- Eastern Metals (EMS) intersects copper rich massive sulphides during resource expansion drilling at its Home of Bullion (HoB) mine in the Northern Territory
- One of three diamond drill holes encountered 13.6 metres of continuous copper mineralisation outside of the existing resource estimate wireframes
- Overall, 9.1 metres of banded and disseminated chalcopyrite was intersected as well as 3.9 metres of visible chalcopyrite, galena, pyrrhotite and sphalerite
- Core samples from all three holes have been sent to a laboratory for processing with results expected in due course
- Eastern Metals shares are up 3.7 per cent trading at 13 cents at 1:29 pm AEST
Eastern Metals (EMS) has intersected copper-rich massive sulphides during resource expansion drilling at its Home of Bullion (HoB) mine in the Northern Territory.
Three diamond drill holes, for 1474 metres, were drilled at the HoB mine to test the potential of the existing resource of 2.5 million tonnes averaging 1.8 per cent copper, two per cent zinc, 36g/t silver, 1.2 per cent lead and 0.14g/t gold.
Eastern Metals also aimed to test for extensions to previously defined mineralisation.
Hole HDD049B encountered 13.6 metres of continuous copper mineralisation outside of the existing resource estimate wireframes.
The mineralisation included 9.1 metres of banded and dispersed chalcopyrite and galena from 537.4 to 546.5 metres.
It then encountered 3.9 metres of visible chalcopyrite, galena, pyrrhotite and sphalerite from 546.5 to 550.4 metres, and 0.7 metres of banded and dispersed chalcopyrite from 550.4 to 551.1 metres.
Eastern Metals said the mineralisation appeared to be cut off by a large quartz vein with possible faulting and further drilling is planned to test for intersections of intense mineralisation.
The core samples from all three holes have been sent to a laboratory for processing and results are expected in due course.
“The spectacular intensive copper-rich interval encountered in HDD049B demonstrates the high-grade potential of the Home of Bullion mine,” CEO and Managing Director Wayne Rossiter said.
“This program was designed to step out from the existing resource envelope where the resource has not been closed off, with the aim to increasing the resource tonnage at HoB.
“Additionally, our magnetic susceptibility measurements on fresh drill core are also providing increased confidence that magnetics can be used to help identify other potential copper lodes in this very exciting region.”
Eastern Metals shares were trading 3.7 per cent lower at 13 cents at 1:29 pm AEST.