Perth explorer Belararox (ASX: BRX) has intersected visible copper and zinc sulphides during its first completed diamond drill hole on previously untested land at the Belara Project in Central New South Wales.
The results confirm the continuity of recently-discovered sulphide mineralisation closer to surface, with the first diamond hole located 200 metres up dip from previous drilling.
Speaking on the results, Belararox Managing Director Arvind Misra said: “We have had an exciting start to our drilling campaign with the first hole drilled intersecting visible copper and zinc sulphides. The mineralized intersection is close to our target depth of 120m and more importantly, confirms continuity of the massive sulphide mineralisation.
“The mineralized intersection is close to our target depth of 120m and more importantly, confirms continuity of the massive sulphide mineralisation”
With the zinc price at an all-time high, BRX presents a unique and significant zinc and copper investment opportunity. These battery minerals are likely to remain in demand in the foreseeable future due to growth in electric vehicle and renewable energy markets.”
The company notes that this recent discovery poses ‘significant’ and ‘unique’ investment opportunities, with zinc prices hovering near all-time highs.
In addition, Belararox indicates that finalised results from phase 1 resource drilling may be used to formulate a JORC 2012 Inferred Mineral Resource Estimate over the known mineralisation at the Belara and Native Bee mine areas.
Hole BLDD001 displayed against historic drilling, interpreted massive sulphide mineralisation and 3D RPT magnetic inversionThe 643km² Belara Project is located approximately 50km south-east of Dubbo within the East Lachlan Orogen, with Belararox holding a 100% interest in all tenements
Moving forward, metallurgical test work will support the planned Inferred resource, before the commencement of an infill drilling campaign in late April.
Images: Belararox Ltd
