Belararox (ASX:BRX) reports assay results for two new holes from resource drilling at the Native Bee resource area within the Belara Project have intersected massive sulphide mineralisation.
The advanced mineral explorer, which is focused on ‘high-value’ clean energy metals, announces the first positive assay results from phase one RC resource drilling at the Native Bee mine area in the Lachlan Fold Belt, New South Wales.
Phase one drilling at the Belara project is intended to build upon historic results and determine the potential of the project to host significant zinc, copper, lead, silver, and gold mineralisation.
Massive sulphide intersected in NBRC001 and NBRC002 confirm the intersection in historic hole B003, 2.7m at 5.6% Zn, 1.9% Pb, 0.4% Cu and 56 g/t Ag and historic hole B024, including 4m at 3.7% Zn, 0.7% Cu, 1.1% Pb and 39 g/t Ag.
Belararox reports that both new intersections contain more combined zinc, copper, lead, silver, and gold mineralisation than predicted by the historic resource model. The width and total metal content of the mineralisation in NBRC002 is better than the interpreted mineralisation in the historic model.
Commenting on the results, Belararox Managing Director Arvind Misra said: “We are delighted to report the new assay results for the first two holes from the resource drilling at the Native Bee resource area.
“The holes intersected massive sulphide mineralisation”
The holes intersected massive sulphide mineralisation. Both massive sulphide intersections at NBRC001 and NBRC002 were close to, or down dip from, intersections in historic holes, with the potential for extensions to mineralisation open along strike to the south of the new holes.
A DHEM survey has commenced to test for further extensions to the known mineralisation areas. Initial floatation concentrates increase confidence in successful commercial recovery of zinc, copper, lead and silver.
I would like to thank the team for the great results from the phase one resource drilling and preparations for the resource estimation work.”
The company reports that phase one resource drilling has concluded successfully at Belara and Native Bee. A total of 1 RC hole and 5 diamond tails of the phase one drilling program were completed for 676.4m to 11 August 2022.
A total of 38 holes for 5,871 m have been drilled, with 5 holes abandoned, compared to the phase one resource RC drill plan of 29 holes for 4,906m.
Belararox has a 100% interest in the 643km-square Belara Project located in the Lachlan Fold Belt of New South Wales, where drilling is underway to rapidly deliver a Mineral Resource Estimate in early H2 2022.
The project includes the historic Belara and Native Bee mines that have been drilled to a maximum depth of only 400 vertical metres and have massive sulphide mineralisation showing excellent continuity and containing significant intersections of zinc, copper, silver, lead, and gold.
Images: Belararox Ltd
