Half Year Financial Report 31 March 2015
Sydney, May 29, 2015 AEST (ABN Newswire) - Axiom Mining Limited (
ASX:AVQ) announce the financial report of the consolidated group for the half-year ended 31 March 2015.
Axiom commenced drilling on the Isabel Nickel Project in late November 2014 and intersected high grade nickel laterite. Grades and depths of mineralisation in the first holes drilled exceeded that recorded by previous explorers INCO and Kaiser Engineers during their exploration efforts.
In the first quarter of 2015, Axiom continued the orientation and twinning drilling program around the Kolosori Ridge and Havihua Ridge prospects on the Kolosori tenement of the Isabel Nickel Project.
Axiom also advanced development of project infrastructure and logistics, approvals and permitting, safety and environmental management, and community and stakeholder engagement.
In mid-March 2015, the company was granted a Prospecting Licence for the San Jorge tenement, which measures 36km2 and is located less than 5km south-west of the Kolosori tenement.
West Guadalcanal Project
Close to 1400m were drilled with eight holes completed at the Taho prospect area.
Mineral assemblages indicate the deposit is part of a carbonate base metal low sulphidation epithermal system—these minerals include rhodochrosite, ankerite, siderite, pyrite, galena, and various silver-based sulphides (similar to Porgera, PNG).
This initial drilling has assisted in building the 3D geological model and interpreting the orientation of the mineralised structures.
Currently, a technical review is underway to assess the further potential at Taho prospect and along the 14km long Hoilava River mineralised corridor.
To view the Half Year Report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-AVQ-860340.pdf
About Axiom Mining Limited
Axiom Mining Limited (ASX:AVQ) focuses on tapping into the resource potential within the ore-rich Pacific Rim. Through dedication to forging strong bonds and relationships with the local communities and governments where we operate, Axiom Mining has built a diversified portfolio of exploration tenements in the Asia-Pacific region. This includes a majority interest in part of the Isabel Nickel Project in the Solomon Islands and highly prospective gold, silver and copper tenements in Solomon Islands and North Queensland, Australia. Axiom Mining is listed on the ASX.
For more information on Axiom Mining, please visit www.axiom-mining.com
| ||
|
