Vancouver — Having drilled 58 holes into the Dairi project, International Annax Ventures (IAX-V) is moving ahead with a scoping study over the Anjing Hitam deposit in North Sumatra, Indonesia.
The latest drill results from a $2.5-million program include hole SOP57D, which was collared 1.3 km north of the Anjing Hitam zone, at the Lae Jehe target.
The hole cut four zones of sulphide mineralization, including 2.8 metres grading 10.2% zinc and 4.6% lead from 357 metres down-hole, 15.6 metres grading 3.7% zinc and 1.9% lead from 366 metres down-hole, 3 metres grading 5.5% zinc and 3.3% lead from 391metres down-hole and 8.4 metres grading 2.1% zinc and 1.2% lead from 429 metres down-hole.
At the Basecamp zone, hole SOP57D cut 11.4 metres grading 4.3% zinc and 0.39% lead from 212 metres down-hole and 8 metres averaging 1.7% zinc and 1.6% lead from 218 metres down-hole.
Hole SOP58D intersected a broad zone of the Julu sedex shale host, which contains multiple sulphide horizons over an approximate 50-metre intercept. The best sulphide horizon assayed 12.3% zinc and 7.7% lead over 2.53 metres. This mineralization is in character with holes SOP5D and SOP6D, which are located 100 metres and 200 metres north of hole SOP58D, respectively.
Results from hole SOP58D suggest potential for linking the Basecamp zone with the Anjing Hitam deposit, which has been drilled to within 200 metres of hole SOP58D.
The junior plans to launch a scoping study over the Anjing Hitam deposit, which hosts a previously reported indicated resource of 7.5 million tonnes grading 16.7% zinc and 10.3% lead, plus an inferred resource of 2.5 million tonnes grading 11.3% zinc and 6.8% lead.
Anjing Hitam is a high-grade, sedimentary-exhalative massive-sulphide deposit. It forms part of the company’s Dairi project.
Annax holds an 80% interest in the 350-sq.-km project and is funding all exploration. The remaining interest is held by PT Aneka Tambang, which is owned by the Indonesian state.
PT Aneka Tambang can increase its stake to 30% at the prefeasibility stage by reimbursing 15% of the exploration costs.
Australian-listed Herald Resources holds a 72.6% equity interest in Annax.
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