan. Sheffield Resources – one of the top performing stocks of 2013/2014 – has remained on its 2015 price reversal trend after reporting that a single diamond drill hole directed at a steeply dipping bedrock conductor at its Stud prospect in the Fraser Range had intersected a graphitic metasediment mirroring similar results in 2014 at the Red Bull prospect. Xanadu Mines has commenced testing the depth extensions of mineralisation encountered in earlier trenches at its 90% held Kharmagtai copper-gold prospect in southern Mongolia. The objective is deeper zones of tourmaline breccia and potentially mineralised porphyry rocks associated with regional level structures. Shallower gold rich epithermal systems have also been identified.


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...

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