ENP Newswire - 12 December 2013 Release date- 11122013 - The Board of Proto Resources & Investments Ltd (ASX: PRW) is pleased to announce the very encouraging results of first outcrop sampling on the Mooloogool project in Western Australia . The Mooloogool Project is located approximately 85km North East of the regional centre of Meekatharra in Western Australia . The trip was intended to identify outcropping geological features and/or structures with potential to host copper gold mineralization. Proto has acquired a 51% interest in the Mooloogool Project , which is composed of eight exploration licenses (E51/1185, E51/1186, E51/1213, E51/1215, E51/1325, E51/1340, E51/1341 and E51/1342) covering 1,461 square kilometres. Mooloogool is a joint venture with Dourado Resources Limited ('Dourado', ASX: DUO). The licenses cover deformed Proterozoic metasediments arranged around the Goodin Dome, a large ellipsoidal granite that may have acted as a fluid source for mineralizing solutions in the region. Field Sampling Trip Completed From the 22nd of September 2013 to the 3rd of October 2013 , walking traverses were conducted across the tenements in areas of expected outcrop and geological features of interest as identified from previous auger/soil samples, geophysics and landsat data sets. A number of interesting prospects (industrial, base metal and precious metal) were located during many walking traverses. These included breccia shear structures (Cu-Zn +- Au), magnetite pisolith laterite layers (Fe-Mg) and silica quartz sedimentary beds (Silica). Rock chip samples from features of interest were taken and submitted for lab assaying at the Genalysis Intertek facility in Perth . Follow up programs have been recommended for the prospects in tenements E51/1325, E51/1185, E51/1340. This would include detailed, systematic mapping and sampling over outcropping prospects and lag sampling surveys along projected geological trends to these prospects. Prospects Identified In the mid north of Tenement E51/1185 there are two features that have potential for anomalism in Cu +/- Au and Fe-Mg. The interpreted Cu +/- Au feature is associated with a quartz vein system (1000m length) that has mixed textures (milky, breccia, fractured, vuggy) and varies in width from 0.5m to 2m. In the South-East of the same tenement, there are additional outcrops for the potential of Cu +/- Au and Fe-Mg anomalism. The second feature of note on E51/1185 is a broad flat layer of magnetite pisolith laterite concretions, with an estimated 70% magnetite composition. The area is roughly 500m x 250m x 2m thick, with its true extant not yet determined. A mafic intrusive was observed in close proximity to this feature (both on surface and at bottom-of-hole in historical Air-core drill chips): this may be a possible source for the laterite magnetite layer. In the mid-east of Tenement E51/1340 there are two features that have potential for anomalism in Cu-Zn +/- Au. Here breccia/shear structures with quartz vein and ferruginous/gossan infill were observed in low relief hills within a few kilometres of a track that had previous Auger and soil samples taken along it. Samples returned anomalism in Cu, Zn and Au (263ppm Cu, 0.13% Zn and 10ppb Au). The breccia/shear systems extend approximately 800m to >1000m with portions of the trend being obscured by transported sediments and drainages. The structures are 0.2m to 1.5m wide and exist in high strain zones within carbonaceous fine grained bedded sediments. In the east of Tenement E51/1325 there are two parallel beds of coarse grain silica quartz rich sandstone that have potential for industrial quarrying of high purity silica product (i.e., as an exploration target for a quartz silica deposit). These beds are situated unconformable along the margin of the Archean Goodin Inlier. The observed outcrops at the prospect are estimated at 1500m length x 8m to 10m wide. The depth extension of the silica beds is unknown. Of particular interest is that the different geological structures sampled (e.g. quartz veins, gossan breccia shears) returned a metallogeny of close affinity (i.e. Zn, Cu +/- As, Mo, Au) with each other. This suggests that the mineralization event in the area may all be related to a single cause. These results also have a good correlation to surface geochemical anomalies reported by neighbouring prospects by Rubianna, Great Western and Ventnor Resources . Conclusions and Next Steps Proto will now move quickly to extend geochemical sampling and initiate detailed (1: 2,500) mapping of priority outcropping prospects. Work has already begun to design systematic lag sampling over areas of identified prospective trends to delineate additional anomalism, and define the system extent of current identified anomalies. This work will allow stronger targeting of structures for the first drill program. Drilling would then will form part of the 2014 exploration strategy, subject to continued good results from this planned follow-up surface work. Proto chairman Andrew Mortimer said, 'Proto is very excited at the discovery of silica mineralization on the Mooloogool project and work will commence immediately to bulk sample this material and assess its readiness for marketing. The copper gold zinc and iron mineralization are also of very great interest and we will commence further ground mapping and sampling immediately.' Contact: Mr Andrew Mortimer Managing Director Proto Resources & Investments Ltd Tel: +61 (0)2 9225 4000 Email: email@example.com www.protoresources.com.au [Editorial queries for this story should be sent to firstname.lastname@example.org ] ((Comments on this story may be sent to email@example.com ))
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