According to foreign media reports, the latest sample analysis results of private enterprise transition resources drilling in Greenland, Queensland show that there may be a gold rich belt with an ore volume of billions of tons in the Highway Corridor.

Because there is only a small amount of evidence at present, this result is largely the result of model analysis, but drilling in a small area in the past year confirmed this judgment.

Haiwei corridor is a previously unknown ore belt, 21 kilometers long, with gold and other key metals such as tungsten, cobalt and rare earth.

The main mineralization indications of the sample analysis include:

◎ the ore is found at the depth of 31 meters, 11 meters, and the gold grade is 9.58 g / T;

◎ see the ore at the depth of 35 meters, 9 meters, and the gold grade is 10.3 g / T;

◎ the ore is found at the depth of 76 meters, 9 meters, and the gold grade is 10.4 g / T;

◎ the ore is found at the depth of 63m, 11m, and the gold grade is 6.92g/t.

The main mineralization of tungsten shows that the ore is found at a depth of 152 meters, with a grade of 0.6%, including mineralization with a thickness of 8 meters and a grade of 1.6%.

Although the sample analysis results of other elements have not been completed, David Wilson, founder and CEO of CHUANSHI resources, said that the cobalt grade can reach up to 0.39% and the praseodymium neodymium grade is 0.0746%.

Although drilling has so far been limited to a small area and substantial investment is required to obtain resources, the company believes that the discovery of the Haiwei ore belt is exciting.

The company believes that the ore belt is a real green discovery in kronkly area, which will bring new ideas for exploration in this area.

Because of the overburden, even close to the existing infrastructure, there has never been mining activity in the history of the area.

In the past year, CHUANSHI company completed 22000 meters of drilling, mostly limited to a 650 meter long belt.

Although cash resources provide the company with the opportunity to quickly realize capital flow through small-scale mining, CHUANSHI company is more interested in the potential of copper and rare earth in the region.

In the near future, the company will start drilling for the discovered rare earth ore spots and conduct diamond drilling verification for deep geophysical exploration targets.

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