RE: RNS Out5 Oct 2018 08:09
HIGHLIGHTS:
Ø With over 124,000m of drill hole assays now received, a further 70,400m of drilling has been added to the existing Alpala Maiden Resource during 2018 of 5.2Mt of copper (2.3Mt Indicated, 2.9Mt Inferred) and 12.3MOz of gold (6Moz Indicated, 6.3MOz Inferred) (published January 2018 - refer Table B in the Notes to Editors for full details).
Ø Approximately 32,000m of further drilling set to be completed at Alpala in 2018, significantly adding to the Mineral Resource Estimate ("MRE") update.
Ø Updated Mineral Resource Estimate projected for completion and release December 2018.
Ø Recent drilling highlights include Hole 55R-D1 (869m @ 0.72% CuEq, including 378m @ 1.17% CuEq), Hole 58-D1 (983m @ 1.08% CuEq, including 456m @ 1.71% CuEq), and Hole 66 (634m @ 1.25% CuEq, including 301m @ 1.88% CuEq and 174m @ 2.46% CuEq open at depth).
Ø Hole 66 intersects rich porphyry style mineralised zone containing visible gold.
Ø Hole 64 intersects new zone containing primary bornite mineralisation at Alpala NW.
Ø Assay turnaround reduced to 3 weeks.
Ø Internal geology, grade and resource modelling indicates potential for significant growth in total metal inventory at Alpala at all cut-off grades.