FFR - Firefly Resources
- Thread starter massno
- Start date
prawn_86
Mod: Call me Dendrobranchiata
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Re: BMY - Brumby Resources
MACH,
If you are going to state that something is a bargain please provide evidence as to why you think that.
thanks
Prawn
MACH,
If you are going to state that something is a bargain please provide evidence as to why you think that.
thanks
Prawn
Re: BMY - Brumby Resources
Just basic info stating their cheap since it was up in their 0.30's (cents) due to an announcement on iron ore potential discovery in the Pilbarra. With 2 large targets found in ground gravity and aeromagnetic surveys. Although no rock chip samples at all were made yet. And also waiting for Goldsworthy results, which BMY has JV with IGO. And waiting for rock chip samples from manganese tenement Bootu creek, which is nearby established manganese mine.
Just basic info stating their cheap since it was up in their 0.30's (cents) due to an announcement on iron ore potential discovery in the Pilbarra. With 2 large targets found in ground gravity and aeromagnetic surveys. Although no rock chip samples at all were made yet. And also waiting for Goldsworthy results, which BMY has JV with IGO. And waiting for rock chip samples from manganese tenement Bootu creek, which is nearby established manganese mine.
Re: BMY - Brumby Resources
too add to this information .... market cap is around 6m which is at the lower end of the scale for explorers with a foot in iron ore tenemants along with avz..pek..itt..mei and so forth
too add to this information .... market cap is around 6m which is at the lower end of the scale for explorers with a foot in iron ore tenemants along with avz..pek..itt..mei and so forth
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Re: BMY - Brumby Resources
A very nice 1 million buy order has just been placed at 15.5 cents, what do we make of that? Prop or a serious bidder?
Upbidding in progress, lets see where BMY ends up today
A very nice 1 million buy order has just been placed at 15.5 cents, what do we make of that? Prop or a serious bidder?
Upbidding in progress, lets see where BMY ends up today
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Re: BMY - Brumby Resources
Watched the trading yesterday and it was quite clear that any sellers 25c or below where just taken out, and there were some sizeable trades going through.
Watched the trading yesterday and it was quite clear that any sellers 25c or below where just taken out, and there were some sizeable trades going through.
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Re: BMY - Brumby Resources
i have a heap of brumby but today i was out all day so saw the action when
i got home,brumby have 2 gold projects in the w.a. goldfields,brilliant well is
40ks north of leonora(go to www.brumbyresources.com) they have an 18km
long shear zone in the middle of multi million oz finds at tarmoola,darlot &
thunderbox,see map.
the frances furness gold project is a ripper,historical mining of 3 high grade
prospects(ff & salvation)returned 24,452 ounces from 45,540 tonnes for av
grade of 16.7 g/t,brumby drills have already produced 16.4 g/t @ 3m,also
underground stope sampling a massive 404 g/t au @2.4m,218 g/t @1.2m
brumby has huge amounts of gold to come out of those 2 projects,if you go
to brilliant well they have an 18km strike in the middle of 2m,2m,3m,5m oz
finds & the tenement takes up about 90% of the shear zone,also recently
there was reports that u308 was discovered east of brumbys area by
liberty resources,so it is an interesting time for this company as they also
have a huge iron ore area next to ago at pardoo & the jv with igo at
goldsworthy should be going along nicely,hoping for a real big io/gold find
soon,my guess is the gold drilling at ff & bw is the cause of the current
interest,kal has 1.4m oz & i cant see bmy having any less than that so at
the present market cap.with only 32m shares they could go real well...tb
i have a heap of brumby but today i was out all day so saw the action when
i got home,brumby have 2 gold projects in the w.a. goldfields,brilliant well is
40ks north of leonora(go to www.brumbyresources.com) they have an 18km
long shear zone in the middle of multi million oz finds at tarmoola,darlot &
thunderbox,see map.
the frances furness gold project is a ripper,historical mining of 3 high grade
prospects(ff & salvation)returned 24,452 ounces from 45,540 tonnes for av
grade of 16.7 g/t,brumby drills have already produced 16.4 g/t @ 3m,also
underground stope sampling a massive 404 g/t au @2.4m,218 g/t @1.2m
brumby has huge amounts of gold to come out of those 2 projects,if you go
to brilliant well they have an 18km strike in the middle of 2m,2m,3m,5m oz
finds & the tenement takes up about 90% of the shear zone,also recently
there was reports that u308 was discovered east of brumbys area by
liberty resources,so it is an interesting time for this company as they also
have a huge iron ore area next to ago at pardoo & the jv with igo at
goldsworthy should be going along nicely,hoping for a real big io/gold find
soon,my guess is the gold drilling at ff & bw is the cause of the current
interest,kal has 1.4m oz & i cant see bmy having any less than that so at
the present market cap.with only 32m shares they could go real well...tb
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Re: BMY - Brumby Resources
A big anns. today of brumby for the iron ore rights in the jv with IGO on the
goldsworthy project,this project was added after listing at 20c about 16
months ago,the connection with IGO looks to be real good for brumby both
md's geoff jones-brumby,chris bonwick-IGO,where at resolute mining,brumby
have some very promising iron ore tenements at pardoo that runs into one
of bhps area,also have 2 manganese projects close to existing mines at
bootu creek & woodie woodie..ive always thought brumby is a miner going
places more so now that IGO has taken 11% of brumby,i will post more info
here as i have elsewhere for punters to go over...tb
ASX Release 15 February 2008
IRON ORE RIGHTS SECURED AT GOLDSWORTHY
FOLLOWING POSITIVE DRILLING RESULT
• Agreement finalised to purchase 100% of the iron ore rights to the Goldsworthy
Project tenements, East Pilbara (WA).
• Independence Group NL to become Brumby’s largest shareholder (~11% stake) as a
result of this transaction.
