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Market: ASX
Sector: General Mining
Epic: ASX:AQD
News: Latest news
Web Site: AusQuest Limited
Other Articles: 17-08-2009

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AusQuest Limited

AusQuest Limited

AusQuest is principally engaged in the exploration and evaluation of mineral resources in Australia. A 6,000 meter RC/Diamond Drilling program commenced in May 2008, to test the manganese potential of the Company’s Table Hill Project, located east of Newman in Western Australia.
Tuesday, November 17, 2009

AusQuest wraps up drilling program at Wolfe Manganese Project in WA

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AusQuest (ASX: AQD) has completed the initial drilling program at its Wolfe Manganese Project, located about 50km south-east of Halls Creek in the Kimberley Region of Western Australia.

Following the announcement, shares in the company increased 1.5c, or 10%, to 16.5c.

Managing director Graeme Drew said 29 of the 38 holes drilled intersected iron bearing clays (+/- manganese) at the target contact position between the Eliot Range Dolomite (ERD) and the Mt Kinahan Sandstone (MKS).

"The clays varied in thickness from 2 to 13 metres and visible manganese mineralisation was reported in six of the holes drilled," Mr Drew said.

"Initial results suggest anomalous manganese may concentrate around cross cutting structures. A shallow dip to the target contact was confirmed."

A Niton XRF Analyser was used to undertake on-site analysis of clay samples for the first seven holes drilled, before it had to be returned to Perth.

Manganese values based on Niton readings were found to range from 1.2% Mn to 7.9% Mn with iron values for the same intervals ranging from 6% Fe to 51% Fe.

Samples from all drill holes have been sent to Perth for analysis.

A full assessment of the results and future directions for the Company’s exploration program at the Wolfe Project will be made once all information and assay data have been assessed.

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