- Belararox (BRX) intersects visible copper and zinc sulphides at its Belara base metals project in central NSW
- The company says the first diamond drill hole completed from the current round of exploration activities at Belara hit massive sulphide mineralisation in a previously untested zone
- Targeted mineralisation was at an untested area 200 metres up-dip from deeper historical drilling
- Results “confirm” continuity of the massive sulphide mineralisation closer to the surface
- BRX shares last traded at $1.10
Belararox (BRX) has intersected visible copper and zinc sulphides at its Belara base metals project in central New South Wales.
The company said the first diamond drill hole completed from the current round of exploration activities at Belara hit massive sulphide mineralisation in a previously untested zone.
Targeted mineralisation was at an untested area 200 metres up-dip from deeper historical drilling.
Results “confirm” continuity of the massive sulphide mineralisation closer to the surface,
at around 129 metres depth over a 10m downhole interval, according to Belararox.
Drilling took place following IP and gravity surveys.
The resource and metallurgical drilling at Belara was designed to build on historical results and determine the potential of the project to host commercial quantities of mineralisation.
“We have had an exciting start to our drilling campaign with the first hole drilled intersecting visible copper and zinc sulphides,” Belararox Managing Director Arvind Misra said.
“The mineralised intersection is close to our targeted depth of 120m and more importantly, confirms continuity of the massive sulphide mineralisation.
“With the zinc price at an all-time high, BRX presents a unique and significant zinc and copper investment opportunity. These battery minerals are likely to remain in demand in the foreseeable future due to growth in electric vehicle and renewable energy markets.”
The company said the Belara and Native Bee mine areas were the first high-priority targets for resource drilling.
BRX shares last traded at $1.10 on April 11.