ETHAN MINERALS COMMENCES DRILL PROGRAM AT
MARY SPRINGS PROSPECT, NORTHAMPTON PROJECT - W.A.
Perth based explorer, Ethan Minerals Limited (ASX:ETH) is pleased to announce that the Company
has
now
commenced
a program of reverse circulation drilling
at the Mary Springs Prospect, Northampton
Project, Western Australia,
following the receipt of
all necessary government permits. The
commencement of drilling at the Company’s key tenement signals an exciting period of development for
Ethan Minerals, following their recent listing on the Australian Securities Exchange in early December.
Mining in the Northampton field first commenced in the mid-1800s and the district has been host to
several small scale operations over the years. Ethan Minerals has successfully amalgamated a substantial
lease holding in the Northampton district and it believes that the district has the potential to host
significant economic base metal deposits.
Drilling commenced at the Mary Springs Prospect on the 14 December 2009, where Ethan Minerals has a
JORC defined resource of 145,000 tonnes at 11.5% lead, with the target of defining at least 30,000 tonnes
of lead at a similar grade through the current program. Ethan Minerals has engaged the services of
Foremost Drilling Ltd to act
as drilling contractor for the drilling program, with the aim of completing
approximately five drill holes prior to the Christmas 2009 break.
The drilling program is staged, with the first stage consisting of some 1,500 metres of reverse circulation
drilling. Further drilling is anticipated following the receipt of successful results from the initial campaign
and at this stage is scheduled for early January 2010.
Mary Springs Prospect is located approximately 80 kilometres north of Northampton and is part of the
Northampton Geological Complex. Rocks of the Northampton Complex are dominated by granites,
migmatites and granulites. The Mary Springs Prospect is located around old underground workings and is
considered the Company’s priority target.
In commenting on this significant milestone for the Company, Ken Fitzgerald, Executive Director
of
Ethan Minerals said,
“The Ethan Minerals Board is excited about the commencement of the drilling program
as a milestone
and historic event for the Company
and firmly believes that the district has the potential to host
significant economic base metal deposits.”
If you would like to interview Ken Fitzgerald, please contact Rod North, Bourse Communications, (03)
9510 8309 or 0408 670 706.
ETHAN MINERALS Limited
ACN 124 354 329
Suite 24, 443 Albany Highway
Victoria Park WA 6100
Australia
T: +61 8 9472 5502
F: +61 8 9362 2805
E: ethanminerals@bigpond.com
ASX Media Release
17 December 2009
NEWS 
