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HONEYBUGLE PROJECT EL7041

Posted on Posted in AUML Updates, Projects

Previous exploration was mainly by prospectors in the period 1880 to 1929. Modern exploration has been recorded since 1967 by Anaconda, North Broken Hill 1979–1983, Australian Hanna 1969, Helix 1986-1991, Lachlan Resources 1976–1990 and LFB Resources NL 2001.

Within the Honeybugle complex, costeaning reportedly gave results of 194m at 0.34g/t Pt, including 2m at 17.6g/t Pt. RAB drilling returned best assays of 8m at 0.5g/t Pt. Grab sampling produced values up to 2.6% Cu, 1200ppm Cr, 1750ppm Co, 2.0g/t Pt, 3150ppm Ni.

Exploration carried out by AYM since 2008 has included geophysical interpretation, completion of a highresolution aeromagnetic and radiometric survey and follow up ground magnetic surveying.

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