Lincoln Minerals (ASX:LML) has identified a 7km strike of a multi-metal sulphide system at the Minbrie prospect within the greater Minbrie Project, along the Eyre Peninsula of South Australia.
Assays returned new results of apparent width including 0.3m @ 0.18% copper, 2% zinc, 4.6 grams per tonne silver from between 451-451.3m, as well as 0.7m @ 3.1% zinc, 0.46% lead from 201.3-202m.
Laboratory assays intended to follow up on historical drilling conducted by Centrex Metals (ASX:CXM) in 2011, a program that Lincoln suggests overlooked the base metal potential under the banded iron formation in its search for iron ore.
Historical assays include 29.5m @ 0.8% copper, 7.5% lead, 1.9% zinc, 9g/t silver from 131.1m including 12m @ 1.4% copper, 12.4% lead, 2.1% zinc, and 13g/t silver from 139m.
CEO Jonathon Trewartha says the results confirm a multi-metal sulphide system that remains open in multiple directions.
“By re-assaying the historic core, we’ve unlocked significant copper, zinc, lead, and silver potential at minimal cost and in rapid time,” Trewartha says.
“This positions Minbrie as a potential large-scale multi-metal discovery in an underexplored district, giving us a clear runway to target thicker, higher-grade zones as we move into our high-impact drilling program next quarter.”
This new exploration program intends to prepare the company for its maiden drilling campaign in Q4 2025 with refined and new targets.
Lincoln Minerals is an Australian explorer focused on developing its portfolio of critical minerals projects in the Gawler Craton region of South Australia.
Write to Maddison Elliott at Mining.com.au
Images: Lincoln Minerals
