🕐15.03.12 - 01:27 Uhr

ZAMIA METALS [ASX: ZMG] - ANTHONY MOLYBDENUM RESOURCE UPDATE





Fortbridge Media Release

Zamia Metals [ASX: ZMG] - Anthony molybdenum resource update

Zamia Metals Group (ASX: ZMG) has announced that independent resource consultant Hellman & Schofield Pty Ltd (H&S) has provided an Inferred Resource update for the Anthony deposit near Clermont, Queensland.

This latest update includes data from 1,741 m of infill diamond drilling, completed since the previous resource update, released on 20 June 2011.

Highlights:

* Independent resource consultants, Hellman & Schofield Pty Ltd, have updated the Inferred Resource estimate for the Anthony molybdenum (Mo) deposit
* New assay data from 1,741 metres of infill and deeper diamond drilling resulted in slight increases to the June 2011 resource estimate and adds confidence to the estimate
* The Inferred Resource for the primary (sulphide) zone stands at 112 million lb of contained Mo using a 400 ppm Mo cut-off grade
* The Inferred Resources for the oxide and partial oxide zones are 20 and 6 million lb, respectively, of contained Mo using a 400 ppm Mo cut-off grade
* Preliminary metallurgical results of the primary zone resulted in Mo recoveries of approximately 85% and range from 80 to 95%.
* New metallurgical test work on partial oxide zone samples indicates that a Mo recovery of >44% is achieved by sulphide flotation. External leaching tests have indicated that over 85% of the oxide or non-sulphide Mo is potentially recoverable.

The latest drill program, targeting areas of low data density within the deposit, has increased the robustness of the resource estimate, particularly at depth. Detailed results of this drilling were reported in Zamias December 2011 Quarterly Activities Report, released on 31 January 2012. The latest update confirms the resource estimate established in June 2011 and shows slight increases in the Inferred sulphide molybdenum resource at cut-off grades of 400 and 200 ppm.

Please find more in the attached announcement

For further information, please contact:

Ken Maiden
Chairman & CEO
Zamia Metals
T: + 61 2 8223 3744
F: + 61 2 8223 3799

Media/Investor Enquiries:

Fortbridge
+61 2 9003 0477
Peter-John Lewis
Mob: +61 416 290 604








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