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BM1 Copper System Extends Over 3.5km: Encounter Resources Announces Drilling Results.pdf

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Preview of BM1 Copper System Extends Over 3.5km: Encounter Resources Announces Drilling Results
🔗 Source: encounterresources.com.au
📊 Size: 489 KB
👤 Author: kevinh
⬇️ Downloads: 40

Summary

Key Highlights:

- BM1 Prospect Expansion: Final assay results from October's aircore drill program extend copper mineralisation at BM1 over 3.5km, with the Central Area extending to 800m long.
- Southern Drilling Success: Assay results from southern drill line include 2m @ 0.8% Cu, indicating a broader and expanding copper regolith anomaly.
- Diamond Drill Program: Initial three diamond drill holes at BM1 (two in the Northern Area, one in the Central Area) intersected haematite alteration, pyrite, and shallow easterly dipping alteration downdip of the copper regolith.
- Upcoming Drilling: Expanded $4-$5 million exploration program planned for 2011, including deep drilling to test for primary copper sulphide zones and to investigate gravity anomalies.

Project Details:

- Location: BM1 prospect within the 1300km² Yeneena project in Western Australia's Paterson Province, near major regional faults.
- Geology: Sediments of the Broadhurst Formation, similar geological setting to Nifty copper deposit and Kintyre uranium deposit.

Next Steps:

- Completion of additional shallow aircore drilling at BM1 during the 2011 field season.
- Resumption of deep drilling in March 2011 to test for primary copper sulphide zones and investigate gravity anomalies.

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Description

Encounter Resources announces significant copper mineralisation at BM1, extending over 3.5km with open ends, including highly anomalous intersections; initial diamond drilling results expected in early January 2011.

Technical Information

  • File Format: PDF
  • File Size: 489 KB
  • Pages: 4
  • Language: EN
  • Author: kevinh
  • Total Downloads: 40
  • Last Updated: 23 hours ago

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