• Brumby’s first RC drill hole intersects significant widths of iron ore mineralisation,
supporting historical results from Rio Tinto drilling.
• Best intersection of 30m @ 29% Fe from 96m with the hole ending in magnetite ore
(EOH).
• Two hematite-rich horizons also encountered.
Diversified explorer Brumby Resources Limited (ASX: BMY – “Brumby”) is pleased to advise that it
has completed an agreement with its joint venture partners, Independence Group NL (IGO) and
Western Australian Resources Limited (WAR), to purchase the iron ore rights to the Goldsworthy
Project, located approximately 70 kilometres east of Port Hedland in the world-class East Pilbara
Region of Western Australia (see Figure 1 attached).
The Goldsworthy Project comprises two granted Exploration Licences E45/2538 and E45/2539
covering an area of approximately 450km² and is located close to quality infrastructure including
major roads, rail lines and port facilities; complementing Brumby’s other large strategic land
holdings in the area including its nearby Pardoo East Iron Ore Project.
The acquisition – which will result in Independence Group becoming Brumby’s largest shareholder
with an 11% stake – follows encouraging results received from a first-pass Reverse Circulation
(RC) drilling programme completed by Brumby on the Goldsworthy Project.
Historic drilling in the Project area by Rio Tinto had delineated magnetite-bearing banded iron
formation and ultramafic rock. Two of the Rio Tinto holes intercepted multiple widths of magnetite
mineralisation, returning 54m @ 29.1% Fe from 76m and 64m @ 29.7% Fe from 142m in hole
97DG006, and 134m @ 24.7% Fe from 36m and 27m @ 32% Fe from 208m to 235m (EOH) in
hole 97DG003 (see Figure 2 attached).
The intersections received from Brumby’s recent drilling – which was targeting a prominent ground
magnetic-ground gravity anomaly and following up an anomalous platinum-copper-gold
intersection – have continued to enhance the potential of the Goldsworthy tenements for iron ore
mineralization.
RC Drill Results
The results (see table below and Fig. 2), from the first hole completed on tenement E45/2539,
included an encouraging intersection of 30 metres (96m-126m EOH) of magnetite
mineralisation grading 29% Fe. The hole also intersected two hematite-rich horizons with grades
of 28.9% and 25.2% Fe.
Table 1 – Goldsworthy Project, Initial RC Drilling Results
Hole ID Northing Easting Dip
(degs)
From To Width
(m)
Fe
(%)
SiO2
(%)
Al2O3
(%)
P
(%)
LOI
(%)
DGRC021
7765960
736934
60
44
69
25*
28.9
52.1
2.6
0.03
3.7
80
93
13*
25.2
58.4
0.8
0.44
4.3
96
126
30
29.0
50.9
1.4
0.049
0.7
*Indicates hematitic rich horizon
Brumby regards the discovery of both hematite and magnetite mineralization under cover from the
very first hole of the programme as highly encouraging. Hematite and magnetite mineralization
frequently occur in close association in the East Pilbara region, as evidenced by other major
deposits currently being explored and developed in the region such as Atlas Iron’s nearby Pardoo
Project.
Drill hole DGRC021 was located in proximity to the previously completed IGO and Rio Tinto drill
holes and was designed to follow up the anomalous platinum-copper-gold intersection reported
previously by the IGO/WAR Joint Venture of 30m @ 220ppb PGE+Au and 0.15% Cu from 60-90m
beneath 60 metres of cover.
Under the terms of Option/Joint Venture Agreement between Brumby, IGO and WAR completed in
August 2007, Brumby was completing its first phase of drilling to better test the PGE anomaly. Assay
results from this first hole did not indicate anomalous platinum-copper-gold values.
Acquisition of Iron Rights
Brumby initially had an earn-in position on the two Goldsworthy Project tenements, under the August
2007 Option/Joint Venture Agreement. This agreement did not include the iron ore rights which
Brumby will now acquire after entering into an acquisition agreement with the Joint Venture partners
for 100% of the iron ore rights on both granted exploration licences.
In consideration for the acquisition, Brumby will issue 4 million shares to IGO with both IGO and
WAR each retaining a 1% gross sales royalty on any iron ore that is extracted from the tenements.
As a result of this transaction, IGO will become Brumby’s largest shareholder with approximately
11% of the issued shares in the Company. Brumby has also agreed to grant IGO a first right of
refusal on Brumby’s other iron ore prospective tenements in Western Australia.
Brumby will also exercise the existing option with IGO and WAR to enter into a Joint Venture
Agreement over the Project tenements.
Brumby’s Managing Director, Mr Geoff Jones, said the acquisition of the iron ore rights on the
Goldsworthy Project represented a significant development for the Company as it continued to build
a substantial iron ore portfolio in the East Pilbara region.
“The intersections of both hematite and magnetite mineralization represent an important
development, and in conjunction with the Rio Tinto results, highlight the potential for the occurrence
of iron ore deposits below the cover sequence across our broader Pilbara land holdings,” he said.
“We are particularly pleased that hematite mineralization is present at this very early stage in our
exploration programme.
“The prospectivity of this region for both styles of iron ore mineralization is well established, and we
believe there is excellent potential to make additional discoveries and define both hematite and
magnetite resources within our tenements,” Mr Jones added.
"Together with the large iron ore targets identified at the nearby Pardoo East Project in November
last year, the Goldsworthy Project adds a significant string to our bow in the East Pilbara region and
represents an exciting new exploration target for the Company in continuing to advance towards our
goal of developing a major iron ore project in the East Pilbara region,” he added.
Mr Jones also said he was pleased to welcome leading mid-tier mining company Independence
Group as a major shareholder of Brumby. “The fact that Independence has agreed to take a major
equity position in our Company shows the confidence that such a large and well respected mining
group has in our Pilbara assets and the Brumby team,” he said.
