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- Belararox (BRX) confirms high-grade zinc, copper and gold mineralisation in a previously undrilled area at the Belara mine in NSW
- Results come from phase one RC drilling which was undertaken to build on historical results and determine the potential to host significant zinc and copper mineralisation
- Results have been received for hole BLRC013 that intersected up to 4.73 per cent zinc, 5.85 per cent copper, 1.03 per cent lead, 82.60g/t silver and 1.5g/t gold
- Results are pending for 2201 assays and are expected to be reported on in the next six weeks with eight diamond and four RC holes yet to be drilled under the phase one work
- Belararox is up 16.3 per cent on market close with shares trading at 46.5 cents
Belararox (BRX) has confirmed high-grade zinc, copper and gold mineralisation in a previously undrilled area at the Belara mine in NSW.
Results come from phase one reverse circulation (RC) drilling which was undertaken to build on historical results and determine the potential to host significant zinc and copper mineralisation.
Results have been received for hole BLRC013 which intersected seven metres at 2.22 per cent zinc, 2.54 per cent copper, 0.63 per cent lead, 36.87g/t silver and 0.67g/t gold from 78 metres including three metres at 4.73 per cent zinc, 5.85 per cent copper, 1.03 per cent lead, 82.60g/t silver and 1.5g/t gold.
Notably, mineralisation for all the metals from this hole has a higher grade than in the historical model.
Hole BLRC013 is along strike and at the same depth as recently reported hole BLRC011 and together, both holes confirm high-grade mineralisation close to the surface over a 150-metre strike.
Further, a 3D gravity inversion anomaly has indicated the strike may span a length of 400 metres.
“We are delighted with the results for this hole (BLRC 013) which is the best intersection drilled so far at the project,” Managing Director Arvind Misra said.
“Importantly, assays for BLRC013 have higher grades for all metals than in the historic model and thus, deliver on our goal for phase one drilling to build upon historic results to determine the potential of the Belara Project to host significant zinc and copper mineralisation.
“We are fast tracking work on our maiden resource, which we hope to announce in this current quarter, and significant results like these bode well for it.”
Results are pending for 2201 assays and are expected to be reported on in the next six weeks.
Additionally, drilling is continuing with eight diamond tails and four RC holes yet to be drilled under the phase one program.
Downhole electromagnetic planning is also underway to map the known mineralisation and potential depth extensions at the Belara and Native Bee mines.
If successful, the work will provide a tool to quickly test the potential of new targets as well as provide 3D targets for a phase two drilling program.
Belararox was up 16.3 per cent on market close with shares trading at 46.5 cents.
