Vancouver With the Anjing Hitam zone at the feasibility stage, International Annax Ventures (IAX-V) is busy searching for additional zinc-lead-silver resources on the Dairi property in Indonesia.
The junior has one rig turning at the Lae Jehe target, some 1.2 km north of Anjing Hitam. The latest hole, SOP-52, tested the mineralized zone 200 metres below hole 17 (23.5% combined zinc-lead per tonne over 3.3 metres) and cut two horizons. The first returned 10.7% zinc and 7.5% lead over 2.2 metres. The second yielded 8.5% zinc and 3.7% lead over 1.9 metres. To date, the zone has been cut to a vertical depth of 400 metres. Infill drilling is required to define the resource potential.
International Annax has the second drill working on the Bongkaras zone. Located 2.2 km northwest of Anjing Hitam, holes SOP-50 and SOP-51 tested the downdip extension of mineralization hit in last year’s holes SOP-44 and SOP-45. The first hole cut 1.9 metres grading 3.7% zinc and 1.9% lead. The second hit three mineralized horizons grading up to 3.8% zinc, 1.4% lead and 17 grams silver over 5.4 metres from 138 metres down-hole.
Last year’s drill program outlined an indicated resource of 7.5 million tonnes grading 16.7% zinc, 10.3% lead and 14 grams silver per tonne for the Anjing Hitam zone.
The initial resource figures are based on 24 drill holes covering an 800-metre strike length. Slated in the inferred category are 2.5 million tonnes grading 11.3% zinc, 6.8% lead and 13 grams silver. The zone remains open along strike and downdip to the east.
Mineralization is hosted in a 30-to-140-metre-thick carbonaceous shale-and-siltstone sequence that strikes northwest and dips 35-60 to the northeast. The mineralized beds appear to flatten out at depth.
North of Anjing Hitam at the Base Camp zone, the junior has pegged an inferred resource of 600,000 tonnes grading 6.3% zinc, 3.7% lead and 4 grams silver. The resource is based on four drill holes covering sections 10,400 north and 10,500 north.
The Dairi project comprises a 220-sq.-km, seventh-generation contract of work and a Kuasa Pertambanggan (land permit) of 136 sq. km.
International Annax holds an 80% interest in the project. Aneka Tambang, an Indonesian mining company, holds the remainder.
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