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- Extensional hole drilled outside the existing mineral resource
- Results have significantly increased potential of lightly targeted zone
- Drilling demonstrates continuity of mineralisation which remains open in multiple directions
- Targeted infill drilling also continues to deliver strong intersections
Prospect Resources (ASX:PSC) continues to grow the Mumbezhi copper project with further strong results from targeted drilling in Zambia.
The company has reported success from an ongoing phase three drilling and regional exploration program at the project with high-grade intercepts obtained from an extensional hole drilled outside the existing mineral resource on the prospective eastern flank of the Nyungu Central deposit.
“This new extensional hole NCDD052 has dramatically opened up the prospectivity of a substantial area on the eastern margin of our flagship Nyungu Central deposit,” MD and CEO, Sam Hosack, said.
“We have responded to this new opportunity by re-allocating extensional diamond metres to the current drilling campaign at Nyungu Central. This allows us to rapidly undertake follow-up testing of this emerging new eastern zone and also incorporate any meaningful new discoveries into our Mineral Resource updates which precede and support the Mumbezhi scoping study in Q1 2027.”
The extensional drilling has outlined a new eastern zone.
Drill hole NCDD052 was initially designed to target copper mineralisation up dip from existing holes in the southern part of the Nyungu Central deposit and returned an exceptional shallow intersection of 32.8m at 0.54% copper from 28m.
This hole was subsequently extended to test defined airborne electromagnetic (AEM) anomalies interpreted at further depth and intersected two new high-grade intercepts in the vicinity of those electrically conductive anomalies, returning 24m at 0.78% copper from 276m and 20m at 0.91% copper from 375m.
These intercepts are located in positions where no copper mineral resources are presently defined.
To properly ascertain the potential of this eastern flank at Nyungu Central, Prospect has elected to re-allocate extensional diamond drilling metres from the phase three program for this purpose. This work, along with pending assays from several other holes already completed along this prospective zone will test the extent and continuity of the lightly drilled area (s
Prospect has now completed 45 phase three diamond holes at Nyungu Central for 14,128m, with assays pending for ten infill holes and 15 extensional holes.
Targeted infill drilling at Nyungu Central also continues to deliver strong intersections including 37m at 0.52% copper from 228m, 9.2m at 0.81% copper from 467m, 39m at 0.64% copper from 127m, and 33m at 0.54% copper from 28m.
Four diamond drill rigs are currently operating on site with two rigs working at Nyungu Central and two completing regional exploration drilling at Kamafamba and Chipimpa.
PSC was up 4.26% to 24.5¢. Mkt cap $196.7M.
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