Proactive Investors - Run By Investors For Investors

Fe Limited and partners continue to make significant progress at Morck Well Joint Venture

35,450 metres of highly encouraging drilling was completed across the project area in Q2 2018.
Surveying work
Electromagnetic surveying is now underway as an additional targeting tool

Fe Limited’s (ASX:FEL) farm-in partner Sandfire Resources NL (ASX:SFR) has completed follow-up drilling at the Morck Well Joint Venture in the Bryah Basin of central Western Australia.

The Morck Well Copper Project is jointly owned by Auris Minerals Ltd (ASX:AUR) (80%) and Fe Limited (20%).

Sandfire is farming into Morck Well with the right to earn a 70% interest in the project area.

There has been one diamond core hole and three reverse circulation holes drilled by Sandfire following the intersection of highly encouraging mineralisation from aircore drilling in May 2018.

READ: Fe Limited and partners receive encouraging copper drilling results from Morck Well Project

Whilst the full set of assays from the recently completed follow-up program are yet to be received, the sedimentary package intersected in the latest drilling is considered to be highly prospective.

Furthermore, Sandfire’s aggressive exploration approach of systematic aircore drilling will be further enhanced by Moving Loop Electromagnetic (MLEM) surveying across the entire prospective sequence through the Morck Well area.

The MLEM survey has now commenced, as an additional targeting tool.

Native copper obtained from drilling.

Systematic exploration across the remainder of the Morck Well project area is continuing and further updates on drilling assays and geophysical surveying will be reported in due course.

Auris chief operating officer Mike Hendriks said: “We continue to be encouraged by the progress being made to date at our Morck Well JV – with the recent round of follow-up drilling further underlining the highly prospective nature of this area.

“Sandfire Resources are continuing to advance exploration activities within the Morck Well area and we look forward to reporting on results from future aircore drilling and the MLEM geophysical surveying in due course.”

View full FEL profile View Profile

Fe Limited Timeline

Related Articles

Chris Giles signs the Kalkaroo Native Title Mining Agreement
Tue
Kalkaroo is Australia’s largest undeveloped open pit copper-gold deposit on a copper-equivalent basis.
A map of New Zealand and its South Island
November 26 2018
The company focused on its tin-tungsten project in Cornwall is rationalising its portfolio.
email
October 23 2018
As part of a new communications effort, Kibo has addressed a number of shareholder queries via a 'Q&A', released across the London regulatory news service

© Proactive Investors 2019

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