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  • Dromana Estate Has Exploration Underway At Longonjo Project In Angola 0 comments
    May 14, 2013 2:23 AM

    Dromana Estate (ASX:DMY) is now on the ground in south west Angola where due diligence is being undertaken on the Longonjo Project, which was optioned in March by Dromana to assess some highly prospective copper, gold and rare earths targets.

    The Longonjo Project is blessed with strong infrastructure and just 70 kilometres from Huambo international airport, sealed roads and a rail line running through the north of the permit linking the major port of Benguela.

    Infrastructure, services, facilities and labour are all well established and available within the district;

    Technical due diligence has commenced and independent consulting geologist, Andrew Richards is overseeing with Aurum Exploration Pty Ltd who have been consulting at the Longonjo Project since 2006.

    To date, 500 metres of surface trenching and sampling has been completed with a focus on confirmation and possible extension to the high grade mineralisation reported at Adit 2.

    The technical due diligence programme also includes around 200 metres of adit sampling, rock chip and channel sampling at the Cassenha Hill Copper/Gold Target and other prospects within the project area.

    Non executive chairman Gabriel Chiappini said "we are very pleased we were able to commence exploration immediately on the Longonjo Project as this will enable us to complete our technical due diligence within the option period.

    "Although our technical review focuses on the immediate targets at Cassenha Hill, this prospect represents only a small portion of the largely underexplored 3,670km2 licence.

    "We are looking forward to providing the market with a further update on our due diligence investigations prior to the option expiration date."

    Promising previous exploraton

    Historical exploration outlined some very promising high grade copper, gold and rare earth targets including:

    Catabola copper/gold prospect: a mineralised structure of 1.6km in length and up to 30m wide with high grade copper intersections from sampling of underground adits, and trenches including adits:

    - 84m at 0.81% Cu (including 6.4m at 3.46% Cu and 5m at 1.83% Cu)
    - Adit 3: 16m at 0.75% Cu (including 4m at 1.79% Cu)
    - Adit 2 cross cuts: 7.5m at 3.46% Cu and 5m at 1.0 % Cu.

    Longonjo rare earth prospect: 1.75km by 3.5km outcropping high grade rare earth element prospect in a carbonatite intrusive (average grade 2.43% TREO, median grade 1.71% TREO in a range of 0.10% - 18.9% TREO).

    Bongo gold prospect: 10km long shear structure with gold in stream sampling.

    Of interest, the Bongo gold prospect would appear to possess similar geological settings to the 5 million ounce Macraes Flat Gold Project in New Zealand.

    Forward Work Programme

    The exploration due diligence at the Longonjo Project during the three month option period will verify the historical work and results that have been presented.

    The extensive database will also be verified for accuracy and checked for completeness. Dromana will initiate due diligence by collating all existing data on the project, and then proceed to a site visit with a confirmatory surface and adit sampling programme at the Catabola copper/gold prospect and Longonjo REE prospect.

    The option period commenced upon execution of the binding term sheet, 20 March 2013, and unless exercised prior it shall end either three months from date of execution or 14 days following the receipt of assay results undertaken at the Longonjo Project.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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