AuriCula

AuriCula, a wholly-owned subsidiary of IBML has four Exploration Licences in the Cobar district of western NSW, covering clusters of historic mines in the Shuttleton and Mount Hope areas.

 
 
Cobar Management Pty Ltd (‘CMPL’), a subsidiary of Glencore International, is funding exploration to earn 90% interest in the tenements.
 
Mount Hope project: Targets include old mine workings, such as the Mt Hope mine (average grade 7% Cu and 6.6 g/t Ag), the Comet – Great Central line of lode which extends for over 2 km of strike along the Sugarloaf Fault and the Nombinnie gold prospect. 
 
Shuttleton project: The project area contains a number of mines - the Crowl Creek mine produced 53,000 tonnes of ore at a grade of 6-8% Cu, with silver and gold credits.  Drilling at Crowl Creek by CMPL has revealed two sub-parallel copper lodes, 30-50 m apart, which dip steeply eastward and transect the stratigraphy at a shallow angle.  The copper system is open along strike to the south and at depth.
 
Results of CMPL’s diamond drilling include:
Drill hole
Interval (m)
Intercepts
SHRC07004
 20 - 28
8m at 3.07% Cu, 14 g/t Ag, 0.4 g/t Au
 
 29 - 32
3m at 5.41% Cu, 21 g/t Ag, 0.1 g/t Au
SHRC07009
 67 -  85
18m at 1.57% Cu, 16 g/t Ag  
SHRC07010
 43 -  53
10m at 1.36% Cu
 
   9 - 106
7m at 3.11% Cu, 22 g/t Ag
SHRC07016
113 - 119
6m at 3.63% Cu, 13 g/t Ag
SHRC07017
146 - 160
14m at 2.59% Cu, 13 g/t Ag
SHRC07019
 29 -   65
36m at 2.00% Cu, 1 g/t Ag
 
 

Copyright 2008 International Base Metals Limited