Marquee Resources (ASX: MQR) has intersected wide zones of ‘high-grade’ copper mineralisation during diamond drilling at its Lone Star Copper-Gold Project in Washington State.
The company reports that the first ten drill holes, totalling 1,840m out of a planned 42-hole 6,000m campaign has been fully logged and processed, with all 10 holes intersecting visible chalcopyrite-pyrite mineralisation, and the first two holes delivering ‘significant’ elevated gold and silver values.
Commenting on the results, Marquee Resources Executive Chairman Charles Thomas said: “It’s exciting to continue to see visible chalcopyrite-pyrite mineralisation in all 10 of the logged drill holes as we rapidly progress through the drilling program. Particularly observing wide zones of sulphides in our eastern drill holes which are aimed to test the downdip potential of the Project.
“It’s exciting to continue to see visible chalcopyrite-pyrite mineralisation in all 10 of the logged drill holes”
The drilling program is progressing at an impressive pace considering the winter conditions the crew are fighting with and every hole we drill grows our confidence in the quality of the Lone Star Project. We are also pushing drill hole depths well beyond the historical data so we’re looking forward to seeing this project evolve.
We’re looking forward to the next batch of results and we continue to push for a JORC compliant resource to be delivered in the first half of 2022.”
The drill program has been tasked with validating the project’s historical drill hole database and resource model, delivering a JORC compliant mineral resource estimate, and testing for extensions to the historical resource.
Earlier assay results from the first two holes, reported on 6 January 2022 included:
- Hole LS21-001:
- 44.2m @ 1.3% Cu from 65.8m
- including 19.8m @ 2.4% Cu
- 22.1m @ 1.15% Cu from 140.4m
- including 8.5m @ 2.1% Cu
- 44.2m @ 1.3% Cu from 65.8m
- Hole LS21-002:
- 15.54m @ 3.7% Cu & 1.8g/t Au from 48.3m
- 2.6m @ 18.5% Cu & 10.4g/t Au
- 53.6m @ 0.8% Cu from 120.7m
- including 7.6m @ 2.1% Cu & 1.4g/t Au.
- 15.54m @ 3.7% Cu & 1.8g/t Au from 48.3m
A total of ~460m of sulphides were visually logged over the eight drill holes that are currently pending assay results. Importantly, multiple zones of visual massive sulphides were intersected in holes LS21-010 and LS21-011.
Marquee has recently entered into an earn-in agreement to acquire up to 80% of the 234-hectare Lone Star Copper-Gold Project, located 40km north-north-west of Republic, Washington, and adjacent to the Canada-USA border.
With the strong encouragement delivered by core visuals, the company is pushing drill holes well beyond the historical depths. A second batch of assay results is due in early-February.
Images: Marquee Resources Limited
