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Zamia Gold Mines Limited (ASX: ZGM) has discovered a major molybdenum deposit in the Clermont district of central
The Anthony deposit is a classic porphyry-style deposit. Drilling has shown the mineralised system to extend for over 750m x 250m in area, and to at least 300m in depth. A high grade core has potential for in excess of 25 million tonnes at + 0.1% Mo (1000 ppm Mo). The surrounding lower grade halo shows potential for at least 50 million tonnes at + 600 ppm
The Anthony deposit is a classic porphyry-style deposit. Drilling has shown the mineralised system to extend for over 750m x 250m in area, and to at least 300m in depth. A high grade core has potential for in excess of 25 million tonnes at + 0.1% Mo (1000 ppm Mo). The surrounding lower grade halo shows potential for at least 50 million tonnes at + 600 ppm
Zamia is currently raising additional funding to carry out a resource drilling programme on the high grade core of the Anthony deposit.
Zamia’s tenement package also includes a number of other possible porphyry molybdenum and porphyry copper-gold targets.
The Company’s exploration programme has also recognised a number of gold prospects, including several walk-up drill targets.
