SHE 0.00% 0.9¢ stonehorse energy limited

stonehenge upside

  1. 15,908 Posts.
    lightbulb Created with Sketch. 789
    This one seems to be going under peoples radar,
    but they surround AGM's ground for nicol, and look to have some other interesting prospects.

    Large nicol project picked up in indonesia

    Base metals in Aus,

    tin production starting in march qauter 2008,

    This from the quaterly

    Stonehenge Metals Limited is an exploration company formed in 2006 to explore a portfolio of highly
    prospective tin, nickel and zinc exploration projects in North West Tasmania.

    In late 2007 the company
    acquired the right to explore and mine the Mandiodo nickel laterite deposit on the island on Sulawesi
    in Indonesia.

    Mandiodo Nickel Project: Mandiodo is located in Southeast Sulawesi, Indonesia and consists of two
    permits totaling 31.5 square kilometres. Extensive historical drilling has identified a nickel laterite
    blanket covering an area of 4.2 km long by 1.0 km wide and up to 20 metres deep with significant
    potential for expansion. The average grade of the historical drilling is 1.3% nickel. Existing
    metallurgical work indicates that a proportion of the deposit is amenable to direct smelting hence the
    deposit may be exploited be simple mining and shipping. Stonehenge is currently finalising acquisition
    of the project

    Stonehenge Nickel Project: The Stonehenge exploration lease has the potential to host significant
    nickel deposits. The lease contains the same rock units and aeromagnetic anomalies that have
    produced Allegiance Mining NL’s Avebury nickel mine on adjacent ground. The anomalies have not
    been tested by drilling and could be related to significant nickel mineralisation. The drilling of this
    magnetic anomaly will be a priority and the magnetic data covering this tenement will be reviewed to
    identify all magnetic targets.

    Stonehenge Base Metals Project: In addition to nickel, the Stonehenge exploration lease has the
    potential to host significant lead-zinc-silver deposits. The lease contains the same rock units and
    structural corridors that have produced Zeehan Zinc’s Comstock mine on adjacent ground. There are
    approximately 7km of strike length to explore on three trends each of which contain several historical
    mines. Preliminary channel sampling at Sunshine has identified 10m @ 22% zinc. The drilling of the
    Sunshine and Swansea deposits will be a priority and the historical data covering this tenement will be
    reviewed to identify all base metal targets.

    Granville Tin Project: The Granville East tin deposit appears to be a strata-bound, carbonate
    replacement deposit (skarn). Sampling has established the presence of some very high grade zones
    of ore and recent mining has confirmed the open pit to be a potential source of ore of good grade and
    character. Early tin production from stockpiles, waste dumps, some pit ore and reprocessing of tailings
    is planned to proceed, in tandem, with the current resource drilling.

    The Central Big 'H' tin prospect appears to be similar to Granville East's. Its magnetic anomaly size
    and strength (200nT) indicates that it may be a smaller, lower-grade (+1%) analogue of the Granville
    East tin skarn. Stonehenge Metals will conduct an initial, two to four hole, reconnaissance drilling
    program over the prospect to test this possibility.

    Federation Tin Project: The Federation lease covers a number of tin bearing lodes in an area known
    as the South Heemskirk Tin field the country rock underlying this tenement is a part of the Heemskirk
    granite which is a multiphase intrusion with the tin mineralization being related to the latest phase. The
    major Tin prospects are Sweeny's, Federation and an untested magnetic anomaly West of Sweeny's.

    Interview River Tungsten Project: The Interview River Licence covers a number of tungsten bearing
    lodes in an area known as Interview River. The country rock underlying this tenement is a part of the
    Interview granite which is a multiphase intrusion with the tungsten and tin mineralization being related
    to the latest phase. Further east the tenement covers folded and faulted sediments with elevated
    copper results.


    Comments appreciated.
 
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