- Belararox (BRX) intersects visible copper and zinc sulphides at the Belara project in Central NSW
- Up to 19 metres of visible sulphides were intersected in an untested area 200 metres up-dip of deeper historical drill intersections
- The visible sulphides were identified at 167 to 186 metres with a second zone of dispersed sulphides from 79 to 69 metres
- These findings suggest there may be other zones of mineralisation that have not been included in the historical resource
- Belararox has ended the day trading 25 per cent higher at 90 cents
Belararox (BRX) has intersected visible copper and zinc sulphides at the Belara project in Central NSW.
The second diamond hole of the program intersected 19 metres of visible sulphides in an untested area 200 metres up-dip of deeper historical drill intersections.
The visible sulphides were identified at 167 to 186 metres which is deeper than the targeted depth of 122 to 142 metres.
There is a second zone of dispersed sulphides from 79 to 96 metres, primarily consisting of pyrite and pyrrhotite with occasional chalcopyrite and sphalerite.
The findings suggest there may be other zones of mineralisation that have not been included in the historical resource.
A third diamond hole is currently in progress to support the planned resource estimate and preliminary metallurgical testwork.
This testwork is an important part of the resource estimate as it will provide supporting information on the potential for the eventual economic extraction required under the JORC 2012 guidelines.
A second rig has begun a reverse circulation (RC) resource drill out of the historical resource area at the Belara mine with 29 holes, for 4906 metres, planned.
“We are excited to report yet more visible intersections of zinc and copper massive sulphide mineralisation from Belara in this second diamond drill hole. Similar to the first hole, the mineralisation was intersected in an untested area up dip from deeper historic drill intersections,” Managing Director Arvind Misra said.
“It’s promising to intersect shallow zinc-copper mineralisation, and this increases our confidence in Belara’s potential to host sizeable commercial quantities of mineralisation.”
“We are very pleased with the intersections achieved so far and we look forward to completing the diamond and RC drilling and reporting further results.”
Belararox ended the day trading 25 per cent higher at 90 cents.