Sentosa Mining starts airborne survey over Mongolian copper-gold project
May 1 (Proactive Investors) Sentosa Mining (ASX: SEO) has started an airborne magnetic and radiometric over the northwestern tenements of the Darvii Naruu copper-gold project in Mongolia.
The 1,560 line kilometre survey over tenements 13576X, 13723X and 13577X, targets the highly encouraging geochemistry identified at the Mushroom Reef and Anomaly 13 Prospects.
Sentosa will use data from the survey to select prospective drill targets.
Darvii Naruu is located within the South Gobi Arc in western Mongolia, which hosts Rio Tinto's (ASX: RIO) world class Oyu Tolgoi porphyry deposit, one of the world's largest copper-gold deposits.
Rock chip samples have returned peak assays of 5.8% copper and 34.4 grams per tonne gold.
The airborne survey is part of Sentosa's undertaking to spend A$150,000 on a work program over the tenements that make up the 62,753.8 hectare project.
It will then have the right to decide on whether or not to proceed with the acquisition.
Should it do so, Sentosa will issue 5.5 million fully paid ordinary shares and a 0.5% Net Smelter Return Royalty as consideration for a 100% interest in all of the tenements.
Link to articleLink to SEO release
The 1,560 line kilometre survey over tenements 13576X, 13723X and 13577X, targets the highly encouraging geochemistry identified at the Mushroom Reef and Anomaly 13 Prospects.
Sentosa will use data from the survey to select prospective drill targets.
Darvii Naruu is located within the South Gobi Arc in western Mongolia, which hosts Rio Tinto's (ASX: RIO) world class Oyu Tolgoi porphyry deposit, one of the world's largest copper-gold deposits.
Rock chip samples have returned peak assays of 5.8% copper and 34.4 grams per tonne gold.
The airborne survey is part of Sentosa's undertaking to spend A$150,000 on a work program over the tenements that make up the 62,753.8 hectare project.
It will then have the right to decide on whether or not to proceed with the acquisition.
Should it do so, Sentosa will issue 5.5 million fully paid ordinary shares and a 0.5% Net Smelter Return Royalty as consideration for a 100% interest in all of the tenements.
Link to articleLink to SEO release
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