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- Metals Australia (MLS) returns up to 3.09 per cent zinc from its latest drilling program at the Manindi project in Western Australia
- The results come from reverse circulation drilling at the Kultarr zinc prospect, which produced an intersection of high-grade zinc with copper and silver mineralisation
- The intersection extends the high-grade zinc mineralisation at the prospect down-plunge and opens up the potential for deeper drilling to “substantially” increase the zinc resources at the prospect
- A follow-up diamond drilling program is now on the cards to test the down-plunge extensions of the zinc mineralisation at both the Kultarr and Kowari prospects
- Metals Australia last traded at 9.5 cents on May 23
Metals Australia’s (MLS) latest assay results from the Manindi Project in WA have included up to 3.09 per cent zinc.
The company has received results from a reverse circulation drilling program at the Kultarr zinc prospect, which produced an intersection of high-grade zinc with copper and silver mineralisation.
Metals Australia said the ”exceptional” results included 68 metres at 3.09 per cent zinc, 0.2 per cent copper, and 2.33 grams of silver per tonne (g/t) from 89 metres. This intersection included a 24-metre zone at 6.47 per cent zinc, 0.29 per cent copper, and 3.58 g/t silver from 100 metres.
The company said the intersection extended the high-grade zinc mineralisation at the prospect down plunge to the south and opened up the potential for deeper drilling to “substantially” increase the high-grade zinc resources at the prospect.
“This exceptional intersection of high-grade zinc mineralisation at Manindi is a key breakthrough for the company, as it has opened up the potential to significantly grow the already substantial zinc resources at the project,” Metals Australia Chairman Mike Scivolo said.
A follow-up diamond drilling program is now on the cards to test the down-plunge extensions of the zinc mineralisation at both the Kultarr and Kowari prospects, which were previously identified by electromagnetic anomalies at depth.
Metals Australia said it’s well funded to continue exploration and has capacity to carry out a significant drilling campaign to grow the high-grade zinc resource base at Manindi.
Metals Australia last traded at 9.5 cents on May 23.
