| Andromeda Metals Limited Announcement 23 January 2017 | Dear Shareholders and Colleagues, Welcome to Andromeda Metals Limited latest company announcement. WUDINNA GOLD CAMP MINERAL RESOURCE JUMPS TO 200,000 OUNCES OF GOLD Summary Resource estimates for the Baggy Green and White Tank deposits, located in the 100% owned Wudinna Gold Camp, have been completed with the assistance of consultant Mining Plus Pty Ltd. ? The Baggy Green Mineral Resource Estimate totals 1.56 million tonnes at 1.64g/t gold for 82,400 ounces at a 0.5g/t gold cut-off grade. The Resource is classified as Inferred. ? The White Tank Mineral Resource Estimate totals 0.176 million tonnes at 1.92g/t gold for 10,900 ounces at a 0.5g/t gold cut-off grade. The Resource is classified at Inferred. ? The total Wudinna Gold Camp Mineral Resource, including the Baggy Green, White Tank and Barns gold deposits, totals 3.84 million tonnes at 1.62g/t gold for 200,300 ounces using a 0.5g/t gold cut-off grade, comprised of 0.38 million tonnes at 1..40g/t gold for 17,000 ounces of Indicated Resource and 3.460 million tonnes at 1.64g/t gold for 183,300 ounces of Inferred Resources. ? The three Wudinna Gold Camp deposits fall within 6km of each other and are shallow and potentially open-pitable. ? Each of the deposits remain open and step-out drilling can add further resources, while other prospects in the Wudinna Gold Camp also show potential to contribute ounces. ? Recent metallurgical testwork confirms gold recoveries exceeding 97% are achievable at Barns using a conventional flowsheet, with testing of Baggy Green mineralization planned. Click here to download the full announcement (PDF 660 KB). Should this link not open, go to the Andromeda Metals Limited website at: www.andromet.com.au and follow the link in Recent News. |