(MENAFN- ProactiveInvestors)
() has intersected broad copper sulphide mineralisation within breccia pipe structures at its flagship Redbank Project in the McArthur Basin Northern Territory.
High grade sulphide copper mineralisation has been shown to be continuous between drill sections.
Drilling also tested broad and deep copper mineralisation within the oxide zone.
Significant intercepts are:
- 68 metres at 1.21% copper from 92 metres including 21 metres at 2.24% copper from 97 metres;
- 12 metres at 1.39% copper from 108 metres;
- 56 metres at 1.21% copper from 0 metres including 25 metres at 2.12% copper from 15 metres; and
- 9.5 metres at 3.6% copper from 162 metres.
Copper mineralisation at Redbank is hosted by moderate to steeply dipping altered and partially brecciated zones generally in the shape of cylindrical ‘pipes’.
Within these pipes grades of over 30% copper have occurred in the oxide zone and historic open cut mining has focused on mining this high grade copper oxide ore at Sandy Flat as well as smaller excavations at the Redbank Azurite and Prince prospects
The drilling was designed to test the interpreted geological model which can be used to guide further work.
Results to date have confirmed geological interpretations and the robustness of the mineralisation.
Proactive Investors Australia is the market leader in producing news articles and research reports on ASX emerging companies with distribution in Australia UK North America and Hong Kong / China.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.