March 2009 Highlights
31 March Quarterly Report Highlights
- Strategic review undertaken of both gold and molybdenum targets
- Approached by several companies to joint venture into gold interests
- Quarter on quarter operating costs pared back further
- International Base Metals Limited increases equity stake to 13.1%
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Quarterly Activities Report 31 March
June 2009 Highlights
30 June Quarterly Report Highlights
- Review of past exploration data show ed that two shallow reverse circulation (RC) holes, dating from the 1990's, had intersected elevated molybdenum (Mo) concentrations in an area 75 km north of Clermont. In the second half of 2007 Zamia initiated a soil geochemical survey which showed geochemically anomalous Mo-in-soil over an area about 1000m x 500m at what was then named the Anthony prospect.
- In early 2008, an initial RC drilling programme to 150m depth show ed potentially economic molybdenum grades over an area of 750m x 300m in w hat was interpreted to be a porphyry-style deposit. couragingly, the drilling show ed a central “core” of high grade (+ 800 ppm Mo) mineralisation.
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Quarterly Activities Report 30 June
September 2009 Highlights
30 September Quarterly Report Highlights
Zamia has as its main focus the Anthony molybdenum prospect, located 75 km northwest of Clermont. Although the molybdenum price has partly recovered from its low point in May 2009, it remains weak. However, recent corporate deals involving potential molybdenum producers suggest that the long-term molybdenum price may be firmer. The Directors are optomistic that the Anthony deposit, with its high grade molybdenum core, will be able to support a viable mining and processing operation. With this in mind, Zamjia will be commencing a resource drilling programme at the Anthony deposit in early November. Zamia has also identified a number of gold targets to be tested by drilling.
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Quarterly Activities Report 30 September
December 2009 Highlights
31 December Quarterly Report Highlights
- At the Anthony molybdenum deposit, Zamia commenced a drilling programme aimed at defining an initial resource in the high grade zone.
- Assay results are not expected until February but visible mineralisation provides encouragement.
- The northern end of the target zone appears to have good molybdenum concentrations, suggesting that the high grade zone is open-ended to the north.
- In January 2010, the RC drilling rig moved to the Matilda gold prospect (20 km north of Anthony) to commence a drilling programme.
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Quarterly Activities Report 31 Decemeber