The Company plans to accelerate further drill testing of the two identified magnetic-gravity anomalies
on the Goldsworthy tenements once an appropriate drill rig has been contracted.
Geoff M Jones
Managing Director
For further inquiries, contact:
Geoff Jones, Telephone: (08) 9486 8333
A big anns. today of brumby for the iron ore rights in the jv with IGO on the
goldsworthy project,this project was added after listing at 20c about 16
months ago,the connection with IGO looks to be real good for brumby both
md's geoff jones-brumby,chris bonwick-IGO,where at resolute mining,brumby
have some very promising iron ore tenements at pardoo that runs into one
of bhps area,also have 2 manganese projects close to existing mines at
bootu creek & woodie woodie..ive always thought brumby is a miner going
places more so now that IGO has taken 11% of brumby,i will post more info
here as i have elsewhere for punters to go over...tb
ASX Release 15 February 2008
IRON ORE RIGHTS SECURED AT GOLDSWORTHY
FOLLOWING POSITIVE DRILLING RESULT
• Agreement finalised to purchase 100% of the iron ore rights to the Goldsworthy
Project tenements, East Pilbara (WA).
• Independence Group NL to become Brumby’s largest shareholder (~11% stake) as a
result of this transaction.
• Brumby’s first RC drill hole intersects significant widths of iron ore mineralisation,
supporting historical results from Rio Tinto drilling.
• Best intersection of 30m @ 29% Fe from 96m with the hole ending in magnetite ore
(EOH).
• Two hematite-rich horizons also encountered.
Diversified explorer Brumby Resources Limited (ASX: BMY – “Brumby”) is pleased to advise that it
has completed an agreement with its joint venture partners, Independence Group NL (IGO) and
Western Australian Resources Limited (WAR), to purchase the iron ore rights to the Goldsworthy
Project, located approximately 70 kilometres east of Port Hedland in the world-class East Pilbara
Region of Western Australia (see Figure 1 attached).
The Goldsworthy Project comprises two granted Exploration Licences E45/2538 and E45/2539
covering an area of approximately 450km² and is located close to quality infrastructure including
major roads, rail lines and port facilities; complementing Brumby’s other large strategic land
holdings in the area including its nearby Pardoo East Iron Ore Project.
The acquisition – which will result in Independence Group becoming Brumby’s largest shareholder
with an 11% stake – follows encouraging results received from a first-pass Reverse Circulation
(RC) drilling programme completed by Brumby on the Goldsworthy Project.
Historic drilling in the Project area by Rio Tinto had delineated magnetite-bearing banded iron
formation and ultramafic rock. Two of the Rio Tinto holes intercepted multiple widths of magnetite
mineralisation, returning 54m @ 29.1% Fe from 76m and 64m @ 29.7% Fe from 142m in hole
97DG006, and 134m @ 24.7% Fe from 36m and 27m @ 32% Fe from 208m to 235m (EOH) in
hole 97DG003 (see Figure 2 attached).
The intersections received from Brumby’s recent drilling – which was targeting a prominent ground
magnetic-ground gravity anomaly and following up an anomalous platinum-copper-gold
intersection – have continued to enhance the potential of the Goldsworthy tenements for iron ore
mineralization.
RC Drill Results
The results (see table below and Fig. 2), from the first hole completed on tenement E45/2539,
included an encouraging intersection of 30 metres (96m-126m EOH) of magnetite
mineralisation grading 29% Fe. The hole also intersected two hematite-rich horizons with grades
of 28.9% and 25.2% Fe.
Table 1 – Goldsworthy Project, Initial RC Drilling Results
Hole ID Northing Easting Dip
(degs)
From To Width
(m)
Fe
(%)
SiO2
(%)
Al2O3
(%)
P
(%)
LOI
(%)
DGRC021
7765960
736934
60
44
69
25*
28.9
52.1
2.6
0.03
3.7
80
93
13*
25.2
58.4
0.8
0.44
4.3
96
126
30
29.0
50.9
1.4
0.049
0.7
*Indicates hematitic rich horizon
Brumby regards the discovery of both hematite and magnetite mineralization under cover from the
very first hole of the programme as highly encouraging. Hematite and magnetite mineralization
frequently occur in close association in the East Pilbara region, as evidenced by other major
deposits currently being explored and developed in the region such as Atlas Iron’s nearby Pardoo
Project.
Drill hole DGRC021 was located in proximity to the previously completed IGO and Rio Tinto drill
holes and was designed to follow up the anomalous platinum-copper-gold intersection reported
previously by the IGO/WAR Joint Venture of 30m @ 220ppb PGE+Au and 0.15% Cu from 60-90m
beneath 60 metres of cover.
Under the terms of Option/Joint Venture Agreement between Brumby, IGO and WAR completed in
August 2007, Brumby was completing its first phase of drilling to better test the PGE anomaly. Assay
results from this first hole did not indicate anomalous platinum-copper-gold values.
Acquisition of Iron Rights
Brumby initially had an earn-in position on the two Goldsworthy Project tenements, under the August
2007 Option/Joint Venture Agreement. This agreement did not include the iron ore rights which
Brumby will now acquire after entering into an acquisition agreement with the Joint Venture partners
for 100% of the iron ore rights on both granted exploration licences.
In consideration for the acquisition, Brumby will issue 4 million shares to IGO with both IGO and
WAR each retaining a 1% gross sales royalty on any iron ore that is extracted from the tenements.
As a result of this transaction, IGO will become Brumby’s largest shareholder with approximately
11% of the issued shares in the Company. Brumby has also agreed to grant IGO a first right of
refusal on Brumby’s other iron ore prospective tenements in Western Australia.
