Multi-mineral explorer Golden Deeps Ltd (ASX:GED) has extended the Hazelbrook Zone of its Havilah project in New South Wales through the intersection of a 92-metre long thick zone of disseminated sulphides, with this including silver-bearing pyrite and sections of copper sulphide chalcopyrite.
The discovery was made in one hole (HVD004), as part of diamond drilling at Hazelbrook – and it extends the Zone’s sulphide mineralisation 200 metres northeast of another sulphide intersection (measuring 80 metres) in hole HVD003.
The 92-metre intersection is made up of mostly disseminated sulphides (that is, pyrite plus or without chalcopyrite and sphalerite) and includes a 42 metre zone from 88.2 metre with patches of chalcopyrite.
The mineralisation produced portable XRF (pXRF) readings of up to 3.6% copper, with an average of detected readings of 1,010 ppm (>0.1%) copper.
Additionally, a reading of 346 grams per tonne of silver was produced from a pXRF measurement of a patch of pyritic sulphide mineralisation at 17 metres.
CEO Jon Dugdale said the exploration efforts had yielded significant results in extending the Hazelbrook Zone, which as part of Havilah, lies along the Lachlan Fold Belt.
“Previous soil sampling, currently being infilled and extended, indicates that the
mineralised zone at Hazelbrook extends over at least 1km of strike,” he said.
“The widespread mineralisation at Havilah indicates we’re on top of a large porphyry-sulphide system with similar geological characteristics to major deposits in the Lachlan Fold Belt such as Cadia-Ridgeway.
“Subject to laboratory assay results, including for gold and silver, and the further soil sampling, we look forward to launching a new drilling program to test this exciting discovery of widespread, copper-bearing, sulphide mineralisation.”
Golden Deeps saw its share price rise on the news. At 12:09 AEST, shares were trading at 4.3 cents – a rise of 13.16% since the market opened.
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