Minerals 260 (ASX:MI6) has discovered a new copper-gold zone in recent drill testing of a chargeability anomaly defined by a Gradient Array Induced Polarisation (GAIP) survey completed at the Mynt Prospect, within its Moora Project in Western Australia.
The latest results are from an 82-hole 12,959m reverse circulation (RC), and a 3-hole 588m diamond core drilling program completed in February 2023. The program has been designed to assess multiple targets on the Moora Project and adjacent Koojan joint venture (JV) area.
Minerals 260 reports further ‘significant’ copper-gold mineralisation in drillhole MRRC0105, which intersected 11m @ 1.4% Cu and 1.3g/t Au from 124-135m, including 3m @ 2.8% Cu and 4.2g/t Au from 128-131m.
The latest intersection is the fourth ‘significant’ copper and gold zone discovered coincident with the broader Mt Yule magnetic anomaly, which is a ‘large’ 7km long and up to 2.5km wide west-northwest/east-southeast trending high interpreted to indicate predominantly mafic/ultramafic rocks obscured by shallow cover.
“The exciting new results from this new area clearly demonstrate that the Mt Yule magnetic anomaly is associated with a significant mineralised system, and with each drill program we continue to get a better understanding of just how significant”
Commenting on the drill results, Minerals 260 Managing Director David Richards says: “The exciting new results from this new area clearly demonstrate that the Mt Yule magnetic anomaly is associated with a significant mineralised system, and with each drill program we continue to get a better understanding of just how significant.
We have made further important breakthroughs with this latest zone representing the fourth successive copper and/or gold mineralised zone to be unearthed at Moora. At Mynt, we have now identified mineralised zones to the south, east, and west of the original discovery hole.
Further drilling will allow us to determine how interconnected these zones are and/or whether they hold the potential for standalone economic ore bodies.”
Minerals 260 also reports that drilling activities have been suspended at Moora and Koojan ahead of cropping activities, but notes further access discussions with landowners will take place once all assays have been received, processed, and interpreted.
Minerals 260 is a Perth-based gold, platinum, palladium, nickel, and copper explorer focused on its Moora/Koojan Project, and the Dingo Rocks Project.
The company was listed on the Australian Securities Exchange (ASX) in October 2021.
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