Brumby will also exercise the existing option with IGO and WAR to enter into a Joint Venture
Agreement over the Project tenements.
Brumby’s Managing Director, Mr Geoff Jones, said the acquisition of the iron ore rights on the
Goldsworthy Project represented a significant development for the Company as it continued to build
a substantial iron ore portfolio in the East Pilbara region.
“The intersections of both hematite and magnetite mineralization represent an important
development, and in conjunction with the Rio Tinto results, highlight the potential for the occurrence
of iron ore deposits below the cover sequence across our broader Pilbara land holdings,” he said.
“We are particularly pleased that hematite mineralization is present at this very early stage in our
exploration programme.
“The prospectivity of this region for both styles of iron ore mineralization is well established, and we
believe there is excellent potential to make additional discoveries and define both hematite and
magnetite resources within our tenements,” Mr Jones added.
"Together with the large iron ore targets identified at the nearby Pardoo East Project in November
last year, the Goldsworthy Project adds a significant string to our bow in the East Pilbara region and
represents an exciting new exploration target for the Company in continuing to advance towards our
goal of developing a major iron ore project in the East Pilbara region,” he added.
Mr Jones also said he was pleased to welcome leading mid-tier mining company Independence
Group as a major shareholder of Brumby. “The fact that Independence has agreed to take a major
equity position in our Company shows the confidence that such a large and well respected mining
group has in our Pilbara assets and the Brumby team,” he said.
The Company plans to accelerate further drill testing of the two identified magnetic-gravity anomalies
on the Goldsworthy tenements once an appropriate drill rig has been contracted.
Geoff M Jones
Managing Director
For further inquiries, contact:
Geoff Jones, Telephone: (08) 9486 8333
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- 13 June 2007
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- 2
Re: BMY - Brumby Resources
some previous brumby anns...the first phase of drilling at francess furness,
2nd phase drilling is underway,underground stope sampling at the bohemia
prospect produced 2.4m@ 404 g/t,1.2m@218 g/t,current drilling of 2nd phase
will produce very high grades..
currently 2ndASX ANNOUNCEMENT – FRIDAY, 20 APRIL 2007
FRANCES FURNESS DRILLING PROGRAMME RESULTS
______________________________________________
SUMMARY
• Significant gold intersections returned from the Frances Furness Project drilling
programme.
Bohemia Prospect
High grade gold intersection returned:
3m @ 16.44g/t Au from 57m
Inc.
1m @ 41.31g/t Au
Eric North Prospect
Main widths of anomalous gold mineralisation intersected:
20m @ 0.79g/t Au from 24m
Inc.
3m @ 2.03g/t Au
51m @ 0.30g/t Au from 32m
Inc.
1m @ 1.65g/t Au
1m @ 9.14g/t Au from 42m
FRANCES FURNESS DRILLING PROGRAMME RESULTS
The Directors of Brumby Resources Ltd are pleased to announce the drilling results from the
Company’s first drilling campaign at the Frances Furness Project located approximately four
kilometres south of St Barbara’s operating Marvel Loch gold mine, which is located 30
kilometres south of Southern Cross.
The drilling programme consisted of 11 holes for 1779 metres at the Eric North and Bohemia
prospects, with the specific aim of assessing the extension of already defined gold
mineralisation and to provide a better understanding of the geology and structural setting.
(Refer to figure 1).
The Project area consists of granted Mining Lease 77/25 and Prospecting License 77/3464
encompassing an area of 64 hectares.
The Company has entered into an option agreement where it may purchase 100% interest in
the tenements for a cash consideration and an issue of shares.
Historical production (1907 to 1936) from the small high grade Salvation, Frances Furness
and Bohemia mines produced 24,362 ounces of gold from 45,540 tonne at an average gold
grade of 16.7g/t. More recent (1997 to 2002) exploration drilling by the Dusky/Lithos syndicate
made two further discoveries at Frances Furness South (2.80m @ 20.07g/t Au) from 221m
and at Eric Prospect (2m @14.89g/t Au) from 49m.
Bohemia Prospect
The Bohemia Prospect is located 500 metres south of the historic Frances Furness gold mine
and occurs within a similar geological and structural setting.
Six reverse circulation drill holes totalling 1048 metres were drilled at the Bohemia Prospect in
order to better define the geological and structural setting of this small high grade
underground mine.
Historical underground stope sampling had returned several high grade results including 2.4m
@ 404g/t Au and 1.2m @ 218g/t Au.
Most significant drill results are summarized below in table 1.
TABLE 1
Hole number Mine Grid Coordinates From – To Intersection g/t Au
FFP 109 20 760N/7308E 69 – 70m 1m @ 1.19
FFP 114 20 800N/7295E 57 – 60m
Incl 58 – 59m
3m @ 16.44
1m @ 41.31
Gold mineralisation is closely associated with massive quartz veining and quartz
stringers/selvedge positions with associated biotite alteration within a predominantly quartz
diorite.
No historic workings were intersected, but two holes intersected large widths (120m) of fault
controlled intrusive pegmatite.
The southern strike extension of Bohemia gold mineralization is limited, but it is open to the
north.
Eric North Prospect
The Eric North prospect is located between the Salvation Prospect and Eric Prospect.
More recent drilling (2005) at Salvation had returned a 3m @ 14.6g/t Au intersection whilst
numerous narrow high grade gold intersections were returned from Eric Prospect, 1m @
65g/t Au, 2m @ 33.85g/t Au and 1m @ 135g/t Au.
Five holes totalling 731 metres were drilled at the Eric North Prospect.
The holes were drilled under or along strike of previously identified anomalous gold
intersections, e.g. 32m @ 0.24g/t Au.
The more significant results from the current drilling programme are listed below in table 2.
