Auravelle Metals Limited · ASX:AUV
Auravelle Metals — Sipa Resources — Corporate Update (May 2012)
12 slides from Auravelle Metals's corporate update, May 28, 2012
Slide 1: Thaduna Exploration Update
Sipa Resources Limited ABN 26 009 448 980 Sipa Resources Limited Thaduna Exploration Update Mike Doepel - Managing Director 28 May 2012
Slide 2: Thaduna District
Sipa Resources Limited Thaduna Exploration Update – May 2012 ABN 26 009 448 980 Thaduna District Sipa has been exploring at Thaduna for 6 years in the belief that there may be large sediment – hosted (Sedex) copper deposits like Mt Isa & Nifty in the district The high grade DeGrussa discovery, in vo
Slide 3: Thaduna District
Sipa Resources Limited Thaduna Exploration Update – May 2012 ABN 26 009 448 980 Thaduna District • Thaduna tenement outline on 250k Peak Hill Geology • Jenkin Fault • DeGrussa Cu-Au Deposit & Johnson’s Cairn Prospect • Enigma Prospect • Regional Magnetics
Slide 4: Thaduna Detailed Magnetics and Electromagnetics
Sipa Resources Limited Thaduna Exploration Update – May 2012 ABN 26 009 448 980 Thaduna • Thaduna Detailed Magnetics • Thaduna Electromagnetics (VTEM)
Slide 5: Enigma copper accumulation and drill targets
Sipa Resources Limited Thaduna Exploration Update – May 2012 ABN 26 009 448 980 Enigma is a very large: • accumulation of secondary copper minerals in a ‘blanket’ in weathered rocks at least 4km x 1.5km in extent • has primary copper sulphide minerals in fresh rock, in only 6 successful drill penetr
Slide 6: Enigma
Sipa Resources Limited Thaduna Exploration Update – May 2012 ABN 26 009 448 980 Enigma • Outcrop geology • VTEM ‘TOW’ Image • Gradiant Array IP
Slide 7: Enigma
Sipa Resources Limited Thaduna Exploration Update – May 2012 ABN 26 009 448 980 Enigma • Interpretative geology • Interpretative structure • Secondary Cu Blanket
Slide 8: Geophysics over Enigma: Induced Polarisation (IP)
Sipa Resources Limited Thaduna Exploration Update – May 2012 ABN 26 009 448 980 Geophysics over Enigma : Induced Polarisation (IP) • Gradient array IP over a large area shows there are very strong IP anomalies in several trends in the northwestern part of the survey area. • Five lines of Pole- Dipol
Slide 9: Enigma
Sipa Resources Limited Thaduna Exploration Update – May 2012 ABN 26 009 448 980 Enigma • Gradient Array IP Chargeability Image • ‘Deep Looking’ Pole – Dipole Lines • Drill targets
Slide 10: Enigma Pole Dipole Array Modelled Depth Sections
Sipa Resources Limited Thaduna Exploration Update – May 2012 ABN 26 009 448 980 Enigma Pole Dipole Array Modelled Depth Sections : Very Intense modelled chargeability values- approx 350-400m below surface.
Slide 11: Enigma Pole Dipole Array Modelled Depth Sections
Sipa Resources Limited Thaduna Exploration Update – May 2012 ABN 26 009 448 980 Enigma Pole Dipole Array Modelled Depth Sections : Very Intense modelled chargeability values- approx 150-250m below surface. Strong modelled chargeability values- approx 150-250m below surface.
Slide 12: The next month will see
Sipa Resources Limited Thaduna Exploration Update – May 2012 ABN 26 009 448 980 The next month will see : • Ground surveys on several lines using the Time domain electromagnetic method (TDEM). • interpretation and selection of prioritised deep drill targets • recommencement of deep drilling We are i