Pacific Resources (ASX:PXR) reports the ‘highest copper grades’ recorded to date at its Dogwood Porphyry Copper-Molybdenum Project in Victoria.
Latest assays from holes DGWDDH005 and DGWDDH006 confirm a new ‘high-grade’ copper zone, with DGWDDH005 returning 1.5m @ 0.79% copper (Cu) from 79.6m, including 0.9m @ 1.1% Cu.
These results are approximately 36% above the previous best intercept of 0.5m @ 0.807% Cu.
CEO Andrew Fogg says the results support the porphyry copper-molybdenum model the company has been developing.
“These are the first laboratory assay results from DGWDDH005 and DGWDDH006, the highest-priority unassayed holes from the 2022 diamond drilling program at Dogwood,” Fogg adds.
The company reports significant molybdenum in DGWDDH005, with a peak of 975ppm molybdenum at 85.9–86.2m within a broader anomalous zone from 73.8–89.5m.
DGWDDH006 returned 3.3m @ 0.27% Cu from 100.6m, including 0.7m @ 0.67% Cu, in sulphidised chert breccia approximately 170m south of DGWDDH005.
Tungsten up to 40 parts per million (ppm), bismuth up to 83ppm, and elevated sulphur up to 7.9% support a polymetallic porphyry-related system. These discoveries are the first such signature identified at Dogwood from laboratory assay.
The Dogwood Project sits within the Lachlan Fold Belt of eastern Victoria. First Au (ASX:FAU) drilled a 14-hole diamond program in 2022, with only holes DGWDDH001 to DGWDDH004 previously assayed.
Pacific Resources is continuing logging and sampling of DGWDDH005 and DGWDDH006, with additional intervals under geological review.
The company plans to extend the same program to the remaining unassayed holes from the 2022 program.
Write to JC Villarba at Mining.com.au
Images: Pacific Resources
