Highlights
Summary of drilling results from First Quantum 2023 drilling on EL6081 and EL6510
Following a phase of regional data assessment and targeting for base metals in the Paleo-Mesoproterozoic basement stratigraphy, a rotary mud-diamond drilling program was conducted on EL6081 and EL6510 during October-December 2023. Six holes totalling 2,473.4m across three targets were completed by DDH1 Drilling. The program intended to test several target styles associated with the Bimba Formation, the regionally anomalous unit that hosts the majority of known base and precious metal occurrences in the region.
Atlas target
Three holes totalling 1,029.5m were completed at the Atlas target, 4km east of Honeymoon. Drilling yielded several zones of stratiform and vein-hosted copper mineralisation with minor gold and outboard weak zinc at the interpreted Bimba Formation position, in two holes separated by 1.3km strike length. Mineralised intercepts include 16m @ 0.27% Cu and 0.1g/t Au, from 288m (23CURDD002) and 47m @ 0.19% Cu from 404m (23CURDD006), with a number of narrower zones of 5-6m containing up to 0.5% Cu and 0.12g/t Au. The intercepts are proof of process; evidence for movement and precipitation of copper (~gold/~zinc) within the Bimba Formation in the target area.
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