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Koonenberry Base Metal Project, NSW

Location and Tenure

The Koonenberry Base Metal Project is located 100km east of Broken Hill in western NSW. Black Range holds a 100% interest in two granted exploration licences that encompass 579km2 of highly prospective terrain covering the southern third of the Koonenberry Belt.

Koonenberry Base Metal Project - Location Map


Since the commencement of the Company’s initial drilling programme in October 2005, 72 holes have been drilled for over 11,000 metres. The historic Grasmere Copper Deposit and the newly discovered Peveril Copper Deposit, located some 2,000 metres to the northwest of the Grasmere Deposit, have been the focus of the majority of the Company’s drilling. Relatively thick, high-grade shoots have been identified at both deposits. Substantial mineralisation has also been intersected in the deepest holes at both deposits, at depths greater than 400 metres. There is considerable potential to extend the resources at both of these deposits with further drilling.

Better intersections from drilling at the Grasmere and Peveril Deposits includes:

Hole
From
To
Width (m)
Cu (%)
ESSO07
34
40
6
1.53
ESSO12
84
90
6
2.7
DD89GR01
68.4
73.6
5.2
2.8
PD89GR0
120
129.75
9.75
2.24
PD89GR06
58
66.5
8.5
2.95
DD90GR07
189
195.1
6.1
2.73
DD90GR09
120
123.6
3.6
3.78
and
141
145.3
4.25
2.48
GSRD028
207
210
3
2.52
GSRD029
59
66
7
5.51
GSRD040
66
71
5
2.02
GSRD041
225
230
5
2.28
GSRD042
52
63
11
2.02
GSRD046
130
134
4
2.12

 

In July 2006 The Company announced that, following its intensive exploration programmes, it had increased the JORC-compliant resource at the Koonenbery Base Metal Project by more than 1000%, to:

5.75Mt at 1.03% Cu, 0.35% Zn, 2.30g/t Ag and 0.05g/t Au

containing approximately 60,000 tonnes of copper.

Mineralisation has been intersected over the entire 4,000 metres of strike that has been drill-tested to date. This mineralisation remains open in both directions along strike and at depth.

Results of ground electromagnetic survey at the Koonenberry
Base Metal Project and the location of all drill hole collars,
with select assay results



Longitudinal section of mineralisation at the Grasmere Copper Deposit


 

Longitudinal section of mineralisation at the Peveril Prospect


Exploration Upside

Exceptionally encouraging results have been returned over the entire 4,000 metres of strike that have been investigated during the Company’s recent drilling programmes. These results confirm that the Grasmere and Peveril Copper Deposits are part of a considerably larger and significant mineralised massive sulphide system.

To date only 4 kilometres of the stratigraphic horizon that hosts the mineralisation has been explored. More than 50 kilometres of this prospective horizon remains untested within the Company’s exploration licenses. The Company will continue to aggressively explore this horizon.

Drilling at the Koonenberry Base Metal Project

 

 

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