Highlights
MCD009
o Completed to a depth of 637m, having intersected a tonalite porphyry in the top 309m of the hole (Wale Batholith) and a strongly potassic altered micro-diorite from approximately 309m to 637m
o Evidence of porphyry mineralogies including quartz, magnetite, epidote and sulphide veins and fracture fill sulphides occur throughout MCD009
o The best intercepts recorded are:
- 20m @ 0.18% Cu, 0.01 g/t Au and 50ppm Mo from 75m
- 21m @ 0.13% Cu, 0.01 g/t Au and 7ppm Mo from 186m
o MCD009 intersected a large porphyry system but did not intersect high-grade zones
o Strong evidence of a porphyry system at Mongae and Monoyal and further petrology and detailed geochemical analysis is required in order to vector in on higher grade zones and or adjacent mineralised skarns prior to further drilling
MCD009 was drilled at the Mongae prospect in January and
The hole was stopped at this depth due to the limited depth capability of the rig combined with adverse ground condition. The map showing the location of MCD009 with respect to the other drill holes at Mongae - Monoyal is presented on Figure 1* and hole parameters are included in Table 1*.
The hole intersected the Wale Batholith, in the top 309m of the hole and at sporadic intervals for the rest of the hole. A microdiorite, or a less differentiated phase of the Wale Batholith was intersected in the remainder of the hole.
MCD009 intersected widespread, low levels of copper mineralisation throughout the entire hole with associated Mo. Higher grade zones (+0.1% Cu) were intersected throughout the hole with the best intercept being 20m @ 0.18% Cu from 75m. Other intercepts of note are:
- 21m @ 0.13% Cu and 7ppm Mo from 186m
- 13m @ 0.12% Cu and 23 ppm Mo from 363m
- 46m @ 0.10% Cu and 39ppm Mo from 410m
- 68m @0.10% Cu and 57ppm Mo from 534m
An idealised section of the hole showing the copper and molybdenum geochemistry is included as Figure 2* and significant intercepts are presented in Table 2* and Table 3*.
*To view tables and figures, please visit:
https://abnnewswire.net/lnk/3LTRF299
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