Voyager to acquire second major porphyry copper project in Mongolia
Voyager Resources (ASX: VOR) has entered into an agreement to acquire up to 80% of the Khul Morit Copper Project in the Gobi Region of Mongolia.
Highlights:
The project comprises five exploration licences for approximately 50 square kilometres of highly prospective ground.
Limited drilling conducted to date has returned highly encouraging shallow high grade copper mineralisation, including:
27 metres at 2.09% copper from 28.8 metres (KH04), including:
12.5 metres at 3.63 % copper from 43.3 metres
Previously completed drilling has been ineffective in testing recently acquired Induced Polarisation (IP) and ground magnetic geophysical targets.
Two high order gradient array IP anomalies have been identified; the anomalies extend for over 800 metres and 2,500 metres respectively. These IP anomalies are broadly consistent with identified copper mineralisation identified at surface.
Mineralised intersected in KH04 is located on the periphery of the smaller 800 metre long IP anomaly and remains open along strike and down dip.
Geophysical surveys, including more expansive IP, ground magnetics and gravity are now planned to commence at Khul Morit within two weeks, with drilling to follow shortly after.
Voyager plans to complete at least 10,000 metres of Reverse Circulation and diamond core drilling in 2011 at Khul Morit
This is an exceptional project located within an underexplored “World Class” Porphyry Belt that hosts the Giant Oyu Tolgoi Porphyry Deposit.
Highlights:
The project comprises five exploration licences for approximately 50 square kilometres of highly prospective ground.
Limited drilling conducted to date has returned highly encouraging shallow high grade copper mineralisation, including:
27 metres at 2.09% copper from 28.8 metres (KH04), including:
12.5 metres at 3.63 % copper from 43.3 metres
Previously completed drilling has been ineffective in testing recently acquired Induced Polarisation (IP) and ground magnetic geophysical targets.
Two high order gradient array IP anomalies have been identified; the anomalies extend for over 800 metres and 2,500 metres respectively. These IP anomalies are broadly consistent with identified copper mineralisation identified at surface.
Mineralised intersected in KH04 is located on the periphery of the smaller 800 metre long IP anomaly and remains open along strike and down dip.
Geophysical surveys, including more expansive IP, ground magnetics and gravity are now planned to commence at Khul Morit within two weeks, with drilling to follow shortly after.
Voyager plans to complete at least 10,000 metres of Reverse Circulation and diamond core drilling in 2011 at Khul Morit
This is an exceptional project located within an underexplored “World Class” Porphyry Belt that hosts the Giant Oyu Tolgoi Porphyry Deposit.
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