Sign up Australia
Proactive Investors - Run By Investors For Investors

Marindi Metals finds conglomerate gold at second Bellary Dome site

The project has equivalent stratigraphy to the Purdy’s Reward gold discovery.
Gold panning
The company will now undertake a creek sampling program

Marindi Metals Ltd (ASX:MZN) has found conglomerate gold at a second site within the Bellary Dome project in the Pilbara region of Western Australia.

Two rock chip samples from the Mt Roe/Bellary Formation contact zone have returned gold of 0.6 g/t and 0.1 g/t respectively.

They are the first confirmation that the contact is auriferous in this second location.

READ: Marindi Metals’ shares surge on new conglomerate gold opportunity in the Pilbara

The project lies on the southern margin of the Hamersley Basin and covers circa 25 kilometres of the contact between the Bellary Formation conglomeratic units and the overlying Mt Roe Basalt.

This is the equivalent stratigraphic contact to where the Novo Resources Corp (CVE:NVO) and Artemis Resources Ltd (ASX:ARV) JV and others have discovered gold at Purdy’s Reward and other West Pilbara prospects.

Creek sampling program

Marindi has designed a comprehensive creek sampling program to test all drainages which cross the prospective Mt Roe/Bellary Formation contact.

This sampling is expected to get underway by the end of February.

Creek samples will be panned as well as sub-samples sent to laboratories for analysis.

The first location of auriferous conglomerate, Edney Find, has significant historic alluvial workings, dry blowings and evidence of recent metal detecting.

This was the location in which Marindi panned coarse gold from local creeks.

Gold-in-soil sampling program

Marindi will also complete a gold-in-soil sampling program over the conglomerate with the aim of assessing the total strike length for gold mineralisation.

To the company’s knowledge, this will be the first time the area has been explored using this technique.

Marindi will be on site next week conducting orientation sampling to determine the most suitable sampling size for the sampling campaigns.

READ: Marindi Metals maps out lithium exploration for new year

The company recently also completed a sampling program at the Cosmic Boy and Digger Rocks prospects, part of its Forrestania Lithium Project in Western Australia.

View full MZN profile View Profile

Marindi Metals Ltd Timeline

Related Articles

picture of aeroengine
December 12 2017
“Nothing electronic would turn in the world if it wasn’t for tantalum.” It is, he says, “a very, very important product.”
March 07 2018
Production at Thalanga is forecast to grow more than 50% between 2018 and 2019.
March 08 2018
The Kwale mine in Kenya is now a major player in the ilmenite, rutile and zircon markets

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use