Dalgaranga
Anglo Australian Resources NL 100%
The project consist of three exploration licences and three prospecting licences covering 366 sq km of the Dalgaranga greenstone belt and a portion of the adjacent Warda Warra greenstone belt. This project is located 60 km north west of Mt Magnet and 60 km south west of Big Bell. The tenements also cover the northern and southern strike extensions of the structure that hosts the Gibleys (Dalgaranga) gold deposit, which could be correlated with extensions of the Big Bell Shear. Until recently, Gibleys (Dalgaranga) was successfully mined by the Equigold NL / WRF Securities Ltd joint venture.
Within the project area extensive exploration by Hunter Resources and Equigold defined a lag anomaly over 150x100m containing a maximum of 1g/t Au. Follow up RAB drilling produced best results of 4m @ 5g/t Au and 2m @ 0.83g/t Au at shallow depths. Rock chips of a quartz vein produced anomalous values of up to 3.1g/t Au. AAR plans to compile the previous exploration data with a view of defining drill targets.
The project also contains a scheelite prospect at Duffy Bore where rock chip values of up to values up to 110ppm tungsten have been recorded.
A small soil sampling program was completed in December 2005 quarter on part of the Warda Warda greenstone belt. Anomalous gold assays (up to 132ppbAu) suggest there are at least two gold anomalous trends corresponding to lithological contacts. Follow-up will be carried out on completion of heritage surveys.
Although the Company’s initial interest in the project has been primarily gold, changes in the spot uranium prices have highlighted the potential for uranium mineralisation within calcrete which overlies a palaeo-drainage system. A follow-up program to investigate the uranium potential is planned for later this year.