GreenLight Metals (TSX-V:GRL) has extended copper-gold mineralisation down-dip at its Bend Project in Wisconsin, US, supporting its interpretation of an eastward-plunging zone.
Hole B26-016 returned 30.62m @ 1.20% copper (Cu), 1.33 grams per tonne gold (Au), and 16.77g/t silver (Ag) from 468.12m downhole. The interval graded 2.67% copper equivalent (CuEq).
It included 6.51m @ 2.15% Cu, 1.71g/t Au, and 32.83g/t Ag, grading 4.11% CuEq. A second interval returned 11.20m @ 1.28% Cu and 1.56g/t Au from 487.54m, grading 3% CuEq.
Estimated true thickness is approximately 70–75% of the reported interval.
B26-016 was drilled approximately 55m down-dip of B26-015, which returned 25.17m @ 1.30% Cu and 1.30g/t Au.
President and CEO Matt Filgate says the result provides further guidance for follow-up drilling.
“More than 30m of mineralisation, with two higher-grade intervals, strengthens our interpretation of the eastern copper-gold zone,” Filgate says.
“These results give us a clearer basis for targeting the next drill holes as we work to define the extent and geometry of the system.”
Assays from B26-017 remain pending, while B26-018 is in progress.
CuEq calculations assume US$4.50 ($6.56) per pound copper, US$3,600 per ounce gold, US$40 per ounce silver, and 90% recovery.
The result builds on earlier drilling that extended the Bend copper-gold zone east.
Bend hosts a 1992 historical estimate of approximately 4 million tonnes @ 1.74% Cu, 2.44g/t Au, and 11.56g/t Ag. It is not a current mineral resource.
GreenLight Metals is a Canadian explorer advancing copper-gold projects in Wisconsin and Nevada.
Write to France Pinzon at Mining.com.au
Main image: GreenLight Metals
