Anax Metals Limited (ASX: ANX) share an update on the exploration progress at the Evelyn deposit, a vital part of the Whim Creek Project located 115km southwest of Port Hedland. Through a comprehensive valuation of historical exploration, it has identified high-potential drill targets and extensive areas within the Evelyn Mining Lease that demand further exploration. This thorough process instils confidence in the project's direction. The high-grade Evelyn base metal deposit is strategically located within a granted Mining Lease, with historical surveys defining prospective event-horizon stratigraphy that extends for over 3.0 km in the tenement. Remarkably, nearly 70% of this highly prospective stratigraphy remains largely untested by effective drilling.
Evelyn represents a rich, high-value base metal deposit, and the discovery of any further ore positions within the granted Mining Lease would significantly enhance the overall economics of the broader Whim Creek Project. This potential economic impact is a reason for optimism about the future of the project. The exploration team has made remarkable progress in advancing the prospectivity of the area, demonstrating their dedication and expertise.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.