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Alara launches study for copper and gold mining

Steel News - Published on Mon, 02 Jul 2012

Oman Daily Observer reported that Australian based minerals exploration and development company Alara Resources Limited has kicked off a scoping study for an integrated mining and processing project linked to the development of potential copper and gold deposits in the Samayil Ophiolite belt.

Preliminary plans drawn up by the Perth based company envisage a 500,000 tonnes per annum throughput mining and beneficiation facility to be established at Washihi about 25 kilometers from Izki. The proposed facility will not only process feedstock from the Washihi site, but also from the nearby Mullaq prospect and the Daris prospect near Rustaq.

The scoping study along with a vigorous drilling and exploration program underline ongoing efforts by Alara Resources to develop potentially promising copper and gold deposits at a number of sites across northern Oman. The firm’s wholly owned subsidiary, Alara Oman Operations Pty Limited, currently has rights to acquire interest in five exploration licences extending over 1,188 square kilometers of prospective areas in the Sultanate.

It includes rights to acquire up to 75% interest in Pilatus Resources Oman LLC, which currently holds exploration licences that cover the Washihi, Al Ajal and Mullaq areas all of which are believed to hold potentially sizeable copper and gold deposits. Alara also has 50% interest in the Daris Copper and Gold Project in Block 7 and rights to acquire up to 70% in the Awtad Copper and Gold Project in adjoining Block 8.

Under JV arrangement concluded with Pilatus, Alara has been pursuing a drilling program targeting the Washihi prospect. Drilling results confirm the potential for thick mineralization at high grade from the Washihi Copper and Gold Project.

Mr Shanker Madan MD of Alara said that “These drilling results are very encouraging and provide further visibility around the potential project size and economics of the Washihi Project.”

Source - Oman Daily Observer

(www.steelguru.com)


Posted By : admin on Mon, 02 Jul 2012
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