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Anax Metals Confirms High-Grade Evelyn Intersections

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THE DRILL SERGEANT: Anax Metals (ASX: ANX) reported assay results for four diamond drill holes completed in August at the Evelyn project, part of the company’s Whim Creek project southwest of Port Hedland in Western Australia.

Anax Metals explained the purpose of the latest program was to test for down-plunge extensions and to increase drill density for resource conversion purposes.

The best intersection encountered was:

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9.7 metres at 2.65 per cent coper equivalent (CuEq) from 180.3m, including 3.2m at 5.63 per cent CuEq from 186m.

The company drilled a further hole designed to intersect the high-grade shoot below previously announced drill hole JER074.

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13m at 2.56 per cent copper, 4.98 per cent zinc, 1.92 grams per tonne gold and 41g/t silver.

Anax declared Evelyn to remain open down plunge where the company is planning a Reverse Circulation (RC) drilling program for the coming quarter that it anticipates testing the potential plunge position at Evelyn as part of the campaign.

“Evelyn drilling continues to deliver high grade intersections, and we are excited to be expanding our exploration focus within the Evelyn region,” Anax Metals managing director Geoff Laing said in the company’s ASX announcement.

“The deposit remains open at depth which we will test in future along with current work focussing on targets with similar high-grade potential.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

GreenTech Metals and Anax Metals Strike Copper Focussed Pilbara Based Metal Alliance

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THE BOURSE WHISPERER: GreenTech Metals (ASX: GRE) has struck a deal with Anax Metals (ASX: ANX) to jointly assess potential of the latter to treat the former’s base metal assets.

GreenTech Metals and Anax Metals have signed a non-binding and non-exclusive Memorandum of Understanding (MoU) under which they will assess potential treatment of ore from GreenTech’s wholly-owned open-pittable Whundo deposit, at Anax’s fully-permitted Whim Creek Processing hub.

The proposed Whim Creek project (80% owned by Anax and 20% owned by Develop Global) will consist of a new concentrator, and a refurbished heap leach facility capable of treating oxide, transitional and supergene ore.

Here’s where the deal makes sense; Whim Creek is located 115 kilometres southwest of Port Hedland in the West Pilbara region of Western Australia, and just 100km northeast of GreenTech’s Whundo deposit.

The two companies are forming a Pilbara Base Metal Alliance which they envisaged to consist of base metal explorers that are seeking to monetize assets that are within trucking distance of Whim Creek.

“This is a great opportunity for GreenTech that could see a formalised Alliance with Anax taking significant steps towards establishing near-term mining operations at our Whundo project,” GreenTech Metals managing director Tom Reddicliffe said in the company’s ASX announcement.

“Our project already has defined open-pittable copper and zinc resources and potential to define additional near surface resource tonnes at both Yannery and Ayshia.

“The alliance could be the catalyst that the West Pilbara needs to become a significant copper producer and we look forward to working closely with Anax to make this a reality.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE