Anchor Resources

Published : April 19th, 2016

18/04/2016 - Quarterly Activities and Quarterly Cash Flow Report - PDF

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Keywords :   Cash | Copper | Diamond | Georgia | Gold | Lead | Molybdenum | Silver | Target | Tungsten |

18/04/2016 - Quarterly Activities and Quarterly Cash Flow Report - PDF

Microsoft Word - Quarterly Report March 2016


Anchor Resources Limited

ABN: 49 122 751 419 ASX Code: AHR

Website: anchorresources.com


18th April 2016


QUARTERLY ACTIVITY REPORT - MARCH 2016


Anchor's field work focused on two New South Wales projects in the March Quarter 2016, the newly granted Gemini project in the Lachlan Orogen and the Blicks project in the New England Orogen.


Highlights from work completed during the Quarter include:


  • Gemini Project - Anchor completed an initial prospect reconnaissance program and held meetings with landowners and other stakeholders at Gemini in March.


  • Blicks Project - soil sampling and mapping at the Liberty prospect and rock-chip sampling and mapping at the Mulligan/Forster prospect.



Directors Mr. Jianguang Wang Mr. Ian Price Mr. Vaughan Webber Mr. R N (Sam) Lees


Chairman Director Director Director


Address

6 Chepstow Drive, CASTLE HILL, NSW 2154


Investor & Media Enquiries

Ian Howarth | Ph.: +61 407 822 319


GEMINI PROJECT, EL 8398 (Anchor 100%)

New South Wales - copper, lead, zinc, gold & silver


The Gemini project covers a prospective, under-explored area of the Cobar Basin south of Cobar and includes the Blue Mountain zinc-lead-copper prospect. The EL area is considered prospective for Cobar- type polymetallic base metal (zinc-lead-copper-silver-gold) deposits. The Blue Mountain zinc-lead- copper prospect, Mallee Bull copper-silver-gold deposit and Hera gold-silver-lead-zinc deposit all lie in close proximity to the regional northeast trending Nymagee-Wagga Tank lineament (Figure 1). Blue Mountain is 120km south of Cobar.


Figure 1: EL 8398 (Gemini) regional geology showing the location of the Blue Mountain zinc-lead-copper prospect, regional metallogenesis and Nymagee-Wagga Tank lineament


Blue Mountain Prospect


Based on Anchor's compilation of previous explorers' data, the Blue Mountain zinc-lead-copper prospect has a strong multi-element geochemical signature extending over a strike length of 2,200m defined by previous RAB drilling (Figure 2). The anomalous multi-element Zn-Pb-Cu geochemistry and anomaly


footprint, sphalerite-galena-chalcopyrite association, lensoidal geometry of the mineralisation intersected in drilling, and interpreted structural architecture of the Blue Mountain zinc-lead-copper prospect has many similarities to other Cobar-type deposits, including the major producing CSA mine at Cobar.


Previous drilling at the prospect was confirmed through inspection of 2 inclined Diamond core holes and a single inclined RC drill collar. A gossanous quartz breccia discovered north of drill hole BMDD002 was scanned with a portable XRF returning values of Pb up to 0.1%, Zn ~230ppm, Cu ~400-500ppm, As 720ppm and Te 230ppm. It was also noted the anomalous Cu anomaly occurs in area of no outcrop so the target is completely concealed under thin cover.


Figure 2: Blue Mountain Zn-Pb-Cu prospect bottom hole RAB Pb and Cu geochemistry


Anchor completed an initial prospect reconnaissance program and held meetings with landowners and other stakeholders at Gemini in March.


Blicks Project, EL 6465 and EL 8100 (Anchor 100%)

New South Wales - molybdenum, tungsten, copper & gold


The Blicks project is located in the southern segment of the New England Orogen in northeast New South Wales, 95km northeast of the major regional centre of Armidale. Anchor's key target areas and reported historic mineral occurrences within the Blicks project are shown in Figure 3.


Figure 3: Blicks project showing Anchor's priority target areas and reported mineral occurrences


Field work during the Quarter focused on the Liberty Cu-Mo and Mulligan-Forster Au prospects.


