ENTERPRISE METALS LIMITED
ASX ANNOUNCEMENT 26 September 2012DRILLING COMMENCES AT VULCAN PROSPECT, DOOLGUNNA
? 260 hole aircore drilling program (10,000m) underway
? Drilling targeting areas with visible gold in trench and rocks
? Gold/copper and multi-element soil anomalies to be tested
SUMMARY
Enterprise Metals Limited ("Enterprise" or "the Company",
ASX: "ENT") is pleased to announce the commencement of
aircore drilling at its Vulcan Prospect, located 130km
northeast of Meekatharra in WA, and some 13km southwest of
Sandfire Resources NL's DeGrussa deposit.
A 260 hole program (10,000m), with drillholes at a nominal
100 - 200m x 100m spacing, has commenced to follow up
encouraging drill and geochemical results recently identified
by the Company (ENT:ASX announcements 23 August & 17
September 2012). More specifically the drilling will target:
? Visible gold identified in gossan within the excavated trench,
? A 1,500m long copper/gold soil anomaly,
? Highly anomalous rockchip sample (810g/t Au, 0.1% Cu, 18.3g/t Ag, 1.0% Bi, 132ppm Mo),
? A multi-element (Au-Ag-As-Pb-Zn-Mo-Sb-Cd, VMS* style association) soil anomaly, and
? Anomalous gold and copper results from the recent aircore program.
The drilling has the ultimate aim of defining secondary/oxide gold-copper mineralisation within the weathered profile, thus allowing the focussing of deeper RC drilling.
Vulcan Prospect History
The Vulcan Prospect was originally identified when visible
gold associated with gossan was discovered in a shallow pit
and later confirmed in a larger excavated trench. Soil
sampling in the surrounding area has since defined a 1,500m
long copper/gold anomaly, along with a rockchip containing
visible gold (810g/t Au).
Figure 1 overleaf shows the location of the copper/gold soil
anomalism, current aircore drillhole locations, and the
810g/t Au rockchip.
*VMS: Volcanogenic massive sulphide
ENTERPRISE METALS LIMITED (ACN 123 567 073) 1 | P a ge
ENTERPRISE METALS LIMITED
Telephone: 08 9436 9200 Facsimile: 08 9436 9299 Email: admin@enterprisemetals.com.au
Competent Persons statementThe information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Mr Derek Waterfield, who is an employee of the Company. Mr Waterfield is a Member of the Australian
Institute of Geoscientists and has sufficient experience of relevance to the styles of mineralisation and the types of deposits under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the
2004 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Waterfield consents to the inclusion in this report of the matters based on information in the form and context in which it appears.
ENTERPRISE METALS LIMITED (ACN 123 567 073) 2 | P a ge
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