- M3 Mining (M3M) receives “exceptional” grading rock chip samples from its Victoria Bore copper project in Western Australia
- Samples include grades of up to 26.6 per cent copper and 57.2 g/t silver, and returned traces of zinc, lead, gold and cobalt
- Importantly, M3 Mining believes these results indicate the Victoria Bore project is a polymetallic mineralised system which is being followed up with drilling
- The 1200-metre program is focused on three priority targets to uncover mineralisation in fresh rock and better understand the mineralised system
- M3M’s shares are up 8.89 per cent to trade at 24.5 cents
M3 Mining (M3M) has received “exceptional” grading rock chip samples from its Victoria Bore copper project in Western Australia.
The rock chip samples returned copper grades of 17.8 and 26.6 per cent, silver grading at 32.9 and 57.2 grams per tonne (g/t) of silver and gold grades of 0.11 and 0.06 g/t.
These rock chip samples are considered to be highly encouraging with significant copper and silver results accompanied by traces of zinc, lead, gold and cobalt.
Importantly, M3 Mining said these results complement previously defined high-priority geophysical targets and indicate the project is a polymetallic mineralised system.
The company has now commenced a maiden 1200-metre reverse circulation drilling program which is focused on three targets at the Victoria Bore project. Drilling will aim to uncover mineralisation in fresh rock and to better understand the nature of the polymetallic mineralised system.
“The exceptional rock chip samples have confirmed the highly prospective nature of the historical Victoria copper mine,” Executive Director Simon Eley said.
“We now look forward to drill testing both extensions to the historical workings as well as two electromagnetic anomalies at depth that are coincident with the interpreted mineralisation trends.”
M3M’s shares were up 8.89 per cent to trade at 24.5 cents at 12:21 pm AEDT.