Vancouver — Now that the Anjing Hitam zone is at the feasibility stage, International Annax Ventures (IAX-V) is searching for additional zinc-lead-silver resources on the Dairi property in Indonesia.
Some 1.2 km north of Anjing Hitam, the junior has one rig turning at the Lae Jehe target.
Hole SOP-49 intersected three mineralized horizons grading up to 3.5% zinc, 2.2% lead and 15 grams silver per tonne over 11.3 metres from 332 metres down-hole. Some 150 metres to the east, hole SOP-52 cut one mineralized horizon over 10.3 metres and another over 2 metres. Assay results are pending.
International Annax has a second drill working on the Bongkaras zone, 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. Hole SOP-50 cut 1.9 metres grading 3.7% zinc and 1.9% lead. Hole SOP-51 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 were based on 24 drill holes over an 800-metre strike length. 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, which strikes northwest and dips 35-60 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 seventh-generation contract of work that covers 220 sq. km and a Kuasa Pertambanggan (land permit) of 136 sq. km.
International Annax holds an 80% interest in the project. The remainder is held by Aneka Tambang, an Indonesian mining company.
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