Dalaroo Metals (ASX:DAL) has confirmed its Lyons River Project (LRP) boasts “Broken Hill Type” lead-zinc prospectively.
“Broken Hill” refers to a lead mine in New South Wales which has historically been one of the largest lead mines in the country.
Assay results on the back of a WA government co-funded drill run (via the Exploration Incentive Scheme [EIS]) have left geotechs most interested in the Browns prospect – part of the LRP – with assays coming back up to 1.1% zinc.
While early days, this, the company says, “confirms Broken Hill type host rocks with significant intervals of sulphides.”
Four deep diamond drill holes were sunk totalling 994 metre aggregate, chasing after a prospective lead-zinc-silver zone across an area some 6sq.km size.
Brown was first found in soil geochem data; another six known anomalies are located at the LRP. The company noted on Wednesday the overall project landholding is some 838sq.km in the Gascoyne region.
“The Browns Prospect represents the second site of Pb-Zn-Ag intersections discovered by bedrock drilling in the Mutherbukin Zone, 5km east of Dalaroo’s Four Corners Pb-Zn-Ag prospect,” the company wrote on Wednesday.
“EIS drilling has defined an interbedded sequence of garnet-and sillimanite-bearing pelitic to psammo-pelitic schists, intermediate to felsic gneiss, and meta-sandstones, analogous to the host rock sequences at Broken Hill.”
DAL last traded at 2.7cps.
Join the discussion: See what HotCopper users are saying about Dalaroo Metals and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.