PepinNini Minerals has established a significant presence in
Priority gold and base metal exploration targets have been identified in EPM 15440 Percyville and EPM 15547 The Return whilst uranium and phosphate targets are identified in EPM 14834 Plain Creek.
Gold and Base Metals
Surface sampling programs completed during 2008 and 2009 within EPM 15440 Percyville have identified four priority prospects that require further investigation and drilling. Some of the more significant assays at each of the prospects include:
• 335g/t gold, 85.4g/t silver, 0.2% copper, 2.8% lead
• 53.8g/t gold, 870g/t silver, 32.8% copper
• 166g/t gold, 563g/t silver, 4.9% copper, 4.7% lead, 0.4% zinc
• 3.3g/t gold, 542g/t silver, 5.8% copper, 3.7% lead
• 10.7g/t gold, 242g/t silver, 8.8% copper, 0.2% lead
• 90.1g/t gold, 63.8g/t silver, 2.8% copper
Union Prospect
• 65.1g/t gold, 435g/t silver, 9.9% copper
• 3.6g/t gold, 653g/t silver, 20.3% copper
• 42.3g/t gold, 124g/t silver, 1.4% copper
• 4.7g/t gold, 13.7g/t silver, 3.0% copper
Dividend Gully
• 40.5g/t gold, 1,360g/t silver, 0.1% copper, 0.4% lead
• 38.1g/t gold, 184g/t silver, 0.2% copper, 2.3% lead
• 18% lead
Freedom Prospect
• 3.2g/t gold, 732g/t silver, 13.8% copper, 1.0% lead
• 15.1g/t gold, 28.6g/t silver, 3.1% copper, 0.6% lead, 0.2% zinc
Rock chip sampling conducted in late 2008 reported gold grades of up to 32.7 g/t on EPM 15547 - The Return. In April 2009, an additional 90 samples were collected to further assess the potential of this tenement and define the extent of the outcropping reefs and prospective zones for drilling.
Several new vein systems were identified. Rock chip samples have returned gold values ranging from 0.1 g/t (country rock) to 1,710 g/t (55 ounces). Significant silver grades of up to 20 oz/t were also assayed.
Of the 115 rockchip samples collected approximately 80% reported economic gold grades (or higher) with 12% of sample reporting a grade in excess of 1 ounce per tonne.
Uranium, Phosphate Rock and Potash
On 8th December 2008, PepinNini announced that results from a reconnaissance and surface sampling program confirmed high-grade uranium (up to 2,288ppm U3O8) and phosphate (up to 22.9%) mineralisation within EPM 14834 Plain Creek. A total of 48 samples were collected during a reconnaissance survey conducted during October 2008. Some of the more significant assay results included:
• 22.9% P2O5, 1,450ppm U3O8
• 16.3% P2O5, 2,288ppm U3O8
• 15.9% P2O5, 1,828ppm U3O8
• 14.4% P2O5, 1,108ppm U3O8
• 12.7% P2O5, 1,014ppm U3O8
• 11.2% P2O5, 2,170ppm U3O8
A follow up helicopter assisted reconnaissance sampling survey of EPM14834 Plain Creek, EPM15990 Rush and EPM16537 Loyo was undertaken between 19th and 29th January 2009. A total of 127 sites were inspected during the sampling program and a total of 90 rock samples collected. Assay results confirm high uranium, phosphate, potash and strontium grades occur in all 3 tenements at a number of prospects. Highest grades reported from the samples submitted were:
• Highest Uranium 3,513 ppm U3O8 from Sassafras Creek Prospect
• Highest Phosphate 21.4% P2O5 from Robyn Lorraine West Prospect
• Highest Potash 5.8% from Sassafras Creek &
• Highest Strontium 5,630 ppm from Robyn Lorraine West Prospect.
EPM 14834 (Plain Creek) is located approximately 190km south of Charters Towers within the Devonian to Carboniferous Drummond Basin. It is connected by sealed road to the
Tenement Location plan October 2009
Reconnaissance Sampling
Rock Chip Sample Results The Return EPM 15547
Visible gold in surface sample
Helicopter reconnaissance survey EPM 15990
Surface sample EPM 15440
Surface sample results Plain Creek
