Robust Resources (ASX: ROL) has been turning investor heads recently with drilling results from Romang Island.
ROL has also been active on its Cumnock tenement (EL 6417) near Orange in NSW. Broad spaced soil sampling has located new gold and base metal anomalies at Gumble and Mount Catombal as part of the tenement ground.
Copper and gold anomalies were encountered in the northern grid. These will require follow-up by prospecting/ rock chip sampling, and/or closer spaced soil sampling.
ROL is manager of the Joint Venture with Ausmon Resources Limited (ASX: AOA). Robust farmed out an 85% interest its NSW tenements including EL 6417 (Cumnock), near Orange. The deal excluded Bauloora (EL 6414) near Cootamundra, which is 100% owned by Robust. Under the agreement Ausmon will spend $250,000 p.a. on the tenements as a whole for 3 tenement years ending May 2011, with a right to withdraw after 2 years. ROL will retain a 15% free carried interest.
A total of 15 to 20 new copper and/or gold anomalies have been discovered. These anomalies are significant in that they most likely represent the surface expressions of base and precious mineralisation at depth.
Gumble is prospective for skarn type deposits, and the Mt Catombal area for disseminated copper sulphides with epithermal gold.
Further exploration will focus on sampling of the most northerly anomaly, extending northwards. Broadly spaced soil sampling will be undertaken in areas where rock chip sampling has yielded anomalous results. The work will hone targets for further probing using air core and/or RC percussion drilling.
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