DATE: Monday 2nd APRIL, 1992. Commencing at 5.15pm
VENUE: 1st Floor, Rugby Club, Crane Place, Sydney
SPEAKER: Wally Bucknell (Exploration Manager, Plutonic Resources)
TOPIC: “Surveyor 1 – Geology of the Balcooma Volcanogenic Massive Sulphide Deposit – Queensland” The Surveyor 1 – Balcooma Project is managed by Plutonic Operations Ltd on behalf of the sole owner, Lachlan Resources N.L. Plutonic Resources maintains a 62% interest in Lachlan Resources N.L. Ore grade base metal mineralisation was first intersected at Balcooma in 1978 and subsequently the Surveyor 1 and Dry River deposits to the south were located. At Surveyor 1 a measured resource of 483,000 tonnes at 0.8% Cu, 7.30% Pb 19.70% Zn, 146g/t Ag and 1.10g/t Au has been estimated. The other deposits are larger but of lower grade. Drilling is continuing in order to develop additional resources.