The Alford West Copper The Alford West Copper Prospect Prospect 10 th SA Exploration and Mining Conference 10 th SA Exploration and Mining Conference Presented by Presented by Chris Drown, Managing Director Chris Drown, Managing Director #1
Disclaimer and Competent Person’s Statement Disclaimer and Competent Person’s Statement The information in this presentation is published to inform you about Adelaide The information in this presentation is published to inform you about Adelaide Resources Limited and its activities. Some statements in this presentation regarding Resources Limited and its activities. Some statements in this presentation regarding estimates or future events are forward looking statements. They involve risk and estimates or future events are forward looking statements. They involve risk and uncertainties that could cause actual results to differ from estimated results. All uncertainties that could cause actual results to differ from estimated results. All reasonable effort has been made to provide accurate information, but we do not reasonable effort has been made to provide accurate information, but we do not warrant or represent its accuracy and we reserve the right to make changes to it at warrant or represent its accuracy and we reserve the right to make changes to it at any time without notice. any time without notice. To the extent permitted by law, Adelaide Resources Limited accepts no responsibility To the extent permitted by law, Adelaide Resources Limited accepts no responsibility or liability for any losses or damages of any kind arising out of the use of any or liability for any losses or damages of any kind arising out of the use of any information contained in this presentation. Recipients should make their own enquiries information contained in this presentation. Recipients should make their own enquiries in relation to any investment decisions. in relation to any investment decisions. The information in this presentation that relates to Exploration Results, Mineral The information in this presentation that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Chris Drown, who is Resources or Ore Reserves is based on information compiled by Chris Drown, who is a Member of The Australasian Institute of Mining and Metallurgy and who consults to a Member of The Australasian Institute of Mining and Metallurgy and who consults to Adelaide Resources Limited on a full time basis. Mr Drown has sufficient experience Adelaide Resources Limited on a full time basis. Mr Drown has sufficient experience which is relevant to the style of mineralisation and type of deposit under which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity which he is undertaking, to qualify as a Competent consideration, and to the activity which he is undertaking, to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Drown consents to the Exploration Results, Mineral Resources and Ore Reserves’. Mr Drown consents to the inclusion in the presentation of the matters based on his information in the form and inclusion in the presentation of the matters based on his information in the form and context in which it appears. context in which it appears. #2
The Yorke Peninsula’s “Copper Triangle” The Yorke Peninsula’s “Copper Triangle” “To the Colony of “To the Colony of South Australia, South Australia, copper was like a copper was like a huge flywheel, huge flywheel, generating wealth and generating wealth and activity.” (Blainey – The activity.” (Blainey – The Rush That Never Ended) Rush That Never Ended) The Copper Triangle 1915 Richmans Enginehouse, Moonta #3
Adelaide Resources aims to Adelaide Resources aims to turn the “Copper Triangle” turn the “Copper Triangle” into the “Copper Polygon”! into the “Copper Polygon”! #4
Olympic Copper-Gold Province – operating companies Olympic Copper-Gold Province – operating companies LEGEND Olympic Copper Gold Province Adelaide Resources All land in the All land in the Antofagasta OCGP where OCGP where Areva exploration is exploration is Major Major BHPB allowed is allowed is companies companies FMG pegged. pegged. and copper and copper Oz Minerals producers producers Rex dominate. dominate. Rio Tinto Sandfire Straits Uranium One Xstrata Other Even Spencer Even Spencer Gulf is pegged!! Gulf is pegged!! (non OCGP tenements not shown) 200 kilometres #5
