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Noronex Ltd (ASX:NRX) has discovered a treasure chest of mineralisation, including a broad copper-silver intercept through step-out drilling work at its Fiesta Copper Project in Namibia.
Hole 25FIERC23 delivered five metres at 1.4% Cu (copper) and 58 grams per tonne (g/t) Ag (silver) (or 1.9% copper equivalent) from 249 metres.
The miner also landed 33 metres at 0.8% Cu and 31g/t Ag (1.1% CuEq) from 265 to 298 metres, including four metres at 2.0% Cu and 83g/t Ag (2.8% CuEq) from 265 metres, and four metres at 2.3% Cu and 87g/t Ag (3.1% CuEq) from 277 metres.
This had been drilled to assess mineralisation south of 24FIERC21; a major 500-metre step west of the previous intersection in 24FIERC08. It intersected strong copper-silver mineralisation close to the end of the hole.
25FIERC23 ended in mineralisation due to the depth capacity of the RC rig of 300 metres; Noronex intends to roll out diamond drilling to test the step-out zone at depth.
Chief geologist Bruce Hooper said the copper and silver find suggests a robust system. “Extending the Fiesta mineralisation by over half a kilometre with such impressive copper and silver results right to the end of the hole is a major step forward in defining the potential size of this system.”
Mr Hooper continued: “Our next step will be to undertake diamond drilling to test the full width and style of mineralisation, as well as seeking to further extend the strike as the system remains completely open to the west.”
Noronex has been trading at 1.6 cents.
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