Page 30 - pd292-Apr21-mag-web

soutH AustrALiA

Marmota rising

to the challenge

Marmota Ltd completed phase one of
its largest ever soil sampling programme
outwards of the Aurora Tank gold project,
after reporting a best-ever 1m intersec-
tion of 165 g/t gold from 66m downhole
from RC drilling earlier this year.
The soil sampling programme encom-
passing tenements surrounding Aurora
Tank tested 1,768 individual sample lo-
cations, covering about 300sq km of
ground on a 400m spaced sample grid.
Marmota is exploring in some areas
around the Challenger gold mine, ad-
jacent to Aurora Tank, which has been
under-explored. It is the first time the
company has undertaken work on these
tenements.
Marmota’s exploration work is being
jointly funded by the South Australian
Government through the $225,000 grant
awarded under the Accelerated Discov- A resource re-estimation at Paris will underpin a PFS on the project, which Investigator
ery Initiative. aims to complete in June
in the upcoming resource estimate,” he oped in two stages starting with the min-
Investigator’s said. ing of 600,000 tpa (dry) of DSO material
for toll processing overseas and includ-
“The majority of results from the labo-
ratory have now been received and we ing construction of the site access road,
darling at Paris are in the final stages of compiling these internal haul roads and the initial pit.
assays. We eagerly await the return and
Stage two of Great White will involve
finalisation of the samples from lines to the onsite processing of 500,000 tpa of
Australia’s highest grade undeveloped the south as these assays will enable us ore to produce up to 250,000 tpa of re-
primary silver project – Paris – continues to better understand the potential to ex- fined halloysite-kaolin product with the
to deliver improved continuity of grade tend the indicated resource estimate in construction of a wet-processing plant,
giving Investigator Resources Ltd further the southern region outside its current water pipeline and LPG generator.
confidence in the location of mineralisa- footprint.”
tion at the project. The new resource at Paris will under-
A 20,500m infill drilling programme at pin a PFS on the project. A new man at
Paris was completed in December, with
results continuing to be received by the
company ahead of the re-estimation of Great White Portalis
the existing resource.
Paris currently hosts 9.3mt @ 139 g/t Portalis – the Iron Road Ltd, Eyre Penin-
silver and 0.6% lead for 42 moz con- wades on sula Co-operative Bulk Handling (EPCBH)
tained silver and 55,000t contained lead, and Macquarie Capital JV – has appointed
which is shallow and amenable to open Andrew Newman as project director.
pit mining. mining lease Portalis is the developer of the proposed
Investigator managing director Andrew $250 million Cape Hardy Stage 1 port pro-
McIlwain said the continuing trend of A decision on the mining lease applica- ject on Eyre Peninsula.
high-grade mineralisation to the south of tion submitted by Andromeda Metals Ltd Newman – who recently spent 13 years
previously reported results from the infill for the Great White kaolin project, near as a senior infrastructure developer in Mac-
drilling campaign was good signs leading Poochera, is expected to be delivered by quarie’s Adelaide office – joins Portalis as
into the resource update. the South Australian Minister for Energy the Cape Hardy Stage 1 port progresses
“The intersection in hole PPDH166 of and Mining later this year. towards a final investment decision.
26m @ 674 g/t silver from 52m, is the Andromeda forwarded its application The Federal Government has commit-
sixth highest intersection across the en- last month, ahead of the imminent com- ted $25 million towards developing and
tire Paris deposit in terms of length and pletion of a DFS on Great White. constructing the first stage of the Cape
grade. These substantial widths and The company aims to start operations Hardy port that will ultimately bring togeth-
down-hole continuity, coupled with the at Great White in February 2022. er agriculture, mining, renewable hydro-
closer drilling from the infill programme, According to the mining lease submis- gen, green manufacturing and indigenous
add support to an increased confidence sion, Great White is poised to be devel- business into a multi-user, multi-commod-

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