March 2010 Highlights
- The latest drilling program at Zamia’s Anthony Prospect was completed during the quarter. Assay results for the 31 holes drilled to date have been received and significant intersections have been reported to the ASX. Mineralisation remains open laterally and at depth.
- Independent resource consultants, Hellman and Schofield Pty Ltd (‘H&S’) announced a resource estimate for Anthony of 81 million tonnes (‘Mt’) at 0.43% (430 ppm) molybdenum (Mo) at a cut-off grade of 0.02% (200 ppm) Mo in the primary sulphide zone.
- The resource includes a high grade zone of 13.5 Mt at 750 ppm Mo.
- H&S also reported an additional 36 Mt at 380 ppm Mo in the oxide and transition zones. Zamia has commenced a program of metallurgical testwork to determine whether a marketable Mo product can be recovered from this material.
- A scout drilling program was completed at the Matilda gold target and assay results reported to the ASX. Results were encouraging; three of the six holes showed thick intersections of elevated gold concentrations..