Loyal Metals (ASX:LLM) has intersected 60m of shallow, semi-massive, and disseminated chalcocite copper supergene mineralisation at the eastern side of the open pit at the Highway Reward Project in Queensland.
Mineralisation is located 110m vertically from the surface and 50m from the eastern wall of the pit, uncovered from the company’s second drill hole at the project.
Loyal says chalcocite, which hosts around 79.8% copper, affirms the presence of copper-gold mineralisation along the eastern wall.
Assays from the first two holes are still pending, with the first hole expected to be returned in January 2026. The company is currently drilling its third hole which intends to further delineate the massive sulphide pipe and follow up on a near-surface zinc discovery.
Terra Search Principal Geologist Simon Beams says Loyal’s discovery of a copper rich supergene zone so early in the drilling campaign is an “outstanding and exciting result”.
“This discovery highlights the exceptional potential of the Highway Reward copper-gold volcanic-hosted massive sulphide system, and we look forward to receiving assay results to confirm the extent of this copper-gold mineralisation,” Beams says.
The reward chalcocite copper supergene ore body has historically produced 543,500 tonnes @ 9.6% copper and 1.4 grams per tonne gold at a 2.2% copper cut-off grade, some of which material was treated as direct shipping ore.
As reported by Mining.com.au, Loyal has obtained $8.2 million in funding to advance the Highway Reward Project.
Loyal Metals is a mineral explorer focused on its portfolio of projects in Australia and North America.
Write to Maddison Elliott at Mining.com.au
Images: Loyal Metals