TABLE 2
Hole number Mine Grid
Coordinates From – To Intersection g/t Au
FFP 105 21700N/6990E
24 – 44m
Incl. 24 – 27m
33 – 35m
42 – 44m
20m @ 0.79
3m @ 2.03
2m @ 1.56
2m @ 1.44
FFP 106 21725N/6990E
32 – 83m
Incl. 52 – 53m
61 – 62m
71 – 72m
51m @ 0.30
1m @ 1.32
1m @ 1.18
1m @ 1.65
FFP 107 21775N/6997E 32 – 33m
42 – 43m
1m @ 1.08
1m @ 9.14
FFP 108 21825N/7000E 38 – 39m
113 – 114m
1m @ 1.17
1m @ 1.03
FFP 115 21675N/6990E 77 – 78m 1m @ 1.84
The higher grade gold intercepts are associated with quartz veining and biotite alteration
within a quartz diorite unit above the sediment marker horizon.
The results will now be reviewed in conjunction with the significant amount of historical data
available over the Project and an assessment made on follow up programmes.
Geoff M Jones
Managing Director
some previous brumby anns...the first phase of drilling at francess furness,
2nd phase drilling is underway,underground stope sampling at the bohemia
prospect produced 2.4m@ 404 g/t,1.2m@218 g/t,current drilling of 2nd phase
will produce very high grades..
currently 2ndASX ANNOUNCEMENT – FRIDAY, 20 APRIL 2007
FRANCES FURNESS DRILLING PROGRAMME RESULTS
______________________________________________
SUMMARY
• Significant gold intersections returned from the Frances Furness Project drilling
programme.
Bohemia Prospect
High grade gold intersection returned:
3m @ 16.44g/t Au from 57m
Inc.
1m @ 41.31g/t Au
Eric North Prospect
Main widths of anomalous gold mineralisation intersected:
20m @ 0.79g/t Au from 24m
Inc.
3m @ 2.03g/t Au
51m @ 0.30g/t Au from 32m
Inc.
1m @ 1.65g/t Au
1m @ 9.14g/t Au from 42m
FRANCES FURNESS DRILLING PROGRAMME RESULTS
The Directors of Brumby Resources Ltd are pleased to announce the drilling results from the
Company’s first drilling campaign at the Frances Furness Project located approximately four
kilometres south of St Barbara’s operating Marvel Loch gold mine, which is located 30
kilometres south of Southern Cross.
The drilling programme consisted of 11 holes for 1779 metres at the Eric North and Bohemia
prospects, with the specific aim of assessing the extension of already defined gold
mineralisation and to provide a better understanding of the geology and structural setting.
(Refer to figure 1).
The Project area consists of granted Mining Lease 77/25 and Prospecting License 77/3464
encompassing an area of 64 hectares.
The Company has entered into an option agreement where it may purchase 100% interest in
the tenements for a cash consideration and an issue of shares.
Historical production (1907 to 1936) from the small high grade Salvation, Frances Furness
and Bohemia mines produced 24,362 ounces of gold from 45,540 tonne at an average gold
grade of 16.7g/t. More recent (1997 to 2002) exploration drilling by the Dusky/Lithos syndicate
made two further discoveries at Frances Furness South (2.80m @ 20.07g/t Au) from 221m
and at Eric Prospect (2m @14.89g/t Au) from 49m.
Bohemia Prospect
The Bohemia Prospect is located 500 metres south of the historic Frances Furness gold mine
and occurs within a similar geological and structural setting.
Six reverse circulation drill holes totalling 1048 metres were drilled at the Bohemia Prospect in
order to better define the geological and structural setting of this small high grade
underground mine.
Historical underground stope sampling had returned several high grade results including 2.4m
@ 404g/t Au and 1.2m @ 218g/t Au.
Most significant drill results are summarized below in table 1.
TABLE 1
Hole number Mine Grid Coordinates From – To Intersection g/t Au
FFP 109 20 760N/7308E 69 – 70m 1m @ 1.19
FFP 114 20 800N/7295E 57 – 60m
Incl 58 – 59m
3m @ 16.44
1m @ 41.31
Gold mineralisation is closely associated with massive quartz veining and quartz
stringers/selvedge positions with associated biotite alteration within a predominantly quartz
diorite.
No historic workings were intersected, but two holes intersected large widths (120m) of fault
controlled intrusive pegmatite.
The southern strike extension of Bohemia gold mineralization is limited, but it is open to the
north.
Eric North Prospect
The Eric North prospect is located between the Salvation Prospect and Eric Prospect.
More recent drilling (2005) at Salvation had returned a 3m @ 14.6g/t Au intersection whilst
numerous narrow high grade gold intersections were returned from Eric Prospect, 1m @
65g/t Au, 2m @ 33.85g/t Au and 1m @ 135g/t Au.
Five holes totalling 731 metres were drilled at the Eric North Prospect.
The holes were drilled under or along strike of previously identified anomalous gold
intersections, e.g. 32m @ 0.24g/t Au.
The more significant results from the current drilling programme are listed below in table 2.
TABLE 2
Hole number Mine Grid
Coordinates From – To Intersection g/t Au
FFP 105 21700N/6990E
24 – 44m
Incl. 24 – 27m
33 – 35m
42 – 44m
20m @ 0.79
3m @ 2.03
2m @ 1.56
2m @ 1.44
FFP 106 21725N/6990E
32 – 83m
Incl. 52 – 53m
61 – 62m
71 – 72m
51m @ 0.30
1m @ 1.32
1m @ 1.18
1m @ 1.65
FFP 107 21775N/6997E 32 – 33m
42 – 43m
1m @ 1.08
1m @ 9.14
FFP 108 21825N/7000E 38 – 39m
113 – 114m
1m @ 1.17
1m @ 1.03
FFP 115 21675N/6990E 77 – 78m 1m @ 1.84
The higher grade gold intercepts are associated with quartz veining and biotite alteration
within a quartz diorite unit above the sediment marker horizon.
