HIGHLIGHTS
- Maiden field program, including rock and soil geochemistry, confirms and extends antimony mineralisation at the historic Munga Creek Prospect, Windfall Project.
- Antimony up to 8.56% in rocks and 1.05% in soils returned in the survey.
- The most significant anomaly corresponds with the historical Munga Creek Mine, where the mineralisation remains open south of the workings.
- Strong multielement signals promote future exploration and improve drill targeting
- Good potential to locate additional resources by exploring the extensions of known structures and veins and by locating new vein structures in the hinge areas to identified folds
- A reconnaissance drill programme will be organised as soon as practicable and subject to access
Summit Minerals Limited (ASX: SUM, “Summit” or the “Company”) is pleased to report on three significant soil and rock geochemistry anomalies, including Munga Creek, at the Company’s 100% owned Windfall Antimony Project near Kempsey in NSW. Each north-south trending multi-element anomaly lies within an inferred east-west corridor and corresponds with a topographic high (Figure 1). The interpreted corridor extends west through the Pinnacle and Tooroka Camps.
Rock chips up to 8.56% Sb and 1.05% Sb in ultrafine soils were returned from first-pass exploration across the historical workings. The central and most significant anomaly corresponds with the historical Munga Creek Mine, where the mineralisation remains open south of the workings.
The positive results across Munga Creek reinforce the prospectivity and pave the way for follow-up exploration activities, including drilling (subject to access).
Summit’s Exploration Manager, Jonathan King, commented:
“These are the first rock and soil geochemistry results for the Munga Creek area since the late 1990s. The results confirm that the area is prospective for antimony mineralisation beyond the Munga Creek Mine. The tenor of the results is consistent with those delivered previously”.
“Three distinctive multielement anomalies, which include antimony, arsenic, gold, mercury, and lead, lie within a distinctive east-west band, and are confined to adjacent hill crests. Field checking will commence later this month to confirm the controls on the mineralisation, as the results support other possibilities in part to those adopted by the early explorers, who concentrated mainly on north-south trends”.
About us:
Summit Minerals Limited is an Australian-focused ASX-listed battery mineral exploration Company with a portfolio of projects in demand-driven commodities. It is focused on systematically exploring and developing its projects to delineate multiple JORC-compliant resources.
Summit's projects include the Windfall and Magwood Antimony Projects in the antimony-gold province of the southern New England Fold Belt region in NSW, the Stallion REE Project in Ponton River WA, the Phillips River Lithium Project in Ravensthorpe WA, and the Bridgetown Lithium Project in Bridgetown WA, strategically located along strike of Talison’s Greenbushes Mine. Through focus, diligence and execution, the board of Summit Minerals is determined to unlock previously unrealised value in our projects.
Contact details:
Chloe Hayes
chloe@janemorganmanagement.com.au