Proactive investorsLogo Proactive Investors UK Website

Search field
Get Adobe Flash Player Download
Flash
Player ►

And
Enable
Javascript

Additional information
Additional Information
Market: ASX
Sector: General Mining
Epic: EKM
News: Latest news
Web Site: Eleckra Mines
Other Articles: 14-12-200904-12-200917-11-2009

RSS - Subscribe to the News Today on Proactive UK ▼

Saturday March 13, 08:47Premium risk at Prudential

Insurance giant Prudential has stolen the headlines this week, after their decision to buy AIA, the Asian life business of US insurer AIG, has attracted a mixed response from shareholders.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive NA ▼

Friday March 12, 07:58Lithium and rare earths markets poised for growth

Right now, the world relies almost completely on China for its rare-earth supply. The Chinese have made it clear that they want to keep more supply for themselves as they try to be the world leader in green technology

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive CN ▼

Friday March 12, 07:51White Energy enters coal deal with China Guodian Group

White Energy Company (ASX: WEC; OTCQX: WECFY) has inked a non-binding heads of agreement with state owned Guodian Inner Mongolian Energy Sources Co Limited to develop a coal upgrading [...]

FULL ARTICLE ►
Eleckra Mines

Eleckra Mines

Eleckra Mines owns 100% of the Yamarna Gold Project, a sizeable tenement package totalling approximately 3,600km2, covering the majority of the Yamarna greenstone belt. Eleckra's uranium prospective tenement portfolio around the Yamarna region covers an area of approximately 2,000km2.
Tuesday, February 09, 2010

Eleckra Mines identifies strong gold anomaly at Hann Prospect

company news image

Eleckra Mines (ASX: EKM) has returned exciting results from a close-spaced geochemical soil survey carried out at the Hann prospect within the Yamarna Gold Project, located approximately 150 kilometres east of Laverton in Western Australia.

The soil geochemistry program defined a zone that contains elevated gold values, only 1.1 kilometres east of the Attila gold deposit and 2.4 kilometres west of the Central Bore gold discovery in a parallel magnetic structure.

The original assays and repeat results indicate presence of coarse gold in soil samples.

The soil survey at the Hann prospect was undertaken as a follow up to earlier widespaced traverses of shallow auger and RAB drill-holes. In June 2009, Eleckra drilled 26 shallow RAB holes on the prospect that returned encouraging gold results.

However, the drilling program was terminated as the RAB drilling could not penetrate the hard, silicified felsic volcanic schist present at the prospect.

Eleckra decided to determine the extent of, and to better define, the anomaly by a close-spaced geochemical soil survey, with approximately 950 soil samples collected on 20mE x 40mN grid over a total strike length of 2.8 kilometres.

The unlevelled gold image shows a very strong 800 metre-long anomaly over the area with Archaean bedrock in the south-eastern grid, with grades up to 2.1 g/t Au in repeat assay and up to 1.05 g/t Au in original assay.

A weaker trend is visible in the north-western grid over the area with the saprolite erosional plains, which mask the response.

The levelled gold image clearly shows three parallel trends that continue from southeast to northwest on the saprolite. Anomalies relative to background are of the same order of magnitude over both grids.

The levelled arsenic image also shows a strong anomaly in the southern grid that is associated with the eastern gold trend. In the northern part of the grid from 6,885,360N onwards, arsenic shows unexplained parallel north-south trends, which will be further checked.

Eleckra Executive Chairman Ian Murray said the company intended to carry out its maiden RC drilling program at the Hann prospect in early 2010, while a follow up soil survey would be undertaken in mid-February to extend the grid further to the southeast along the trend.

AddThis Feed Button
Register here to be notified of Proactiveinvestors One2One Forums.

Other Eleckra Mines articles


Other Eleckra Mines news

More news ►

Investors interested in Eleckra Mines recently viewed


No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.