The results will now be reviewed in conjunction with the significant amount of historical data
available over the Project and an assessment made on follow up programmes.
Geoff M Jones
Managing Director
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Re: BMY - Brumby Resources
ASX Release 5 December 2007
BRUMBY DEFINES SEVEN PRIORITY MANGANESE TARGETS AT BOOTU CREEK, NT
• Seven significant conductors up to 1km long identified from Helicopter Electromagnetic (HEM) Survey.
• Some conductors located adjacent to previously defined Landsat anomalies.
• Field checking and sampling of associated anomalies and HEM conductors to be undertaken during December.
• First-pass drilling planned to commence in the first half of 2008.
• Opens up significant new exploration front for manganese 10km north of established Bootu Creek manganese operation.
Diversified exploration company Brumby Resources Limited (ASX: BMY – “Brumby”) is
pleased to advise that it has defined seven priority manganese exploration targets at
its 100%-owned Bootu Creek Project, located 120km north of Tennant Creek in the
Northern Territory, from a recently completed geophysical survey.
The Skytem Helicopter Electromagnetic (HEM) survey which commenced on 31 October
was recently completed over Brumby’s Bootu Creek Exploration Licence EL 25354,
which covers an area of approximately 78km² and lies 10km north of the 550,000tpa
Bootu Creek manganese operation, owned by OM (Manganese) Limited, a whollyowned
subsidiary of ASX-listed OM Holdings Limited (see Fig. 1).
The survey was designed to further investigate the 18 previously identified anomalies
that were considered to be prospective manganese targets at Bootu Creek from a
regional and geological evaluation of the Bootu Creek and Renner Springs manganese
province.
Initial interpretation of the HEM data by Perth-based Southern Geoscience Consultants
Pty Ltd has delineated seven conductors which in some cases are located adjacent to a
number of the previously defined targets. Interpretation of the data indicates that the
conductors are up to 1km in length. (see Fig. 2). Infill lines that will further define the
conductors are due to be flown later this week. This will allow modelling of the conductor
size and geometry.
Brumby intends to focus initially on the coincident or associated Landsat and HEM
conductors as priority exploration targets, with field checking and sampling of these
areas scheduled during December 2007. The Company expects that drill testing of these
areas will commence during the first half of 2008, once appropriate clearances have
been obtained.
Commenting on the results of the survey, Brumby’s Managing Director, Mr Geoff Jones,
said: “The HEM survey data has added significant value to our Bootu Creek exploration
project, defining seven priority target areas for manganese exploration which we plan to
advance as quickly as possible to the drilling stage early next year.”
“The scale of the targets is particularly impressive and highlights the strategic potential
of this project area, which is located in close proximity to the recently commissioned
Bootu Creek manganese mine and existing infrastructure,” he continued.
“This opens up an exciting new front to our planned exploration activities for 2008,
complementing our Pardoo East Iron Ore Project in the Pilbara region where we are
planning to commence drilling to test two large gravity targets which are prospective for
iron mineralisation.”
“Our aim is to position Brumby with exposure to exploration for commodities which are
attractive because of their market outlook and demand fundamentals,” Mr Jones added.
“Both manganese and iron ore are experiencing strong demand, with manganese prices
increasing this year to over US$7.00/dmtu following a significant tightening in the global
market. High-grade manganese is regarded as a strategic mineral because it is a nonsubstitutable
input into the steel-making process.”
Geoff M Jones
Managing Director
For further inquiries, contact:
Geoff Jones, Telephone: (08) 9486 8333
ASX Release 5 December 2007
BRUMBY DEFINES SEVEN PRIORITY MANGANESE TARGETS AT BOOTU CREEK, NT
• Seven significant conductors up to 1km long identified from Helicopter Electromagnetic (HEM) Survey.
• Some conductors located adjacent to previously defined Landsat anomalies.
• Field checking and sampling of associated anomalies and HEM conductors to be undertaken during December.
• First-pass drilling planned to commence in the first half of 2008.
• Opens up significant new exploration front for manganese 10km north of established Bootu Creek manganese operation.
Diversified exploration company Brumby Resources Limited (ASX: BMY – “Brumby”) is
pleased to advise that it has defined seven priority manganese exploration targets at
its 100%-owned Bootu Creek Project, located 120km north of Tennant Creek in the
Northern Territory, from a recently completed geophysical survey.
The Skytem Helicopter Electromagnetic (HEM) survey which commenced on 31 October
was recently completed over Brumby’s Bootu Creek Exploration Licence EL 25354,
which covers an area of approximately 78km² and lies 10km north of the 550,000tpa
Bootu Creek manganese operation, owned by OM (Manganese) Limited, a whollyowned
subsidiary of ASX-listed OM Holdings Limited (see Fig. 1).
The survey was designed to further investigate the 18 previously identified anomalies
that were considered to be prospective manganese targets at Bootu Creek from a
regional and geological evaluation of the Bootu Creek and Renner Springs manganese
province.
Initial interpretation of the HEM data by Perth-based Southern Geoscience Consultants
Pty Ltd has delineated seven conductors which in some cases are located adjacent to a
number of the previously defined targets. Interpretation of the data indicates that the
conductors are up to 1km in length. (see Fig. 2). Infill lines that will further define the
conductors are due to be flown later this week. This will allow modelling of the conductor
size and geometry.
Brumby intends to focus initially on the coincident or associated Landsat and HEM
conductors as priority exploration targets, with field checking and sampling of these
areas scheduled during December 2007. The Company expects that drill testing of these
areas will commence during the first half of 2008, once appropriate clearances have
been obtained.
