RE: RNS Out19 Jan 2021 11:30
Highlights
· Drilling of the first of three planned holes on the Phase One Drilling Programme at the Racecourse Mineral Resource on the Bushranger Project, has now traced the plunge of the deposit to a downhole depth of 1,047m in angled drill hole BRDD-20-001
· Copper mineralisation in the hole was first noted at a depth of 110m and the hole has been mineralised continuously to the current depth of 1,047m, 232m past the original planned finishing depth
· The hole continues to encounter strong visible copper mineralisation, and will be further extended until the zone is drilled through
· The copper mineralisation is predominantly disseminated chalcopyrite (copper sulphides) within a strongly altered quartz-feldspar porphyry intrusive body
Colin Bird, Executive Chairman said: "The hole is still continuing in strong mineralisation to the current depth, extending the potential scale of the porphyry system at Racecourse. We will continue to drill until we bottom out of the zon