Syndicated Metals
Syndicated Metals (ASX: SMD) is an Australian base metals exploration and development company with over 4,000 square kilometres in the world recognized Mount Isa mineral province in North Queensland.
The company has two advanced base metals projects with a combined resource inventory in excess of 269,000 tonnes Copper, 30,000 tonnes Molybdenum, 2.3 million ounces Rhenium and 315,000 ounces Gold.
It also has a number of advanced and early stage exploration targets on the surrounding tenements.
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Syndicated Metals unearths new copper, gold trend near Kalman
Syndicated Metals (ASX: SMD) has discovered consistent high grade copper-gold mineralisation over 900 metres of strike from rock chip sampling 5 kilometres to the southeast of the Kalman deposit in the Mount Isa region of Queensland.
The Kalman deposit is an advanced molybdenum-rhenium and copper-gold deposit covering 700 square kilometres in the mineral-rich Mt Isa region.
A review of the existing 60.8 million tonnes at 0.32% copper, 0.05% molybdenum, 1.19 grams per tonne (g/t) rhenium and 0.15g/t gold JORC Resource at Kalman is currently underway.
Importantly, the Kalman deposit has the potential to be a company
maker for Syndicated with its significant exploration potential as a
result of its sizeable targets.
Thirty two samples were
collected within EPM13870, with 10 contiguous samples taken over the
strike length returning strongly anomalous copper and gold averaging 0.6
grams per tonne (g/t) gold and 3% copper at what is known as the
Pandora’s Gift prospect.
The Pindora Fault is sub-parallel to
the Pilgrim Fault zone which hosts the Kalman molybdenum-rhenium and
copper-gold deposit as well as a range of other base metal and gold
targets.
The Pindora Fault zone can be traced at surface within Syndicated tenements for approximately 10 kilometres.
Sampling
was carried out a nominal 100 metre centres along the northern 2.5
kilometre section of the fault within EPM13870, which is within the
Kalman Joint Venture with Cerro Resources (ASX: CJO).
The Pindora copper mine is located about 3 kilometres north of the tenement boundary within the Pindora Fault.
Visible
oxide copper mineralisation (malachite) has also been mapped along the
southern strike extension of the fault as far as Syndicated’s Dronfield
copper-gold prospect within the wholly owned EPM13869. This zone has yet
to be sampled in detail.
The mineralised fault zone is believed
to hold substantial potential to yield shallow copper-gold
mineralisation to further augment resources at the nearby Kalman
deposit, as well as being prospective for major discoveries at depth.
Syndicated Metals plans to undertake further sampling in the forthcoming field season.