Liberty Copper-Molybdenum Prospect


The Liberty Cu-Mo prospect is centred on an elongate magnetic low that transgresses a magnetic ridge underlain by tonalite with sparsely disseminated chalcopyrite. Several magnetic highs along this linear magnetic anomaly are targeted for grid based soil sampling. The magnetic low is interpreted as a younger, separate and distinct intrusion or possibly a breccia pipe.

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Anchor Resources

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CODE : AHR.AX
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Anchor Resources is a gold and copper exploration company based in Australia.

Anchor Resources holds various exploration projects in Australia.

Its main exploration properties are BLICKS, BIRDWOOD, THUNDERBOLTS, MUNGA, CANONBA / COLLAROY, CHILLAGOE, GREENVALE EAST, BIELSDOWN and WILD CATTLE CREEK in Australia.

Anchor Resources is listed in Australia and in Germany. Its market capitalisation is AU$ 683 020 as of today (US$ 486 655, € 431 127).

Its stock quote reached its highest recent level on April 21, 2011 at AU$ 0.34, and its lowest recent point on April 11, 2019 at AU$ 0.01.

Anchor Resources has 52 540 000 shares outstanding.

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Annual reports of Anchor Resources
2008 Annual Report
Option Grants of Anchor Resources
5/6/2011Directors Recommend Acceptance of Jinshunda offer
Nominations of Anchor Resources
3/23/2011Management Changes
Project news of Anchor Resources
4/19/2011on Jinshunda takeover bid for Anchor Resources
4/11/2011Expands its 2011 Drilling Program
6/3/2010(Wild Cattle Creek)High grade antimony/tungsten discovery
5/11/2010(Wild Cattle Creek)Wide antimony zone results received
3/26/2010(Wild Cattle Creek)Encouraging results continue
3/5/2010(Wild Cattle Creek)High Grade Drill Results
2/18/2010(Wild Cattle Creek)(AHR) - Drilling commences
9/15/2009(Bielsdown)Resource Update to Follow
8/20/2009(Bielsdown)Drilling successfully completed
7/30/2009Achieves Strong Drilling Results
7/13/2009High grade Drilling Results
6/17/2009(Bielsdown)Early drilling success
5/18/2009(Bielsdown)Bielsdown Drilling to Commence
12/4/2008(New South Wales)Drilling Windella Copper Prospect
Corporate news of Anchor Resources
4/19/201618/04/2016 - Quarterly Activities and Quarterly Cash Flow Re...
2/1/201628/01/2016 - Quarterly Activities and Quarterly Cash Flow Re...
10/6/201501/10/2015 - Appendix 3B - PDF
10/6/201518/09/2015 - Annual Report to Shareholders - PDF
7/27/201524/07/2015 - Board and Management Changes - PDF
7/20/201520/07/2015 - Quarterly Activities and Quarterly Cash Flow Re...
4/13/201513/04/2015 - Appendix 3B - PDF
3/16/201516/03/2015 - Final Director's Interest Notice - PDF
3/12/201512/03/2015 - Director Resignation - PDF
3/12/201512/03/2015 - Half Yearly Report and Accounts - PDF
11/11/201410/11/2014 - Results of Meeting - PDF
10/20/2014Drilling Underway to Test High Grade Zon
3/23/2011Update on Unsolicited Takeover Offer
7/30/2010June Quarterly Report
5/2/2010March Quarterly Report
3/10/2010Boardroom Radio interview with MD
2/1/2010Quarterly Report Dec 2009
12/29/2009Rights issue oversubscribed
12/21/2009Rights closing/Exploration update
11/24/2009Antimony Resource
11/18/2009Results & Capital Raising
11/2/2009Quarterly Report and Presentation
10/14/2009(AHR) - News Update
7/10/2009June Quarter Activities Report
7/2/2009Successful drill program extended
1/29/2009December Activities Report
8/29/2008New antimony leases granted
8/18/2008Drilling Progress
8/1/2008June Quarter Activities
5/28/2008Drilling commences Greenvale East (Qld)
5/7/2008March Quarter Activities
4/27/2008Audio Broadcast: Drilling Schedule
4/2/2008Anchor Resources (AHR) - Drilling to Commence
2/1/2008 December Quarter Activities
12/21/2007to accelerate drilling activity
10/24/2007 Options Allotment
10/23/2007 Acquires Uranium Projects
9/18/2007Options entitlement
9/5/2007explores uranium tenement
9/4/2007amends record date for Opti
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