Commenting on the results of the survey, Brumby’s Managing Director, Mr Geoff Jones,
said: “The HEM survey data has added significant value to our Bootu Creek exploration
project, defining seven priority target areas for manganese exploration which we plan to
advance as quickly as possible to the drilling stage early next year.”
“The scale of the targets is particularly impressive and highlights the strategic potential
of this project area, which is located in close proximity to the recently commissioned
Bootu Creek manganese mine and existing infrastructure,” he continued.
“This opens up an exciting new front to our planned exploration activities for 2008,
complementing our Pardoo East Iron Ore Project in the Pilbara region where we are
planning to commence drilling to test two large gravity targets which are prospective for
iron mineralisation.”
“Our aim is to position Brumby with exposure to exploration for commodities which are
attractive because of their market outlook and demand fundamentals,” Mr Jones added.
“Both manganese and iron ore are experiencing strong demand, with manganese prices
increasing this year to over US$7.00/dmtu following a significant tightening in the global
market. High-grade manganese is regarded as a strategic mineral because it is a nonsubstitutable
input into the steel-making process.”
Geoff M Jones
Managing Director
For further inquiries, contact:
Geoff Jones, Telephone: (08) 9486 8333
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Re: BMY - Brumby Resources
PARDOO / TELYAGEL PROJECTS
The Pardoo and Telyagel Projects consist of four granted EL’s aggregating 700 square kilometres and are located approximately 130 kilometres east of Port Hedland in the Pilbara region of Western Australia.
Previous exploration programmes to the south west of Pardoo utilised airborne magnetic, radiometric and ground gravity surveys to delineate targets associated with basement stratigraphy and structures. Drill testing of these geophysical target areas led to the discovery of the Highway (NiCu sulphide) and Supply Well (NiCu sulphide, Zn Pb ) base metal prospects.
The favourable host stratigraphy and structures associated with the above mentioned prospects continue to strike north-northeast through Brumby Resources’ Pardoo and Telyagel tenement areas.
Potential also exists to discover iron ore prospects associated with the Nimingarra Iron Formation within the Pardoo Project area.
A high resolution aeromagnetic and radiometric survey was undertaken on the Pardoo and Telyagel Projects during December 2006. The data has been processed and targets were identified on Pardoo and Telyagel for follow up ground gravity investigation.
The ground gravity survey was commenced late in March 2007 to cover the Pardoo and Telyagel Projects. The advent of heavy rains in the area through March rendered the Pardoo tenement inaccessible so only the Telyagel work was completed. The survey programme for Pardoo was completed early in September 2007. The interpretation of the Pardoo data led to the identification of the Pardoo East iron ore targets.
Interpretation of the VTEM survey completed in August over the project areas has resulted in the identification of a number of base metal targets. These will now be reviewed in conjunction with the Company's other project data with a view to prioritising the targets for follow up investigation if warranted.
PARDOO / TELYAGEL PROJECTS
The Pardoo and Telyagel Projects consist of four granted EL’s aggregating 700 square kilometres and are located approximately 130 kilometres east of Port Hedland in the Pilbara region of Western Australia.
Previous exploration programmes to the south west of Pardoo utilised airborne magnetic, radiometric and ground gravity surveys to delineate targets associated with basement stratigraphy and structures. Drill testing of these geophysical target areas led to the discovery of the Highway (NiCu sulphide) and Supply Well (NiCu sulphide, Zn Pb ) base metal prospects.
The favourable host stratigraphy and structures associated with the above mentioned prospects continue to strike north-northeast through Brumby Resources’ Pardoo and Telyagel tenement areas.
Potential also exists to discover iron ore prospects associated with the Nimingarra Iron Formation within the Pardoo Project area.
A high resolution aeromagnetic and radiometric survey was undertaken on the Pardoo and Telyagel Projects during December 2006. The data has been processed and targets were identified on Pardoo and Telyagel for follow up ground gravity investigation.
The ground gravity survey was commenced late in March 2007 to cover the Pardoo and Telyagel Projects. The advent of heavy rains in the area through March rendered the Pardoo tenement inaccessible so only the Telyagel work was completed. The survey programme for Pardoo was completed early in September 2007. The interpretation of the Pardoo data led to the identification of the Pardoo East iron ore targets.
Interpretation of the VTEM survey completed in August over the project areas has resulted in the identification of a number of base metal targets. These will now be reviewed in conjunction with the Company's other project data with a view to prioritising the targets for follow up investigation if warranted.
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Re: BMY - Brumby Resources
BOOTU CREEK
Brumby has identified multiple targets prospective for manganese within its wholly-owned Exploration Licence 25354. The project is located 10 kilometres north of the Bootu Creek manganese mine and some 120 kilometres north of Tennant Creek in the Northern Territory.
The project tenement covers 78 square kilometres of prospective ground along strike from the Bootu Creek mine within the same geological-structural corridor.
The OM (Manganese) Limited (a wholly owned subsidiary of OM Holdings Limited), Bootu Creek open cut mining operation is located approximately 20 kilometres east of the Stuart Highway and 50 kilometres east of the Alice Springs railway line.
Brumby recently undertook a regional and geological evaluation of the Bootu Creek and Renner Springs manganese province. This evaluation defined 18 targets prospective for manganese mineralisation within Brumby’s Licence area.
During November Brumby also commenced the flying of a Helicopter Electromagnetic (HEM) survey to define further target areas.
BOOTU CREEK
Brumby has identified multiple targets prospective for manganese within its wholly-owned Exploration Licence 25354. The project is located 10 kilometres north of the Bootu Creek manganese mine and some 120 kilometres north of Tennant Creek in the Northern Territory.
The project tenement covers 78 square kilometres of prospective ground along strike from the Bootu Creek mine within the same geological-structural corridor.
