- Recent drilling at Eastern Metals’ (EMS) Browns Reef deposit intercepts mineralisation in all four drill holes
- Positively, drilling at the NSW-based deposit extended what is now called the “Evergreen Zone” lode by 50 metres at depth and 50 metres along strike of a historical drill hole
- While it’s yet to be confirmed, Eastern Metals believes the results point towards a significant zinc-dominated polymetallic zone discovery at Browns Reef
- Further drilling is planned to test further extensions at the Evergreen Zone as well as drill test the Southern zone
- Company shares are down 2.27 per cent and trading at 21.5 cents at market close
Eastern Metals (EMS) has received assays from a diamond drilling program at the Browns Reef base metal deposit in New South Wales.
The initial program was completed in March and included four holes to test an area surrounding the historical BRD013 drill hole in what was formerly known as the “Northern High Grade Zone”. Eastern Metals has since named this area the “Evergreen Zone”.
Positively for the company, drilling intersected mineralisation in all four holes which led to extending the lode roughly 50 metres above and below BRD013 and 50 metres along strike to both the south and north of BRD013.
The assays included high-grade zinc as well as lead, copper, silver and gold values.
Highlighted zinc results include 13 metres at 5.4 per cent zinc from 225 metres including two metres 14.6 per cent zinc, and 12.5 metres at 8.1 per cent zinc from 269.5 metres including 8.5 metres at 9.8 per cent zinc.
While it’s yet to be confirmed, Eastern Metals believes the results are the first stage of a significant high-grade, zinc-dominated polymetallic zone discovery at Browns Reef.
Managing Director and CEO Wayne Rossiter said the initial program was an “outstanding success”.
“The Evergreen Zone lode has a current strike length of over 100 metres and vertical depth of at least 300 metres and remains open along strike and at depth.”
Looking ahead, Eastern Metals has received approvals for a follow-up diamond drilling designed to test for further extensions to the Evergreen Zone.
The company will also undertake a separate diamond drilling program to test the Southern High Grade Zone once regulatory approvals are in place.
Company shares were down 2.27 per cent and trading at 21.5 cents at market close.