OCGP – depth to prospective basement OCGP – depth to prospective basement The Yorke Peninsula in general, and the The Yorke Peninsula in general, and the A Moonta Project in particular, has the Moonta Project in particular, has the Prominent Hill (100m) shallowest cover anywhere along the shallowest cover anywhere along the Vulcan (900m) Challenger entire Olympic Copper Gold Province. entire Olympic Copper Gold Province. Olympic Dam (330m) Carrapateena (470m) Punt Hill Olympic (~700m) Copper-Gold Province Schematic section MOONTA MOONTA Olympic PROJECT Prominent Hill Dam Carrapateena PROJECT Spencer Vulcan Punt Hill Hillside Gulf (mostly < 10m) A B { Depth below surface (metres) Hillside 200 Cover Copper/ Gold (~30-70m) 400 deposit B 600 800 Prospective basement 200 kilometres 1000 #6
Moonta Project – modern exploration history timeline Moonta Project – modern exploration history timeline Copper Price Copper Price Historical exploration at Moonta was dominated by mid caps and majors which needed to Historical exploration at Moonta was dominated by mid caps and majors which needed to find very large resources. This presents Adelaide Resources with a valuable historical find very large resources. This presents Adelaide Resources with a valuable historical database and a scale opportunity. The opportunity is significantly enhanced by improved database and a scale opportunity. The opportunity is significantly enhanced by improved copper prices since the mid 2000’s. copper prices since the mid 2000’s. #7
“Buried Treasure” discovered in open file DMITRE report “Buried Treasure” discovered in open file DMITRE report 10m @ 2.3% Cu from 59m in old Alford hole AL11 #8
Moonta Project – location plan Moonta Project – location plan #9
Alford West – magnetic image showing WMC/NBH 1970’s Alford West – magnetic image showing WMC/NBH 1970’s auger copper anomaly (>200ppm) and drillhole collars auger copper anomaly (>200ppm) and drillhole collars Area of Area of 2013 drilling 2013 drilling #10
Alford West Prospect – 2013 drilling summary Alford West Prospect – 2013 drilling summary Section Section 753,015mE 753,015mE Section Section Section Section Section Section 753,730mE 753,730mE 753,570mE 753,570mE 753,785mE 753,785mE #11
Alford West Prospect – Section 753,015 mE Alford West Prospect – Section 753,015 mE 6m @ 0.77% Cu 12m @ 0.41% Cu, 1.44g/t Au 12m @ 0.41% Cu, 1.44g/t Au 6m @ 0.31% Cu, 0.20g/t Au 9m @ 0.58% Cu, 0.08g/t Au 8m @ 0.81% Cu, 0.03g/t Au 5m @ 0.37% Cu, 0.01g/t Au 11m @ 0.57% Cu, 0.10g/t Au 7m @ 0.36% Cu 50m @ 0.44% Cu, 0.05g/t Au 7m @ 0.38% Cu, 0.03g/t Au 11m @ 1.11% Cu, 0.03g/t Au 50m @ 0.44% Cu, 0.05g/t Au 11.6m @ 0.42% Cu 8m @ 1.03% Cu 11m @ 1.11% Cu, 0.03g/t Au 10.1m @ 0.37% Cu #12
Alford West Prospect – Section 753,730 mE Alford West Prospect – Section 753,730 mE 20m @ 4.20% Cu, 0.27g/t Au 11m @ 2.33% Cu, 0.68g/t Au 20m @ 4.20% Cu, 0.27g/t Au 11m @ 2.33% Cu, 0.68g/t Au 5m @ 0.92% Cu, 0.15g/t Au 6m @ 0.86% Cu, 0.06g/t Au 18m @ 2.22% Cu, 0.17g/t Au 18m @ 2.22% Cu, 0.17g/t Au 4 @ 1.38% Cu, 0.44g/t Au 6m @ 0.39% Cu, 0.03g/t Au 10m @ 4.23% Cu, 0.20g/t Au 10m @ 4.23% Cu, 0.20g/t Au 3m @ 1.22% Cu, 0.08g/t Au #13
Alford West Prospect – Section 753,785 mE Alford West Prospect – Section 753,785 mE 14m @ 2.60% Cu, 0.70g/t Au 14m @ 2.60% Cu, 0.70g/t Au 19m @ 0.29% Cu, 0.05g/t Au 20m @ 1.76% Cu, 0.33g/t Au 45m @ 1.56% Cu, 1.83g/t Au 20m @ 1.76% Cu, 0.33g/t Au 45m @ 1.56% Cu, 1.83g/t Au 30m @ 0.41% Cu, 0.30g/t Au 24m @ 0.41% Cu, 0.16g/t Au #14
Alford West – current 3-D model (ADN drilling only) Alford West – current 3-D model (ADN drilling only) 3-D model looking SE #15
Alford West – current 3-D model (ADN drilling only) Alford West – current 3-D model (ADN drilling only) 3-D model looking down 1100 metres 340 metres #16
1970’s shallow auger hits give confidence the deposit will grow! 1970’s shallow auger hits give confidence the deposit will grow! 5.49m (to EOH) @ 0.82% Cu 1.83m @ 1.40% Cu 1.83m (to EOH) @ 0.18% Cu 9.75m (to EOH) @ 0.68% Cu 10.36m (to EOH) @ 0.54% Cu 4.57m (to EOH) @ 1.64% Cu 6.1m (to EOH) @ 0.44% Cu Depths of annotated auger holes range from 8.32m to 24.99m. #17
Geochemical behaviour of metals in the regolith Geochemical behaviour of metals in the regolith #18
Geochemical behaviour of metals in the regolith Geochemical behaviour of metals in the regolith #19
Geochemical behaviour of metals in the regolith Geochemical behaviour of metals in the regolith #20
Other geochemical observations Other geochemical observations #21
#22 Other geochemical observations Other geochemical observations
Recommend
More recommend