The OM (Manganese) Limited (a wholly owned subsidiary of OM Holdings Limited), Bootu Creek open cut mining operation is located approximately 20 kilometres east of the Stuart Highway and 50 kilometres east of the Alice Springs railway line.
Brumby recently undertook a regional and geological evaluation of the Bootu Creek and Renner Springs manganese province. This evaluation defined 18 targets prospective for manganese mineralisation within Brumby’s Licence area.
During November Brumby also commenced the flying of a Helicopter Electromagnetic (HEM) survey to define further target areas.
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BRILLIANT WELL PROJECT - LEONORA
The Brilliant Well project comprises three granted EL’s (208 square kilometres) located 40 kilometres north of Leonora.
This north eastern part of the Norseman – Wiluna Archaean Greenstone belt hosts numerous historic (Gwalia) and recently discovered multimillion ounce gold deposits (Tarmoola, Darlot, Thunder Box), recently discovered NiCu sulphide deposits (Waterloo, Amorac) and CuZnAg (Jaguar) sulphide deposits.
The Brilliant Well prospect area encompasses a typical soil covered granite greenstone contact position and associated splay fault-shear zones.
Previous gold exploration programmes conducted along the eighteen kilometre long shear zone has returned numerous anomalous gold zones on wide spaced drilling centres.
Brumby Resources has entered into Joint Venture Agreement with Brilliant Gold Pty Ltd whereby Brumby Resources may earn 85% equity in the Brilliant Well project.
The first phase of drilling at Brilliant Well was completed on 4 July. The programme comprised 27 holes for approximately 1446 metres of air core drilling and was designed to validate some of the historic gold and base metal anomalies and also to test the priority 1 rated aeromagnetic – structural target zone along the Deep Well Shear Zone.
The assay results were received late in the Quarter with the following gold intersections recorded:
Hole Number From (m) To (m) Interval (m) Assay Result. (g/tAu)
BRW002 51 52 1m @ 1.20
BRW003 65 68 3m @ 1.96
BRW009 52 54 2m @ 0.24
BRW0011 18 20
Inc. 2m @ 2.80
19 20 1m @ 3.34
The results represent the highest gold intersections on the tenements to date and hole BRW003 also contained anomalous arsenic and slightly elevated levels of copper-zinc-lead.
The next phase of exploration will be to undertake a VTEM survey specifically targeting VMS mineralization. Compilation and interpretation of historical exploration data indicates that a volcanic sequence striking north easterly through the Brilliant Well Project tenements is prospective for VMS deposits.
Brumby intends to schedule the VTEM survey during the latter half of 2007/early 2008 as the contractor’s schedule permits. Drilling of identified targets from this programme will follow.
:
BRILLIANT WELL PROJECT - LEONORA
The Brilliant Well project comprises three granted EL’s (208 square kilometres) located 40 kilometres north of Leonora.
This north eastern part of the Norseman – Wiluna Archaean Greenstone belt hosts numerous historic (Gwalia) and recently discovered multimillion ounce gold deposits (Tarmoola, Darlot, Thunder Box), recently discovered NiCu sulphide deposits (Waterloo, Amorac) and CuZnAg (Jaguar) sulphide deposits.
The Brilliant Well prospect area encompasses a typical soil covered granite greenstone contact position and associated splay fault-shear zones.
Previous gold exploration programmes conducted along the eighteen kilometre long shear zone has returned numerous anomalous gold zones on wide spaced drilling centres.
Brumby Resources has entered into Joint Venture Agreement with Brilliant Gold Pty Ltd whereby Brumby Resources may earn 85% equity in the Brilliant Well project.
The first phase of drilling at Brilliant Well was completed on 4 July. The programme comprised 27 holes for approximately 1446 metres of air core drilling and was designed to validate some of the historic gold and base metal anomalies and also to test the priority 1 rated aeromagnetic – structural target zone along the Deep Well Shear Zone.
The assay results were received late in the Quarter with the following gold intersections recorded:
Hole Number From (m) To (m) Interval (m) Assay Result. (g/tAu)
BRW002 51 52 1m @ 1.20
BRW003 65 68 3m @ 1.96
BRW009 52 54 2m @ 0.24
BRW0011 18 20
Inc. 2m @ 2.80
19 20 1m @ 3.34
The results represent the highest gold intersections on the tenements to date and hole BRW003 also contained anomalous arsenic and slightly elevated levels of copper-zinc-lead.
The next phase of exploration will be to undertake a VTEM survey specifically targeting VMS mineralization. Compilation and interpretation of historical exploration data indicates that a volcanic sequence striking north easterly through the Brilliant Well Project tenements is prospective for VMS deposits.
Brumby intends to schedule the VTEM survey during the latter half of 2007/early 2008 as the contractor’s schedule permits. Drilling of identified targets from this programme will follow.
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Re: BMY - Brumby Resources
Mate I'll put the map up for you to see the grades at the Eric and Bohemia Prospect. These projects haven't had any deep drilling. The current drilling is defining massive grades... See the map I will put up at the bottom.
They seem like extremely high grades at very shallow depths (although i glossed over the figures). Somebody get JMan in here to explain that, it seems pretty unreal
Mate I'll put the map up for you to see the grades at the Eric and Bohemia Prospect. These projects haven't had any deep drilling. The current drilling is defining massive grades... See the map I will put up at the bottom.
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Here is the map of Francess Furness where Brumby is in the process of their 2nd phase drilling. I will post a geologists report on this project. Geoff Jones has said the drilling will prove up bigger grades beneath the current huge grades. Scary what the numbers will be under the present shallow depth of 218 & 404 G/T..
Here is the map of Francess Furness where Brumby is in the process of their 2nd phase drilling. I will post a geologists report on this project. Geoff Jones has said the drilling will prove up bigger grades beneath the current huge grades. Scary what the numbers will be under the present shallow depth of 218 & 404 G/T..
