Macro Metals (ASX:M4M) have received ‘high-grade’ rock chip samples of up to 33% copper from 4 rock chip samples taken on the initial site trip to the Mogul Copper-Zinc VMS Project in Western Australia.
The company reports these ‘high-grade’ samples confirm the prospectivity of the Mogul and CEC gossan clusters. Additionally, the results are consistent with results of up to 36% copper (Cu) and 11% zinc (Zn), which were reported by previous operators.
With the results confirming the projects’ prospectivity, an external Geophysical contractor has engaged in conducting gravity and IP surveys to assist in locating the extensions to the confirmed mineralisation.
The prospect area covers a steeply dipping anticlinal belt of Archean greenstones, metasediments, and volcanics, surrounded by younger Archean greywackes, shales, conglomerates, and tuffs.
Additionally, the Mogul Project is cut by regional north-south faults with multiple gossans being mapped along the western strike of the fault.
Macro notes the occurrence of multiple gossans being mapped along the strike of the regional north-south fault also points to the potential for multiple clusters of mineralisation, as seen at prominent VMS deposits, such as Golden Grove.
The Mogul VMS Project is covered by tenement E46/1399, located 60km east of Nullagine in Western Australia.
Macro Metals is an ASX-listed iron ore and steel development company, formerly known as Kogi Iron. The company is Perth-based and focuses on African iron ore production, through the development of its wholly-owned Agbaja Iron Ore Project in West Africa.
Images: Macro Metals Ltd
