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- Metals Australia (MLS) reveals a “spectacular” 68 metre zinc-copper drill hit from its Manindi Project in Western Australia
- Drilling for extensions at the Kultarr prospect intersected a downhole zone of massive to disseminated sulphide mineralisation, which recorded up to 17.4 per cent zinc
- The drilling was done in parallel with a separate 3500 metre drilling program testing lithium bearing pegmatites
- The company says the find demonstrates the potential to significantly grow the high-grade zinc resources in the area
- Metals Australia last traded at 8.8 cents on May 9
Metals Australia (MLS) has revealed a “spectacular” 68 metre zinc-copper drill hit from its Manindi Project in the Murchison district of Western Australia.
The company has drilled two reverse circulation holes, testing key base metals targets at the project.
Drilling for extensions at the Kultarr prospect’s high-grade zinc resource intersected a downhole zone of massive to disseminated sulphide mineralisation.
Initial hand-held XRF readings were then performed on the chip samples, which recorded up to 17.4 per cent zinc, and averaged over 2.8 per cent zinc over 68 metres from 88 metres downhole.
This included a 16-metre zone, averaging 7.4 per cent zinc and 0.28 per cent copper from 105 metres downhole.
The drilling was done in parallel with a separate 3500 metre drilling program testing lithium bearing pegmatites. This intersected 17 metres of massive to disseminated sulphides from 56 metres downhole, including a seven metre semi-massive sulphide zone from 58 metres downhole.
Metals Australia Chairman Mike Scivolo said the find demonstrates the potential to significantly grow the high-grade zinc resources in the area.
“On top of that, it looks like we’re onto a parallel base-metal trend that has strongly anomalous copper, nickel, cobalt, vanadium, and zinc in the only hole to date that has tested this three kilometre trend,” he said.
Mr Scivolo said the company is now well funded to advance not only the lithium drill-out but also to grow the base metal sulphide resource of the project.
MLS last traded at 8.8 cents on May 9.
