Clancy Exploration kicks off drilling for gold, silver, base metals at Condobolin

Clancy Exploration (ASX: CLY) has resumed diamond drilling at the Mascotte prospect within the company’s Condobolin Project in New South Wales, targeting extensions to previous gold, silver and base metals intercepts.

Assays from more than 1,300 diamond, reverse circulation and aircore drill samples from Condobolin are pending, with the first results expected in coming weeks.

A further 2,250 metres of reverse circulation drilling is planned for the Mertilga, Potters and Bluebell prospects within Condobolin.

Meanwhile, a 1,100 metre reverse circulation drilling program will start at the Trundle Project on January 5, testing iron grades in the skarn over 18 square kilometres.

Drilling will also test for copper-gold potential within and beneath the skarn horizons.

The Trundle project is located near Northparkes in New South Wales, and shows evidence of porphyry and skarn-style copper-gold mineralisation similar to Newcrest Mining’s (ASX: NCM) Cadia Valley and Rio Tinto’s (ASX: RIO) Northparkes operations.

Clancy also plans to drill the Gobondery Project, also near Northparkes, in 2012 to test for hematite-magnetite iron skarn targets. - proactiveinvestors.com.au

Tags: Clancy Exploration, Silver, silver mining, silver mining companies, silver mining industry

Posted by Silver Guru on Jan 4 2012. Filed under Silver mining. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry