Leogang

 

The Leogang Project is located approximately 3 km west of Leogang (population circa 3,200) and 11 km west of Saalfelden (population 16,000) in the District of Zell am See, Federal State of Salzburg.

 

  The Exploration Area comprises 30 freischurfe and covers a total area of approximately 12 km², including the historical Nockelberg
and Leogang mine sites (Figure 1).

Leogang was famed for the diversity of its mineralogy and rich ore grades, with nickel and cobalt mined in the region from the mid-16th century. At various times in its past, cobalt, nickel, copper and silver have been mined in the area. Despite the historical mining records being incomplete and unreliable, it is clear that a mineralised body has been exploited over a considerable period of time.

 

                                                                     Table 1. Historically reported results within the Cobalt rich Leogang-Nockelberg area. 

 

The limited exploration and research material that exists comes from geological surface mapping and sampling of outcrops or exposures within the remaining accessible adits. Collectively this body of work has noted the complex structural environment as well as a strong strata-bound component to the cobalt bearing mineralisation which, coincidentally, was not the focus of historical exploitation. Recent works by the project, supported by significant geological modelling, waste dump sampling, soil sampling and field mapping has resulted in the delineation of a substantial Exploration Target*.

 

                                 Table 2. Nockelberg Exploration Target* dated 30 March 2018

 

                                                          Figure 1. Geological modelling showing the planned drilling at the Nockelberg Project

 

Figure 2. Geological modelling showing 3D projections of two target zones and planned drill holes

 

The proposed exploration program will acquire additional geochemical and geophysical data followed by drilling to test the Exploration Target presented (from same collar locations – see Figures). Th drilling is planned to be spaced approximately 150m apart and is scheduled to be undertaken in the 2018 Austrian summer with its expected completion in the third quarter of 2018. The proposed locations, shown on the above figures, are subject to confirmation from regulatory bodies and landholder access agreements. As such, they are regarded as preliminary and subject to change.

 

* More information available in ASX release dated 5th April 2018.

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